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Los Angeles, CA 90011 1541 E 51st Street

$949,000

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Presented By: Sabina Yi with Keller Williams Beverly Hills;
  • MLS# 24375173
  • 04/01/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 3,036

Home Details

Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/1BA, with four uncovered parking spaces in the back. Unit 4 will be delivered vacant and is currently be renovated. Live in one unit while collecting rents. Rents can be increased June 2024. Possibility for buyer to vacant another unit. Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.
Presented By: Sabina Yi with Keller Williams Beverly Hills;

Interior Features for 1541 E 51st Street

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 1541 E 51st Street

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator
Architectural StyleTraditional
Attached Garage No
Cap Rate4.2
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsOn 51st St between Compton Ave and Long Beach Ave
Garage Y/NNo
Gross Income61332.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo, MultiSplit
Lot Size Square Feet5000.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income40283.0
New ConstructionNo
Open Parking Spaces4.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name51st
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1961
ZoningLAR2

Exterior for 1541 E 51st Street

Building Area Total3036.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1148
Lot Size Area5000.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGated, Uncovered
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $949,000
MLS#24375173
List Date 04/01/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors