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$949,000   Price Analysis
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1541 E 51st St
Los Angeles, CA 90011
8 bed 4 bath 3,036 SqFt ($312/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 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 h eater. 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 lcated minutes from USC, DTLA and many parks 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

Bedrooms: 8

Total Bathrooms: 4
Full Bathrooms: 4

Heating Features: Wall

Lot Size Acres: 0.1147842
Lot Size Source: Assessor
Lot Size Square Feet: 5000

Garage Description: Gated, Uncovered
Parking Total: 4

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2300, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2300, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2300, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2300

Source Listing Status: Active
County: Los Angeles
Cap Rate: 4.2
Directions: On 51st St between Compton Ave and Long Beach Ave
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5106-023-029
Postal Code Plus 4: 5052
Zoning: LAR2
Source System Name: C2C

Listed 2024-04-01
$949,000
TheMLSCLAW
Listing removed 2019-12-11
$650,000
PasadenaPFAR
Listing removed 2006-08-25
$650,000
PasadenaPFAR
Listed 2006-02-24
$650,000
PasadenaPFAR

Net Operating Income: 40283

Total Square Feet Living: 3036
Year Built: 1961
Levels: Multi Levels, Two Level
Living Area Source: Assessor
Property Age: 63
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Vendor Enhanced
Architectural Style: Traditional

Other Equipment: Built-Ins, Range/Oven, Refrigerator, Dishwasher
Security Features: Gated

Hooper Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
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Nava College Preparatory Academy is a public high school located approximately 0.9 miles away.
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Los Angeles Academy Middle is a public middle school located approximately 1.1 miles away.
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St. Odilia Elementary School is a private elementary and middle school located approximately 0.3 miles away.
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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.