324 W 51st St, Los Angeles, CA 90037

• 8 beds |
• 4 baths

Property Description

FULLY RENOVATED 6 UNIT The asset is perfectly positioned to capitalize on all of the major developments and entertainment centers that reside near the University and in Downtown Los Angeles. Originally built in 1922, the property has undergone a complete evolution, culminating in a comprehensive gut- rehab of the existing structure and the ground-up construction of two brand-new detached Accessory Dwelling Units (ADUs) completed in 2023. The Sellers are professional developers by trade who purchased the asset in October 2021 with a clear vision for strategic repositioning. Following this extensive construction and development timeline, the property has successfully stabilized over the last few years, presenting incoming investors with a fully turn-key, optimized, income-producing asset with zero deferred maintenance. The developers transformed the propertys original footprintwhich initially consisted of four large, one-bedroom unitsby gut-rehabbing all interiors and converting them into high-demand three-bedroom configurations. To optimize layout functionality, two of these main front units feature one full bathroom, while an extra half-bathroom was seamlessly added to the remaining two front units, giving them one and a half bathrooms each. To maximize cash flow potential, the developers also constructed two brand-new, detached, two-bedroom and one- bathroom ADUs measuring 641.5 square feet each, bringing the total unit count to six. The exterior exhibits a clean, modern stucco finish, upgraded entry doors, and gravel areas designed for minimal landscaping upkeep.

Listing Status:

Active

Date Added:

June 23, 2026

Data Last Updated:

July 5, 2026 at 12:12PM

Listing Office:

Keller Williams Realty : 310-375-3511

Listing Agent:

Marie Feleo So : 626-374-0848

MLS ID:

SB26136834

Exterior

• Pool: N/K

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Builder5110027007

Financial

• Source: California Regional MLS