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324 W 51st Street Los Angeles, CA $ 1,650,000
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324 W 51st Street
$ 1,650,000
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324 W 51st Street

Los Angeles, CA, 90037
$ 1,650,000
Bedrooms16 Baths2.0 Sq 5,193

Monthly Estimate*

$ 10,418

Listed by Nicholas Hedberg, Beverly & Company Luxury Properties, info@wesellhousesla.com
324 W 51st Street, Los Angeles, CA 90037 - Image 1
324 W 51st Street, Los Angeles, CA 90037 - Image 2
324 W 51st Street, Los Angeles, CA 90037 - Image 3
324 W 51st Street, Los Angeles, CA 90037 - Image 4
324 W 51st Street, Los Angeles, CA 90037 - Image 5
324 W 51st Street, Los Angeles, CA 90037 - Image 6
324 W 51st Street, Los Angeles, CA 90037 - Image 7
324 W 51st Street, Los Angeles, CA 90037 - Image 8
324 W 51st Street, Los Angeles, CA 90037 - Image 9
324 W 51st Street, Los Angeles, CA 90037 - Image 10
324 W 51st Street, Los Angeles, CA 90037 - Image 11

Multi-Family Home for sale in Los Angeles, CA

for $1,650,000 with 16 bedrooms and 2 full baths. This 5,193 square foot home was built in 1922 on a lot size of 0.1265.

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.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

16

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1265

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

26994983

Days on Market

3
Features
General
Living Area 5193
Sewer Sewer Tap Paid
Heating Heat Pump
Cooling Heat Pump
Appliances Dishwasher Microwave Refrigerator Dryer Washer
Zoning LARD2
Garage Spaces 0
Patio/Porch Features None
Architectural Style Contemporary
Pool Features None
Security Features Carbon Monoxide Detector(s) Gated Community Smoke Detector(s)
Construction Materials Stucco
Year Built 1922
Tenant Pays Electricity Gas Trash Collection Water
View None
Stories Count 2
Levels Two
Gross Income 175884
Community Features Gated
County Los Angeles
Net Operating Income 132659
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Walter's Moneta Ave and Figueroa St Tract
Garage Y/N false
Full Baths 0
Special Listing Conditions Short Sale
Status Active
Buyer Financing Cash Conventional
Directions East of the 110 Freeway west of Broadway south of Vernon Ave north of Slauson Ave
City Los Angeles
Entry Location Ground Level w/steps
Senior Community Y/N false
High School District Los Angeles Unified
Open Parking Spaces 0
Number Of Units Total 6
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 5510
Carport Spaces 0
Number of Units Leased 6
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Property Condition Updated/Remodeled
Additional Parcels Y/N false
Rent Control Y/N true
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Cap Rate 8.04
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Interior
Interior Amenities Recessed Lighting
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Stacked
Total Bedrooms 16
Total Baths 7
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Exterior
Parking Features None
Total Parking 0
Lot Size Area 5510
Number of Buildings 2
Spa false
Building Area Total 5193
Lot Dimensions 50 x 110
Lot Size Acres 0.1265
Private Pool false
Number of Separate Gas Meters 6
Number of Separate Electric Meters 6
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* Excluded Features
List By
Nicholas Hedberg

Listing Agent

Beverly & Company Luxury Properties

Broker

info@wesellhousesla.com

Email

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$10,418
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Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/1/2026$1,650,000 Listed Price

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324 W 51st Street, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $1,650,000 with 5,193 sqft and a lot size of 0.1265. 324 W 51st Street has 16 bedrooms, 2.0 baths, and was built in 1922. The property's zip code is 90037 which is in Los Angeles, CA

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