$1,650,000

324 W 51st Street, Los Angeles, CA 90037

  • 5,193 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1922
  • Property Lot Size Icon5,510sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $318/sqft
  • Property List Date Icon Listed 7 days ago

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.

Listing Status:
Active
Date Added:
October 1, 2026
Data Last Updated:
October 9, 2026 at 12:09AM
Listing Office:
Beverly & Company Luxury Properties :
Listing Agent:
Nicholas Hedberg : 703-587-2918
MLS ID:
CL26994983
  • Appliances: Dryer
  • Laundry: DryerWasherOther
  • Flooring: Vinyl
  • A/C: Heat Pump
  • Heating: Heat Pump
  • Parking: None
  • General: Stucco
  • County: Los Angeles
  • Zoning: LARD25110027007
  • View: None
  • Water: Other

This listing courtesy of Nicholas Hedberg , Beverly & Company Luxury Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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