324 West 51st Street Los Angeles, CA ^$ 1,595,000

324 West 51st Street

^$ 1,595,000

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324 West 51st Street

Los Angeles, CA, 90037

^$ 1,595,000

Bedrooms-- Baths0.0 Sq 5,193

Monthly Estimate*

^$ 11,016

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324 West 51st Street, Los Angeles, CA 90037 - Image 9

324 West 51st Street, Los Angeles, CA 90037 - Image 10

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Multi-Family Home for sale in Los Angeles, CA

for $1,595,000. This 5,193 square foot home was built in 1922 on a lot size of 0.13.

Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. 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. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.

Multi-Family Active

Price

^$ 1,595,000

Property Type

Multi-Family

Taxes

^$ 0

Style

Contemporary

Lot Size

0.13

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026994983

Features

General

Living Area 5193

Sewer None Sewer Paid

Heating Heat Pump

Cooling Heat Pump

Zoning LARD2

Architectural Style Contemporary

Security Features Smoke Detector(s) Carbon Monoxide Detector(s) Gated Community

Construction Materials Stucco

Year Built 1922

Tenant Pays Electricity Gas Trash Collection Water

Levels Two

County Los Angeles

New Construction false

Property Type Residential Income

HOA false

Status Active

City Los Angeles

Entry Location Ground Level w/steps

Senior Community Y/N false

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 5510

Land Lease Y/N false

Property Condition Updated/Remodeled

Additional Parcels Y/N false

Structure Type None

Standard Status Active

Year Built Source Assessor

Interior

Interior Amenities Recessed Lighting

Flooring Vinyl

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N false

Laundry Features None Dryer Included Stackable Washer Included

Total Baths 0

Exterior

Parking Features None

Water Source None

Lot Size Area 5510

Spa false

Building Area Total 5193

Lot Dimensions 50 x 110

Lot Size Acres 0.13

Lot Size Source Assessor

* Excluded Features

List By

Nicholas Hedberg

Listing Agent

Unknown Office

Broker

Affordability Calculator

$11,016

Per Month

Monthly Principal & Interest: $11,016
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$1,928,196

Percent of Sale Price 21%

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.

4827338 Elementary School

0 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
10/13/2026	$1,595,000	-3.33%	Price Down
10/2/2026	$1,650,000		Listed Price

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324 West 51st Street, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $1,595,000 with 5,193 sqft and a lot size of 0.13. 324 West 51st Street has 0.0 baths and was built in 1922. The property's zip code is 90037 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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 10/13/2026. 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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324 West 51st Street

Multi-Family Home for sale in Los Angeles, CA

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