1541 51st Street, Los Angeles

$949,000

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8

Beds

4

Baths

3,036

Square feet

0.11

Acres

About 1541 51st Street

Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/1BA, with four uncovered parking spaces in the back. Unit 4 has just completed renovations and will be delivered vacant and ready to be rented out. Landlord can also vacate a 2nd unit by close of escrow. Live in one unit while collecting rents! Rents can be increased June 2024. Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.

Features of 1541 51st Street

MLS® # 24375173
Price $949,000
Bedrooms 8
Bathrooms 4.00
Square Footage 3,036
Acres 0.11
Year Built 1961
Type Residential Income
Style Traditional
Status Active

Community Information

Address 1541 51st Street
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90011

Amenities

Parking Spaces 4
Parking Gated, Uncovered
Garages Gated, Uncovered
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Refrigerator
Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two, Multi/Split

Additional Information

Date Listed April 1st, 2024
Days on Market 49
Zoning LAR2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSabina Yi
OfficeKeller Williams Beverly Hills

Listing Map

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