Property Detail

663 21st

Los Angeles CA 90007

$695,000

Status: Active

Property Details

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 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 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.

Map Location

Listing provided courtesy of Eliza Kerndian of Keller Williams Beverly Hills. Last updated 2026-03-14 08:11:23.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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