663 W 21st Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
663 W 21st Street,Los Angeles, CA 90007
$695,000
- 5 Beds
- - Baths
- 2,376 sq. ft.
- Multi-family
- Active
Listed by: eliza kerndian
Office: keller williams beverly hills
MLS#:CL26657335
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$695,000
- Price per sq. ft.:$292.51
About this home
Prime investment opportunity near the heart of Downtown Los Angeles and the highly sought-after USC area! Welcome to 633 W 21st Street, a well-maintained three-unit residential income property offering strong rents, updated interiors, low operating costs, and exceptional long-term upside. Nestled in a high-demand rental corridor west of the 110 Freeway, north of Adams Blvd, south of Washington Blvd, and between Figueroa & Hoover, this location provides unbeatable access to USC, Exposition Park, LA Coliseum, Banc of California Stadium, Downtown LA job centers, public transit, and major freeways.This two-story building features an excellent unit mix ideal for stable cash flow: one 3-bedroom/3-bath unit, and two 1-bedroom/1-bath units. The property delivers a combined monthly rent of $5,887, producing $70,644 in annual gross income, supported by a strong 7% cap rate and 9.9 GRMa rare find in this location and price segment. Current rents: 1BR @ $1,510, 1BR @ $1,673, and 3BR @ $2,740. Units are in move-in condition with remodeled interiors and modern finishes. Building is separately metered for electricity and gas, reducing expenses and simplifying management.This property is FHA-eligible, making it an outstanding opportunity for first-time buyers seeking to live in one unit and let...
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Home facts
- Year built:1928
- Listing ID #:CL26657335
- Added:23 day(s) ago
- Updated:March 19, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:5
- Living area:2,376 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1928
- Building area:2,376 sq. ft.
- Lot area:0.05 Acres
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$292.51
Parking
- Parking description:Street Parking
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