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

1541 East 51st Street

^$ 949,000

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1541 East 51st Street

Los Angeles, CA, 90011

^$ 949,000

Studio Baths0.0 Sq 3,036

Monthly Estimate*

^$ 6,629

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

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

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

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $949,000. This 3,036 square foot home was built in 1961 on a lot size of 0.11.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Traditional

Lot Size

0.11

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024375173

Features

General

Heating Wall Furnace

Zoning LAR2

Architectural Style Traditional

Security Features Gated Community

Year Built 1961

Levels Multi/Split Two

County Los Angeles

Net Operating Income 40283.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Los Angeles

Buyer Agent Compensation 2.25

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5000.0

Street Name 51st

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Dishwasher Refrigerator

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Street

Total Baths 0

Exterior

Parking Features Uncovered

Lot Size Area 5000.0

Foundation Details None

Building Area Total 3036.0

Lot Size Acres 0.11

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Sabina Yi

Listing Agent

Keller Williams Beverly Hills

Broker

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 ^$2,002,074

Percent of Sale Price 111%

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.

793437 Elementary School

793428 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 East 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 0.11. 1541 East 51st Street is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/9/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1541 East 51st Street

Multi-Family Home for sale in Los Angeles, CA

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