tomo logo

$3,150,000

Beds
15
sq ft
4,033

1016 W 21st St, Los Angeles, CA 90007

1016 W 21st St

Los Angeles, CA 90007

  • 7 days on market
"TURNKEY 5-Units" Prime USC Student Housing Investment High Cash Flow Potential!Seize this rare opportunity to own a high-yield, fully remodeled student housing property just minutes from USC and Downtown Los Angeles. Strategically located with easy access to the 10 Freeway, this TURNKEY 5-Units is designed for strong rental demand and maximum returns.The property features a 4-unit main house with (2) 3-bedroom units on the first floor and (2) 2-bedroom units on the second floor, totaling 10 bedrooms and 10 bathrooms. Additionally, a brand-new 5-unit ADU offers 5 more bedrooms and bathrooms, increasing rental income potential. Each unit comes fully furnished with modern appliances, in-unit washers and dryers, sleek kitchens, hardwood floors, and premium finishes throughout all designed for hassle-free management and top-tier tenant appeal.With strong rental upside, a prime location near one of the nation's top universities, and a completely updated interior, this investment is built for success. Don't miss out on this exceptional income-producing opportunity!

Details

Property type

Est. home value

$1,355,497

Property condition

Updated/Remodeled

Lot size

6,505 sq ft

Price per sq ft

$782

Year built

Unknown

HOA

No

Price History

03/24/2025
CLAW

CLAW #25515615

Listed
$3,150,000
+142.31%
10/28/2022
CLAW

CLAW #22169825

Sold
$1,300,000

Schools & Community

Neighborhood: 

University Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cbp Fund V Llc

Loan start date

November 2022

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

6.7%

Loan type

Commercial, 2 year

Seller

1016 W 21St St Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 7:05 AM

Listing updated: 03/26/2025 at 10:26 PM

Listed by: Hikari Eguma, GAIA Phone #: (310) 779-8213

MLS: CLAW #25515615

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