532 W 51st Street
Los Angeles, CA, 90037 $ 1,245,000
Bedrooms12 Baths3.0 Sq 3,326 Monthly Estimate*
$ 8,599
Listed by Farhoud Bastanfar, Keller Williams Encino/Sherman Oaks, fred@cgnusa.com
for $1,245,000 with 12 bedrooms and 3 full baths. This 3,326 square foot home was built in 1965 on a lot size of 0.1264.
** REMODELED and DELIVERED VACANT with 9.12%+ PROJECTED CAP RATE. Rare turnkey 4-unit property with 12 BD / 8 BA, fully remodeled and delivered vacant, minutes from USC and Downtown LA. Projected gross rents are $11,700/month ($140,400/year), a return that's hard to find in today's LA market. The mix is a 4+3, two 3+2s, and a 2+1, including a brand-new 2026 ADU. Upgrades include a new roof, stucco, paint, electrical, plumbing, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and upgraded baths, with zero deferred maintenance, so there's no capital expense eating into your return. Set your rents and choose your tenants from day one. Ideal for market-rate rentals, student housing, senior care, or a licensed care facility (buyer to verify). Owner-users can live in one unit and rent the other three. BD/BA count may differ from recorded title. Buyer to verify all information.
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FeaturesGeneralLiving Area 3326
Heating Heat Pump
Appliances Disposal
Zoning LARD2
Year Built 1965
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Gross Income 140400
County Los Angeles
Net Operating Income 113567
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Between Figueroa and Hoover
City Los Angeles
Senior Community Y/N false
Number Of Units Total 4
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 5504
Standard Status Active
Cap Rate 9.12
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InteriorTotal Stories 2
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 12
Total Baths 8
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ExteriorParking Features None
Total Parking 4
Lot Size Area 5504
Number of Buildings 1
Building Area Total 3326
Lot Size Acres 0.1264
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByFarhoud BastanfarListing Agent
Keller Williams Encino/Sherman OaksBroker
Affordability Calculator
- Monthly Principal & Interest
- $8,599
- Monthly Property Taxes
- --
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,962,247
Percent of Sale Price 58%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/5/2026 | $1,245,000 | | Listed Price |