1541 E 51st Street Los Angeles, CA ^$ 949,000

1541 E 51st Street

^$ 949,000

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1541 E 51st Street

Los Angeles, CA, 90011

^$ 949,000

Bedrooms8 Baths4.0 Sq 3,036

Monthly Estimate*

^$ 6,629

Listed by Keller Williams Beverly Hills

1541 E 51st Street, Los Angeles, CA 90011 - Image 1

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1541 E 51st Street, Los Angeles, CA 90011 - Image 7

1541 E 51st Street, Los Angeles, CA 90011 - Image 8

1541 E 51st Street, Los Angeles, CA 90011 - Image 9

1541 E 51st Street, Los Angeles, CA 90011 - Image 10

1541 E 51st Street, Los Angeles, CA 90011 - Image 11

1541 E 51st Street, Los Angeles, CA 90011 - Image 12

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1541 E 51st Street, Los Angeles, CA 90011 - Image 17

Multi-Family Home for sale in Los Angeles, CA

for $949,000 with 8 bedrooms and 4 full baths. This 3,036 square foot home was built in 1961 on a lot size of 0.1148.

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.

Multi-Family Active

Price

^$ 949,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.1148

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24375173

Days on Market

Features

General

Heating WallFurnace

Cooling None

Appliances Dishwasher Refrigerator

Zoning LAR2

Architectural Style Traditional

Security Features GatedCommunity

Year Built 1961

Stories 2

Levels Two MultiSplit

Gross Income 61332.0

Community Features Gated

County Los Angeles

Net Operating Income 40283.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

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

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 4.0

Total Units 4

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5000.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 51st

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 4.2

Exterior

Parking Features Gated Uncovered

Total Parking 4.0

Lot Size Area 5000.0

Number of Buildings 1

Spa N

Building Area Total 3036.0

Lot Size Acres 0.1148

Lot Size Units SquareFeet

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 8

Electric On Property Y/N N

Total Baths 4

Internal Only

Street Number 1 1541

* Excluded Features

List By

Keller Williams Beverly Hills

Broker

(323) 638-7567

Phone

Affordability Calculator

$6,629

Per Month

Monthly Principal & Interest: $6,629
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$1,994,800

Percent of Sale Price 110%

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
4/2/2024	$949,000		Listed Price

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1541 E 51st Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $949,000 with 3,036 sqft and a lot size of 0.1148. 1541 E 51st Street has 8 bedrooms, 4.0 baths, and was built in 1961. 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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1541 E 51st Street

Multi-Family Home for sale in Los Angeles, CA

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