324 W 51st Street
Los Angeles, CA 90037
16
Bed
7
Bath
5,193Sqft
5,510Sqft(Lot)
Renovated six-unit income property in South Park (South LA). Short sale, subject to lender approval. The 1922 front building was remodeled under 2021-22 LADBS permits into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs have a 2023 Certificate of Occupancy. Renovated kitchens with shaker cabinets, stainless appliances, built-in microwaves and vinyl plank floors. Mini-split heat and AC in every unit. The four front units have dishwashers and in-unit stacked laundry. Gas and electric are separately metered. Water is submetered. Tenants pay gas, electric and trash. Five units also pay water. All six units are leased at $14,657 per month. Four leases began in 2026. 8.0% cap rate and 9.4 GRM at list price on broker-estimated expenses. The front buildi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 16Bathroom Information
Total Baths: 7Flooring Information
Vinyl -
Interior Features
RecessedLightingAppliances: Dishwasher, Microwave, Refrigerator, Dryer, WasherLaundry Features: Stacked -
Heating & Cooling
Has Heating: Yes Heating: HeatPump Has Cooling: Yes Cooling: HeatPump
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Building Information
Year Built: 1922Building Area Total: 5193Construction Materials: StuccoStories: 2Patio And Porch Features: NonePool Features: NonePrivate Pool: NoView: None
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Lot Information
Lot Dimensions: 50 x 110 Main Square Feet: 5510 Lot Size Acres: 0.1265 Lot Size Square Feet: 5,510Property Information
Subdivision: Walter's Moneta Ave and Figueroa St Tract Source Property Type: ResidentialIncome Postal Code Plus 4: 3817 Levels: Two Property Age: 104
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Listing Price Information
Listing Price: $1650000Cash, Conventional
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Tax Information
Parcel Number: 5110027007
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Virtual Tour
Parking Information
None
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Location Information
Direction: East of the 110 Freeway, west of Broadway, south of Vernon Ave, north of Slauson Ave Security Features: CarbonMonoxideDetectors,GatedCommunity,SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1171 W 38th Street, Los Angeles, CA, 90037 | $699,900 | 1 | 1 | -- | 6,212 Sq. Ft |
| 927 W 48th Street, Los Angeles, CA, 90037 | $838,000 | 6 | 3 | 1,912 | 6,765 Sq. Ft |
| 232 W 40th Place, Los Angeles, CA, 90037 | $1,150,000 | 7 | 4 | 2,060 | 6,529 Sq. Ft |
| 146 W Vernon, Los Angeles, CA, 90037 | $1,049,999 | 8 | 4 | -- | 6,076 Sq. Ft |
| 233 W 42nd #1, Los Angeles, CA, 90037 | $875,000 | 7 | 4 | -- | 4,842 Sq. Ft |
| 134 W 49th, Los Angeles, CA, 90037 | $888,999 | 8 | 3 | -- | 5,445 Sq. Ft |
| 3830 S Figueroa Street, Los Angeles, CA, 90037 | $2,000,000 | 5 | 3 | -- | 7,010 Sq. Ft |
| 348 W Vernon Avenue, Los Angeles, CA, 90037 | $775,000 | 3 | 4 | 2,940 | 5,004 Sq. Ft |
| 242 W 58th, Los Angeles, CA, 90037 | $599,000 | 3 | 2 | -- | 4,842 Sq. Ft |
| 4512 S Figueroa, Los Angeles, CA, 90037 | $750,000 | 4 | 2 | 2,205 | 6,762 Sq. Ft |
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Nearby For Sale
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ByOwner last updated this listing 10/10/2026 @ 19:52
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