5073 W 21st Street, Los Angeles, California 90016

$1,095,000

Bedrooms

4

Bathrooms

3

Square Feet

2,064 sqft

City

Los Angeles

Status

Active

An exceptional Mid-City triplex offering a compelling opportunity for both investors and owner-users alike. Set behind a hedged gate with lush landscaping and mature olive trees, the property features a thoughtfully configured mix of units, including a vacant 2 bed, 1 bath and two tenant-occupied 1 bed, 1 bath residences. Currently generating $3,361 per month in gross rents ($40,332 annually), with additional upside potential to be realized. The front 1 bed, 1 bath unit (5073) welcomes you with a private courtyard and a bright, airy living space accented by hardwood floors throughout. An open kitchen offers ample cabinetry and classic hex tile, blending charm with functionality, while the spacious bathroom features a tiled shower/tub and a character-rich vanity. A mini-split system ensures efficient heating and cooling. The middle 1 bed, 1 bath unit (5075) continues the theme of comfort and practicality, with hardwood flooring, a well-proportioned living room, and a thoughtfully placed kitchen just off the main living area. This unit also enjoys its own private courtyard, offering a peaceful outdoor retreat. Delivered vacant, the rear 2 bed, 1 bath unit (5077) presents a more expansive layout ideal for an owner-user or premium rental. Thin-slat wood flooring runs throughout, leading into an open living and kitchen area featuring quartz countertops, black-and-white hex tile, and bar seating. The bathroom carries through the timeless tile design with a shower/tub combination. Both bedrooms are generously sized, with one opening directly to a private courtyard framed by vibrant bougainvillea, perfect for morning coffee or unwinding at the end of the day. A long driveway leads to a detached three-car garage at the rear, where approved ADU plans offer exciting future potential. A shared laundry shed adds convenience for tenants. Ideally located near Ballona Creek, Jurassic Magic, and the vibrant dining and retail along Venice and Adams Boulevard, this property places you in the heart of one of Los Angeles' most dynamic and evolving neighborhoods. A rare opportunity to own a versatile income property with both immediate returns and long-term upside.