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Keller Williams
324 W 51st Street, Los Angeles, CA 90037
- $1,595,000
- 16
- BD
- 7
- BA
- 5,193
- SqFt
- List Price
- $1,595,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 41
- Price Change
- ▼ $55,000 1791937215
- MLS#
- 26994983
- Subtype
- Residential Income
- Short Sale
- Yes
- Style
- Contemporary
- Year Built
- 1922
- Bedrooms
- 16
- Bathrooms
- 7
- Living Area
- 5,193
- Lot Size
- 5,510
- Acres
- 0.13
- Subdivision
- Walter's Moneta Ave And Figueroa St Tract
- Neighborhood
- Walter's Moneta Ave And Figueroa St Tract
- MLS Area Major
- Downtown L.A. (C42)
Property Description
Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. Renovated kitchens with shaker cabinets, stainless appliances, built-in microwaves and vinyl plank floors. Mini-split heat and AC in every unit. The four front units have dishwashers and in-unit stacked laundry. Gas and electric are separately metered. Water is submetered. Tenants pay gas, electric and trash. Five units also pay water. All six units are leased at $14,657 per month. Four leases began in 2026. 8.0% cap rate and 9.4 GRM at list price. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.
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Additional Information
- Interior Features
- Recessed Lighting
- Property Description
- Contemporary
- Zoning
- LARD2
- Flooring
- Vinyl
- Appliances
- Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Heating
- Heat Pump
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- None
- School District
- Los Angeles Unified
- View
- None
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Listing courtesy of Listing Agent: Nicholas Hedberg (info@wesellhousesla.com) from Listing Office: Beverly & Company Luxury Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.