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+15622918103
Century 21 Realty Masters
324 W 51st Street, Los Angeles, CA 90037
- $1,650,000
- 16
- BD
- 7
- BA
- 5,193
- SqFt
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 26994983
- Year Built
- 1922
- Bedrooms
- 16
- Bathrooms
- 7
- Living Sq. Ft
- 5,193
- Lot Size
- 5,510
- Acres
- 0.13
- Days on Market
- 1
- Property Type
- Multifamily
- Short Sale
- Yes
- Style
- Contemporary
- Stories
- Two Levels
- Neighborhood
- Walter's Moneta Ave And Figueroa St Tract
Property Description
Renovated six-unit income property in South Park (South LA). Short sale, subject to lender approval. The 1922 front building was remodeled under 2021-22 LADBS permits into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs have a 2023 Certificate of Occupancy. 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 on broker-estimated expenses. The front building is under LA rent stabilization. The ADUs are exempt per LAHD. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage.
Additional Information
- Appliances
- Dishwasher, Microwave, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Heat Pump
- Cooling
- Yes
- Cooling Description
- Heat Pump
- View
- None
- Exterior Construction
- Stucco
- Sewer
- Sewer Tap Paid
- School District
- Los Angeles Unified
- Interior Features
- Recessed Lighting
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $175,884
Listing courtesy of Listing Agent: Nicholas Hedberg (info@wesellhousesla.com) from Listing Office: Beverly & Company Luxury Properties.
Mortgage Calculator
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.