• 1537 E 51st Street Los Angeles, CA 90011

  • $898,000
  • 8
    Bed(s)
  • 4
    Baths
  • 2,736
    Sq Ft
  • 5000
    Sqft
  • Listed By: Ronald Bentley, Equity Real Estate-Pacific Coast, DRE #01980299
  • Source: CRMLS

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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1063525228 4 8 4 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Asbestos Shingle

Windows: Double Pane Windows

Property Appliances: Electric Range,Gas Range

Fireplace: None

Flooring: Carpet,Tile

Heating Source

Natural Gas,Wall Furnace

Has Heating

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 2010

Building Area Total: 2,736

Construction: Stucco

Roof: Asbestos Shingle

Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1148

Lot Size Source: Assessor

Lot Size Square Feet: 5000

Listing Price Information

Original List Price: 898,000

Listing Contract Date: 2024-03-20

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5106023028

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active

Source Neighborhood: C42 - Downtown L.A.

Postal Code Plus 4: 5001

Directions: On E 51st St between Compton Ave and Long Beach Ave

Zoning: LAR2

Source Property Type: Residential Income

Area: C42 - Downtown L.A.

Property SubType: Duplex

Building and Construction

Property Age: 14

Common Walls: 1 Common Wall

Structure Type: Duplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: Front

Property Attached: Yes

Levels or Stories: One

Building Total Stories: 1

Homes around $898,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Residential Income, Los Angeles, CA,90011 $990,000 6 -- 2,302 4400 Sqft
606 E 51st Street, Los Angeles, CA,90011 $1,400,000 6 -- 2,870 9937 Sqft
876 -876 1/2 E 41st Place, Los Angeles, CA,90011 $739,900 6 3 2,112 6250 Sqft
4725 Compton Avenue, Los Angeles, CA,90011 $450,000 2 1 1,029 2731 Sqft
851 E 32nd Street, Los Angeles, CA,90011 $675,000 -- -- 2,400 5230 Sqft
802 E. 25th Street, Los Angeles, CA,90011 $824,999 5 1 2,026 163437120 Sqft
2808 Maple Avenue, Los Angeles, CA,90011 $650,000 2 -- 1,072 4800 Sqft
209 E 31st Street, Los Angeles, CA,90011 $675,000 2 1 1,028 6280 Sqft
461 E 30th Street, Los Angeles, CA,90011 $775,000 -- -- 3,097 6244 Sqft
1598 E 46th Street, Los Angeles, CA,90011 $700,000 -- -- 1,794 5257 Sqft

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ByOwner last updated this listing 05/21/2024 @ 11:04

MLS: OC24056190
LISTED BY: Ronald Bentley, Equity Real Estate-Pacific Coast
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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