Price Reduced Listing
$1,595,000
 $8,562 est/mo Sourced by Back At You

324 W 51st Street,Los Angeles, CA 90037

Los Angeles, CA 90037

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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.

Details

MLS #26994983
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site23
Listing Provided ByBeverly & Company Luxury Properties | Nicholas Hedberg

Features

Bed(s)16
Bath(s)7
SQ Feet5,193
Story(s)2
Units6
Building(s)2
ZoningLARD2
Acreage0.13
Property ViewNone

Interior

CoolingHeat Pump
HeatingHeat Pump
Heating Yes / NoYes
Cooling Yes / NoYes
Interior FeaturesRecessed Lighting
AppliancesDishwasher, Microwave, Refrigerator, Dryer, Washer
Fireplace Yes / NoNo

Exterior

Security FeaturesCarbon Monoxide Detectors, Gated Community, Smoke Detectors
Construction MaterialsStucco

Parking

Parking FeaturesNone
Garage Yes / NoNo

Utilities

SewerSewer Tap Paid

Location

Community FeaturesGated

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Community NameWalter's Moneta Ave and Figueroa St Tract
Listing VS Median (in Walter's Moneta Ave and Figueroa St Tract)
Price:
$1,595,000
low | high
Med:
$1,595,000
50% of Average
sqft:
5,193
low | high
Med:
5,193
50% of Average
$ / sqft:
$307
low | high
Med:
$307
50% of Average
On site:
23
low | high
Med:
23
100% of Average
Sourced by Back At You

Market Activity 90037

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90037
AreaC42 Downtown L.A.
Community NameWalter's Moneta Ave and Figueroa St Tract
Listing VS Median (in Walter's Moneta Ave and Figueroa St Tract)
Price:
$1,595,000
low | high
Med:
$1,595,000
50% of Average
sqft:
5,193
low | high
Med:
5,193
50% of Average
$ / sqft:
$307
low | high
Med:
$307
50% of Average
On site:
23
low | high
Med:
23
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.196M - $1.993M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
443 W 49th Property Photo 1
$1,199,000
443 W 49th
Los Angeles, CA 90037
Listing Updated: October 23, 2026 at 11:42:58 AM PDT