1537 East 51st Street

Los Angeles, CA 90011

$898,000
Price
8
Beds
8
Baths
2,736 Sq. Ft.
$328 / Sq. Ft.
2,736
Sq. Ft.
$328
per Sq. Ft.

Description

This is a very desirable duplex. It features 2 units, each with 4 bedrooms and 2 bathrooms. There is also a separate 2 car Garage. It's been fully rented for years, very low turn over. Priced for a cap rate of 6%+ Security gate across the driveway. Current rents are below market. New owner could raise them and increase the cap rate. Current management company would like to remain in place but it is not required.This is a very desirable duplex. It features 2 units, each with 4 bedrooms and 2 bathrooms. There is also a separate 2 car Garage. It's been fully rented for years, very low turn over. Priced for a cap rate of 6%+ Security gate across the driveway. Current rents are below market. New owner could raise them and increase the cap rate. Current management company would like to remain in place but it is not required.
  1. Listed by Ronald Bentley • DRE #01980299 • Brokerage DRE #01932488 • Equity Real Estate-Pacific Coast • ronb@equity-usa.com

Property Details for 1537 East 51st Street

Parking Spaces Total
4
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2736
Assessor Parcel Number
5106-023-028
Property Attached YN
true

Location

Listing Courtesy of Equity Real Estate-Pacific Coast, Ronald Bentley, DRE #01980299
Add your commute
LISTING UPDATED: 03/20/2024 11:37 PM

Property Details for 1537 East 51st Street

StatusActive
MLS #OC24056190
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size0.11 AC / 5,000 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Real Estate-Pacific Coast, Ronald Bentley, DRE #01980299
Add your commute

Building Information for 1537 East 51st Street

Stories1Residences-Year Built2010Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$5,509 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,901

Property Taxes

$608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1537 East 51st Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,308
  • Gross Scheduled Income: $67,308
  • Net Operating Income: $57,209
Expense Details
  • Operating Expense: $10,099
  • Fuel Expense: $0
  • Electric Expense: $600
  • Insurance Expense: $1,200
  • Trash Expense: $600
  • Water Sewer Expense: $0
  • Total Expenses: $2,400
Tax / Assessment Info
  • Tax Tract Number: 2288
  • Tax Census Tract: 2288.00
  • CFD/Mello-Roos Fee: $422
  • Tax Lot: 69
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas & Electric Range
  • Equipment: None
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Carpet, Tile
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Asbestos Shingle
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected
  • Electric: Electricity Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 8
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $67,308
  • Unit Type Total Rent: $67,308
  • Unit Type Pro Forma: 100800
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 0
  • Number With Range: 2

Property History for 1537 East 51st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1537 East 51st Street

Taxable ValueLand$447,864Additions$124,737Total$572,601
Tax Record2023$7,290 ($608 / month)
Home Facts
Total Finished SqFt2,736 SqFtAbove Grade Finished SqFt2,736 SqFtStories1Lot Size5,000 SqFtStyleDuplexYear Built2010ZoningLAR2CountyLOS ANGELESAPN5106-023-028

Schools near 1537 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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1537 East 51st Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on March 20, 2024 by Equity Real Estate-Pacific Coast, it's currently listed at $898,000. It has been on the market for a total of 41 days and was last sold on June 24, 2010. This listing's school district is Los Angeles Unified School District. Nearby schools include Hooper Avenue Elementary School, Los Angeles Academy Middle and Thomas Jefferson Senior High School. 1537 East 51st Street is a 8-bed, 8-bath, 2,736 sqft multi-family home built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Real Estate-Pacific Coast, Ronald Bentley, DRE #01980299

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.