$898,000 Price Analysis 1537 E 51st StLos Angeles, CA 90011 16 bed 8 bath 2,736 SqFt ($328/SqFt) 5,000SqFt lot. Built 2010 Listed 2024-03-20, Taxes $6,957 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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, low turn over. Priced for a cap rate of 6%+ Security gate across the driveway.
Current rents are below market. Contemporary owner could raise them and increase the cap rate. Current management company would like to remain in place but it is not required.
Presented by Ron Bentley at
Equity Real Estate Oc Coastal.
Property MLS #OC24056190 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $122,292 + $439,083 $561,375 | $6,957 |
2021 | $119,895 + $430,474 $550,369 | $6,862 |
2020 | $118,666 + $426,061 $544,727 | $6,927 |
2019 | $116,340 + $417,707 $534,047 | $6,661 |
2018 | $114,059 + $409,517 $523,576 | $6,545 |
2017 | $111,823 + $401,488 $513,311 | $6,403 |
2016 | $109,631 + $393,616 $503,247 | $6,236 |
2015 | $107,985 + $387,704 $495,689 | $6,147 |
2014 | $105,870 + $380,110 $485,980 | $6,176 |
2013 | $105,392 + $378,393 $483,785 | $6,177 |
2012 | $103,326 + $370,974 $474,300 | $6,258 |
2010 | $101,300 + $363,700 $465,000 | $1,378 |
2009 | $68,300 + $101,900 $170,200 | $2,163 |
2009 | $37,100 + $57,700 $94,800 | $2,163 |
2008 | $72,522 + $108,242 $180,764 | $2,239 |
2007 | $71,100 + $106,120 $177,220 | $2,162 |
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.