1541 East 51st Street
1541 East 51st Street
$949,000
8
4
3,036
3,036
$313
Description
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 has just completed renovations and will be delivered vacant and ready to be rented out. Landlord can also vacate a 2nd unit by close of escrow. Live in one unit while collecting rents! Rents can be increased June 2024. Property also includes new roof (2022), individual...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 has just completed renovations and will be delivered vacant and ready to be rented out. Landlord can also vacate a 2nd unit by close of escrow. Live in one unit while collecting rents! Rents can be increased June 2024. 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.
- Listed by Sabina Yi • DRE #01964836 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
- Listed by Shawn S. Kormondy • DRE #01451888 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
Property Details for 1541 East 51st Street
Zoning
LAR2
StyleTraditional
Parcel Number5106023029
Total Units4.0
Living Area3036
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate25%
Location
LISTING UPDATED: 05/14/2024 11:26 AM
Property Details for 1541 East 51st Street
Status | Active |
---|---|
MLS # | 24-375173 |
Days on Market | 53 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.11 AC / 5,000 SF |
County | Los Angeles County |
Location
Building Information for 1541 East 51st Street
Stories2Residences-Year Built1961Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$5,179 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1541 East 51st Street
Property History for 1541 East 51st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1541 East 51st Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hooper Avenue Elementary School Public1 to 5 | ||
Los Angeles Academy Middle Public6 to 8 | ||
Thomas Jefferson Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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