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1541 E 51St St #1, Los Angeles, CA 90011
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1541 E 51St St #1 Los Angeles, CA 90011

$949,000
  • 8 Beds
  • 4 Baths
  • 3,036 Sq.Ft.
For Sale
$949,000 Get Pre-Qualified
Map preview of 1541 E 51St St #1, Los Angeles, CA 90011

Property Overview: 1541 E 51St St #1 Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,036 living square feet and 5,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Sabina Yi | BRE #01964836 | Keller Williams Beverly Hills
Co-listed by Shawn S. Kormondy | BRE #01451888 | Keller Williams Beverly Hills
Last checked: 11 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
5,000
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24375173
City
Los Angeles
County
Los Angeles
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $638
  • Total Rent: $638
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $623
  • Total Rent: $623
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 15.47
  • Gross Scheduled Income: --
  • Net Operating Income: $40,283
  • Gross Operating Income: $61,332
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1541 E 51St St #1

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Property Details for 1541 E 51St St #1

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split, Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Gated, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5106023029
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On 51st St between Compton Ave and Long Beach Ave
View more facts & features

Local Los Angeles Agent

Sale History for 1541 E 51St St #1

Last sold for $705,000 on June 30th, 2020

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24375173

    $949,000

    Price

  • July, 2020

  • Jul 5, 2020

    Date

    Sold

    CRMLS: PW20038110

    $705,000

    Price

  • Jun 5, 2020

    Date

    Withdrawn

    CRMLS: PW20038110

    $745,000

    Price

  • May 27, 2020

    Date

    Pending

    CRMLS: PW20038110

    $745,000

    Price

  • Mar 4, 2020

    Date

    Price Change

    CRMLS: PW20038110

    $745,000

    Price

  • Feb 23, 2020

    Date

    Active

    CRMLS: PW20038110

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION INVESTORS Potential income property in a great area near the downtown LA area, excellent to buy, sold as-is condition no credit from the seller. All units are in Separate gas and electric meters. Enough back yard 8 CAR PARKING. Close to shopping, transportation, library, and the Police Department. listing broker relates to the owner.

  • June, 2020

  • Jun 26, 2020

    Date

    Sold (Public Records)

    Public Records

    $705,000

    Price

  • April, 2020

  • Apr 1, 2020

    Date

    Expired

    CRMLS: PW20031236

    $1,650

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: PW20031236

    $1,650

    Price

  • Mar 23, 2020

    Date

    Hold

    CRMLS: PW20031236

    $1,650

    Price

  • Mar 4, 2020

    Date

    Price Change

    CRMLS: PW20031236

    $1,650

    Price

  • Feb 23, 2020

    Date

    Active

    CRMLS: PW20031236

    $1,800

    Price

  • Feb 23, 2020

    Date

    Hold

    CRMLS: PW20031236

    $1,800

    Price

  • Feb 23, 2020

    Date

    Price Change

    CRMLS: PW20031236

    $1,800

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: PW20031236

    $1,650

    Price

  • Listing provided courtesy of CRMLS

    LISTING INFORMATION: 1541 E 51st St, Los Angeles, CA 90001 $1650 Monthly $1650 Deposit Two Bedroom One Bathroom Kitchen with stove included New Hardwood floor. Showing Schedule will 3/7/20 THIS Sat. @ 12 pm. ( confirm text required) Please confirm the text to Jay Kang before the date, if you want to show.

  • July, 2018

  • Jul 26, 2018

    Date

    Leased

    CRMLS: PW18154087

    $1,650

    Price

  • Jul 16, 2018

    Date

    Withdrawn

    CRMLS: PW18154087

    $1,900

    Price

  • Jul 16, 2018

    Date

    Price Change

    CRMLS: PW18154087

    $1,900

    Price

  • Jul 10, 2018

    Date

    Pending

    CRMLS: PW18154087

    $1,650

    Price

  • Jun 27, 2018

    Date

    Active

    CRMLS: PW18154087

    $1,650

    Price

  • Listing provided courtesy of CRMLS

    New carpet & paint 2 bed 1 bath unit on 1st floor. 2 Car parking in a row on back yard. Due south of downtown LA. Tenant pays, electric, gas, cable, phone. Landlord pays water. Credit report fee $30 paid by tenant. EMAIL: [email protected] 213-923-6689 ***Agent will be there to showing the unit this Sat. 6/30/2018 11 am -12 pm****

  • June, 2018

  • Jun 26, 2018

    Date

    Sold

    CRMLS: 18302964

    $535,000

    Price

  • Feb 23, 2018

    Date

    Active Under Contract

    CRMLS: 18302964

    $549,000

    Price

  • Jan 12, 2018

    Date

    Active

    CRMLS: 18302964

    $549,000

    Price

  • Listing provided courtesy of CRMLS

    OVERBID HEARING: The date and time of the hearing on the sale of the property is: Thursday, May 31, 2018 at 11:00 AM in Courtroom 5C of the Ronald Reagan Federal Building and Courthouse located at 411 W. 4th Street Santa Ana, CA 92701. The property is being sold where is/as is, without any representations or warranties. The starting bid is $545,000. Subsequent overbids must be in increments of at least $5,000. Any prospective over-bidder must submit by May 29, a cashier's check in the amount of $26,500., (the Overbid Deposit), payable to Granite Escrow. Contact Listing Agent for full Overbid Instructions. This Multi-Family is located in Vernon, in the Central Alameda neighborhood of Los Angeles, CA 90011. All units are rent-controlled and have an occupancy rate of 100%. Its approximately 3,036 square feet and was built in 1961, per the title report. Please call Listing agent for more information.

  • June, 2018

  • Jun 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $535,000

    Price

Show More

Tax History for 1541 E 51St St #1

Assessed Value (2020): $655,452
Year Land Value Improved Value Assessed Value
2020 $364,140 $291,312 $655,452

Home Value Compared to the Market

This property vs the competition

1541 E 51St St #1 is listed 24.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $312.58 per/sqft which puts the price per square foot 59.93% lower than the median price per square foot for the city of Los Angeles.

About 1541 E 51St St #1

Detailed summary of property

1541 E 51St St #1 is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 3,036 living square feet, and sits on an approximately 5,000 square foot lot. 1541 E 51St St #1 was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner is currently asking $949,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24.08% lower than the median priced home. Local competing homes currently for sale include 1623 E 33rd St, 1537 E 33rd St and 6418 Makee Ave. While the average home in Los Angeles, CA is selling in 93 days, 1541 E 51St St #1 has a days on market of 49 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1541 E 51St St #1 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 1541 E 51St St #1

Public county record property details
Beds
8
Baths
4
Year built
1961
Sq. Ft.
3,036
Lot Size
4,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
70
APN
5106-023-029

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
$649,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
43
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Recently Sold Homes Near 1541 E 51St St #1

5110 Compton Ave, Los Angeles, CA 90011
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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