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$898,000   Price Analysis
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1537 E 51st St
Los 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

This is a 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, 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.
Listing Agent Photo

Property MLS #OC24056190 from CRMLS

Bedrooms: 16

Appliances: Gas & Electric Range
Appliances YN: Yes

Full Bathrooms: 8

Heating Features: Natural Gas, Wall Furnace
Heating: Yes

Flooring: Carpet, Tile
Window Features: Double Pane Windows

Lot Description: Level with Street
Lot Size Acres: 0.1147842
Lot Size Source: Assessor
Lot Size Square Feet: 5000

Garage Spaces: 2
Parking Total: 4

Number of Units: 2
Bedrooms in Unit-1: 8
Total Bathrooms in Unit-1: 4
Unit-1 Garage Spaces: 2

Number of Units Leased: 2
Tenant Pays: Electricity, Gas

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1200.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 22
Parcel Number: 5106023028
Postal Code Plus 4: 5001
Trash Expense: 600.00
Zoning: LAR2
Source System Name: C2C

YearAssessments
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

Listed 2024-03-20
$898,000
CRMLS
Listing removed 2013-06-11
$494,000
CRMLS
Price Changed 2013-03-01
$494,000
CRMLS
Listed 2013-01-30
$519,900
CRMLS
Sold 2010-11-16
$480,000
SoCalMLS
Listing removed 2010-10-10
$510,000
SoCalMLS
Listing removed 2010-10-10
$510,000
ITECH
Sold 2010-09-30
$480,000
ITECH
Listed 2010-08-07
$490,000
ITECH
Listed 2010-08-07
$490,000
SoCalMLS
Listed 2010-07-09
$510,000
ITECH
Listed 2010-07-09
$510,000
SoCalMLS
Sold 2010-01-19
$90,000
ITECH
Listing removed 2009-12-28
$89,100
CRMLS
Listed 2009-12-23
$89,100
CRMLS
Listed 2009-12-22
$89,100
ITECH
Sold 1996-12-31
$135,000
Public Record
Sold 1988-11-29
$83,000
Public Record
Sold 1988-05-04
$57,500
Public Record

Net Operating Income: 57209.00

Total Square Feet Living: 2736
Year Built: 2010
Building Features: 1
Common Walls: 1 Common Wall
Construction Materials: Stucco
Entry Level: 1
Entry Location: Front
Property Age: 14
Property Attached: Yes
Roof: Asbestos Shingle
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor

Electric Expense: 600.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Electricity Connected
Sewer Connected
Water Source: Public

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.