1537 E 51st Street Los Angeles, CA ^$ 898,000

1537 E 51st Street

^$ 898,000

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1537 E 51st Street

Los Angeles, CA, 90011

^$ 898,000

Bedrooms16 Baths4.0 Sq 2,736

Monthly Estimate*

^$ 6,273

Listed by Equity Real Estate-Pacific Coast

1537 E 51st Street, Los Angeles, CA 90011 - Image 1

1537 E 51st Street, Los Angeles, CA 90011 - Image 2

1537 E 51st Street, Los Angeles, CA 90011 - Image 3

1537 E 51st Street, Los Angeles, CA 90011 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $898,000 with 16 bedrooms and 4 full baths. This 2,736 square foot home was built in 2010 on a lot size of 0.1148.

This is a very desirable duplex. It features 2 units, each with 4 bedrooms and 2 bathrooms. There is also a separate 2 car Garage. It's been fully rented for years, very low turn over. Priced for a cap rate of 6%+ Security gate across the driveway. Current rents are below market. New owner could raise them and increase the cap rate. Current management company would like to remain in place but it is not required.

Multi-Family Active

Price

^$ 898,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.1148

Year Built

2010

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

OC24056190

Days on Market

Features

General

Sewer PublicSewer

Heating NaturalGas WallFurnace

Utilities ElectricityConnected SewerConnected

Possession CloseOfEscrow

Roof AsbestosShingle

Appliances ElectricRange GasRange

Zoning LAR2

Garage Spaces 2.0

Pool Features None

Security Features CarbonMonoxideDetectors SmokeDetectors

Construction Materials Stucco

Year Built 2010

Tenant Pays Electricity Gas

Stories 1

Levels One

Property SubType Duplex

Gross Income 37308.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 57209.0

Operating Expense 10099.0

Insurance Expense 1200.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions On E 51st St between Compton Ave and Long Beach Ave

City Los Angeles

Entry Location Front

View Y/N N

Senior Community Y/N N

Open Parking Spaces 2.0

Total Units 2

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name 51st

Listing Terms Cash Conventional CalVetLoan FHA VALoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 600.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 600.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 69

Total Actual Rent 67308.0

Property Sub Type Additional Duplex

Interior

Flooring Carpet Tile

Fireplace Features None

Total Stories 1

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Window Features DoublePaneWindows

Fireplace Y/N N

Street Suffix Street

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Exterior

Lot Features StreetLevel

Water Source Public

Total Parking 4.0

Lot Size Area 5000.0

Number of Buildings 1

Spa N

Building Area Total 2736.0

Lot Size Acres 0.1148

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 22

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1537

* Excluded Features

List By

Equity Real Estate-Pacific Coast

Broker

(760) 277-7785

Phone

Affordability Calculator

$6,273

Per Month

Monthly Principal & Interest: $6,273
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,999,883

Percent of Sale Price 123%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2024	$898,000		Listed Price

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1537 E 51st Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $898,000 with 2,736 sqft and a lot size of 0.1148. 1537 E 51st Street has 16 bedrooms, 4.0 baths, and was built in 2010. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/2024. 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.

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1537 E 51st Street

Multi-Family Home for sale in Los Angeles, CA

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