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324 W 51st Street Los Angeles, CA 90037
5,193 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,193 sqft
Price per Sqft $307
MLS Listing ID CL26994983
HOA Y/N No
Year Built 1922
Lot Size 5,510 Sqft
Acres 0.1265
Property Sub-Type Other
Property Description
Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. 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. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Vinyl
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Exterior
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 5110027007
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Nicholas Hedberg • Beverly & Company Luxury Properties