324 W 51st Street, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
324 W 51st Street,Los Angeles, CA 90037
$1,650,000
  • 16 Beds
  • 7 Baths
  • 5,193 sq. ft.
  • Multi-family
  • Active
Listed by: nicholas hedberg
Office: beverly & company luxury properties323-410-0848
MLS#:26994983
Source:CRMLS

Price summary

  • Price:$1,650,000
  • Price per sq. ft.:$317.74

About this home

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 building is under LA rent stabilization. The ADUs are exempt per LAHD. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage.

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Home facts

  • Year built:1922
  • Subdivision & Development:Walter's Moneta Ave and Figueroa St Tract
  • Listing ID #:26994983
  • Added:2 day(s) ago
  • Updated:October 04, 2026 at 10:38 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:7
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Microwave, Refrigerator
  • Living area:5,193 sq. ft.

Heating and cooling

  • Cooling:Heat pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1922
  • Building area:5,193 sq. ft.
  • Lot area:0.13 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Stucco
  • Levels:2 Story

Utilities

  • Sewer:Sewer Tap Paid

Finances and disclosures

  • Price:$1,650,000
  • Price per sq. ft.:$317.74

Features and amenities

  • Appliances:Dishwasher, Dryer, Washer
  • Laundry features:Dryer, Stacked, Washer
  • Amenities:Carbon Monoxide (CO2) Detector, Recessed Lighting
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