$899,000 Price Analysis 1541 E 51st StLos Angeles, CA 90011 8 bed 4 bath 3,036 SqFt ($296/SqFt) 5,000SqFt lot. Built 1961 Listed 2024-04-01 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 completed renovations and has now recently been rented out. Landlord can vacate Unit 1 by close of escrow.
Live in one unit while collecting rents. 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 minutes from USC, DTLA and many prks and museums nearby, along with many restaurants and shops and easy access to freeways and transportation.
Presented by Sabina Yi at
Keller Williams Beverly Hills.
Property MLS #24-375173 from TheMLSCLAW
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.