Located just blocks from USC in the heart of Los Angeles, this prime investment property features two buildings: a front four-unit structure with 1-bedroom, 1-bath units, and a rear detached single-family home with 3 bedrooms and 2 baths. Ideal for student housing or long-term investment, it offers strong rental potential in a high-demand area. The seller complies with Los Angeles Rent Control regulations and provides tenant relocation credits up to the maximum allowed. A rare opportunity combining location, value, and income potential.
For sale
Listed by: TOP PRODUCERS REALTY PARTNERS • Alex Avilez • Contact: 626-290-6900
$975,000
1038 W 21st St, Los Angeles, CA 90007
8beds
6baths
6,006sqft
:
Get pre-qualified$6,559/mo
Multi Family
Built in 1914
-- sqft lot
$-- Zestimate®
$162/sqft
$-- HOA
What's special
- 448 days |
- 89 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Alex Avilez DRE #01271332 626-290-6900,
TOP PRODUCERS REALTY PARTNERS
Source: CRMLS,MLS#: CV25101490
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,006
- Total interior livable area: 6,006 sqft
Property
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 6,507 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5124005005
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Private
Community & HOA
Community
- Features: Street Lights, Suburban, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $162/sqft
- Tax assessed value: $369,601
- Annual tax amount: $5,592
- Date on market: 5/9/2025
- Cumulative days on market: 448 days
- Listing terms: 1031 Exchange
- Total actual rent: 6089
Estimated market value
Not available
Estimated sales range
Not available
$4,376/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2025 | Price change | $975,000-11.4%$162/sqft |
Source: JohnHart Real Estate #CV25101490 Report a problem | ||
| 8/8/2025 | Price change | $1,100,000-15.4%$183/sqft |
Source: JohnHart Real Estate #CV25101490 Report a problem | ||
| 5/9/2025 | Listed for sale | $1,300,000-8.5%$216/sqft |
Source: JohnHart Real Estate #CV25101490 Report a problem | ||
| 1/2/2023 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 9/16/2022 | Listed for sale | $1,420,000+13.6%$236/sqft |
Source: RE/MAX International #CV20199396 Report a problem | ||
| 9/25/2021 | Listing removed | -- |
Source:  SDMLS #CV20199396 Report a problem | ||
| 5/13/2021 | Listed for sale | $1,250,000$208/sqft |
Source: SDMLS #CV20199396 Report a problem | ||
| 1/15/2021 | Listing removed | -- |
Source:  CRMLS Report a problem | ||
| 10/14/2020 | Price change | $1,250,000-7.4%$208/sqft |
Source: EXCELLENCE SOCAL REAL ESTATE #CV20199396 Report a problem | ||
| 9/30/2020 | Listed for sale | $1,350,000+429.4%$225/sqft |
Source: EXCELLENCE SOCAL REAL ESTATE #CV20199396 Report a problem | ||
| 5/14/2003 | Sold | $255,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,592 +2.2% | $369,601 +2% |
| 2024 | $5,470 +1.5% | $362,361 +2% |
| 2023 | $5,387 +4% | $355,262 +2% |
| 2022 | $5,180 +1.9% | $348,303 +2% |
| 2021 | $5,085 -0.7% | $341,481 +1% |
| 2020 | $5,122 | $337,984 +2% |
| 2019 | $5,122 +6.1% | $331,364 +2% |
| 2018 | $4,828 | $324,873 +2.1% |
| 2017 | $4,828 +2.8% | $318,210 +2% |
| 2016 | $4,697 +3.7% | $311,972 +1.5% |
| 2015 | $4,529 +0.2% | $307,286 +2% |
| 2014 | $4,522 | $301,268 +4.5% |
| 2011 | -- | $288,263 +0.8% |
| 2010 | -- | $286,109 -0.2% |
| 2009 | -- | $286,790 +2% |
| 2008 | -- | $281,168 +4% |
| 2006 | -- | $270,252 |
| 2005 | -- | $270,252 +4% |
| 2004 | -- | $259,760 +113% |
| 2003 | -- | $121,965 +2% |
| 2002 | -- | $119,574 +4% |
| 2000 | -- | $114,933 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: University Park
Nearby schools
GreatSchools rating
- 6/10Norwood Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10West Adams Preparatory High SchoolGrades: 9-12Distance: 0.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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