1518 E 51st St Los Angeles, CA 90011

$945,000 Sold Price as of 01/30/2019

8 Beds
4 Baths
2,694 Sq.Ft.

Off Market

$945,000 Sold Price as of 01/30/2019 Refinance Your Mortgage

Map preview of 1518 E 51st St, Los Angeles, CA 90011

Property Overview: 1518 E 51st St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,694 living square feet and 5,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1518 E 51st St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1518 E 51st St

Last sold for $945,000 on January 30th, 2019

January, 2019
Jan 30, 2019

Date

Sold

CRMLS: PW18280532

$945,000

Price
Jan 9, 2019

Date

Pending

CRMLS: PW18280532

$945,000

Price
Dec 5, 2018

Date

Price Change

CRMLS: PW18280532

$945,000

Price
Nov 27, 2018

Date

Active

CRMLS: PW18280532

$1,050,000

Price
Listing provided courtesy of CRMLS

Fantastic Investment opportunity!!!! This well maintained apartment building consists of 4 units each with 2 bedrooms and 1 bath with an onsite laundry facility (4 coin operated washer/dryer). All units are at current market rate bringing in a 8.27% Cap rate with a 3% increase per year. All units were redone with laminate wood flooring, new range, hood, garbage disposal, air conditioning/heating, and ceiling fan.

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January, 2019
Jan 30, 2019

Date

Sold (Public Records)

Public Records

$945,000

Price
August, 2018
Aug 10, 2018

Date

Sold

CRMLS: PW18158594

$610,000

Price
Jul 28, 2018

Date

Pending

CRMLS: PW18158594

$649,000

Price
Jul 11, 2018

Date

Price Change

CRMLS: PW18158594

$649,000

Price
Jul 2, 2018

Date

Active

CRMLS: PW18158594

$699,000

Price
Listing provided courtesy of CRMLS

Great investment opportunity! This well maintained apartment building consist of 4 units each with 2 bedroom and 1 bath and a separate onsite laundry facility located at the rear of the building. The building has an electric security gate for easy parking access and ample parking for each unit. The property is in a up and coming neighborhood with the potential to raise rents up to 3% per year.

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August, 2018
Aug 10, 2018

Date

Sold (Public Records)

Public Records

$610,000

Price

Tax History for 1518 E 51st St

Assessed Value (2020): $964,620

Year	Land Value	Improved Value	Assessed Value
2020	$561,000	$403,620	$964,620

About 1518 E 51st St

Detailed summary of property

1518 E 51st St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90011 and last sold on January 30, 2019 for $945,000. This property has 8 bedrooms, 4 bathrooms, roughly 2,694 living square feet, and sits on an approximately 5,400 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.62% lower than the current median priced home. 1518 E 51st St was last sold on January 30, 2019 for $945,000. Local nearby listings include 634 E 52nd Pl, 626 E 54th St and 1748 E 66th St. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 1518 E 51st St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1518 E 51st St

Public county record property details

Beds: 8
Baths: 4
Year built: 1961
Sq. Ft.: 2,694
Lot Size: 5,400
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5106-025-004

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$625,000

Median List Price/Sq.Ft.

$531

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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