663 W 21St St, Los Angeles, CA

Name: 663 W 21St St, For Sale in Los Angeles - eXp Realty
Brand: Keller Williams Beverly Hills
SKU: 26762587
Price: 595000 USD

House

For Sale

Listed price in listed location currency (USD).

$595,000

430

MLS® 26762587

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 2376 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1928

Avg. Price Per Sqft $250

MLS® Number 26762587

Property Address: 663 W 21st St, Los Angeles, CA, 90007-2031

Average square foot calculated using Size range provided by listing agent.

Description

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 8% cap rate and 8.8 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 rental income offset the mortgage. Investors will appreciate the low maintenance structure, strong in-place rents, and consistent rental demand driven by proximity to USC, DTLA employment hubs, LA Metro stations, and an ongoing shortage of quality housing in the area.Additional highlights include:* Easy to show with cooperative tenants* Updated interior conditions across all units* Stable occupancy with reliable rent collection* Potential for rental upside with future turnover* High walkability to food, retail, cafes, and transit* Minutes to Exposition Park, Natural History Museum, Lucas Museum site, and major redevelopment zones* Close to major transportation corridors including 110, 10, and 105 freeways* Strong long-term appreciation trends surrounding USC and DTLAWhether you are an investor seeking a high-yield cash-flowing asset or an owner-occupier looking for an FHA-approved opportunity in one of LA's most dynamic neighborhoods, 633 W 21st Street checks all the boxes. A true cash cow with growth potential, strategic location, remodeled units, and excellent financial performance.Don't miss this rare chance to own a turnkey triplex in a booming rental market. Contact listing agent to schedule a showing or to obtain full financials.

MLS® Number26762587

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1928

Basement

DrivewayOn Street

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 29, 2026List Date

$595,000List Price

Commute

Commute

Starting Address

Destination Address

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