21721 Hart Street is a four-unit apartment building completed in 2023, located approximately one mile from Rams Village at Warner Center - a 52-acre, $10 billion mixed-use district anchored by the permanent headquarters of the Los Angeles Rams. The Kroenke Organization has assembled roughly 100 acres in Warner Center. Demolition of the former Promenade site began in January 2026 and vertical construction is targeted for 2027, with build-out phased over roughly a decade. THE ASSET All four units are three-bedroom, two-bath plans of approximately 1,550 square feet, finished with quartz counters, stainless appliances, wide-plank flooring, private balconies and in-unit laundry. The property includes central HVAC, a full fire sprinkler system, rooftop solar, drought-tolerant landscaping and eight parking spaces at a 2:1 ratio. Approximately 6,200 rentable square feet on a 5,000 square foot lot zoned R3-1-RIO. THE INCOME 100% leased. Utilities are tenant-paid with a ratio utility billing system in place, holding the operating expense ratio near 21.8%. Offered at $2,395,000 - $598,750 per unit and $386 per square foot - at a 5.62% current capitalization rate, 6.20% pro forma, and a 13.50 current gross rent multiplier. In-place rents sit approximately $1,195 per month below market across the four units. THE STRUCTURE A 2023 certificate of occupancy places the property permanently outside the City of Los Angeles Rent Stabilization Ordinance and outside the AB 1482 statewide rent cap until 2038, allowing rents to reset to market at natural turnover. The sale falls below the $5.4 million Measure ULA transfer tax threshold, and at four units it qualifies for conventional residential financing rather than commercial debt - 30-year amortization and longer fixed periods. California SB 1211 may permit additional detached accessory dwelling units; buyer to verify with the City. Seller is motivated and reviewing offers. The full offering memorandum, rent roll and operating statements are available in the attached documents.