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317 W 51St St, Los Angeles, CA 90037
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317 W 51St St Los Angeles, CA 90037

$699,000
  • 8 Beds
  • 5 Baths
  • 2,614 Sq.Ft.
For Sale
$699,000 Get Pre-Qualified
Map preview of 317 W 51St St, Los Angeles, CA 90037

Property Overview: 317 W 51St St Los Angeles, CA has 8 bedrooms, 5 bathrooms, 2,614 living square feet and 7,367 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: Discover a hidden gem in the coveted South Los Angeles area, where location meets opportunity! Just minutes from USC and the bustling heart of Downtown LA, this two-story duplex is brimming with potential. One unit offers 6 beds generously sized bedrooms and 3 bathrooms, second unit is a 1 bed 1 bath. Making it ideal for investors, developers, or large families looking to create income-generating rentals. While this property is a fixer-upper, it's a blank canvas ready for transformation. With the right touch, you can unlock tremendous value and make this property a standout investment in one of LA's most desirable neighborhoods. Don't miss out on the chance to turn this diamond in the rough into a lucrative masterpiece!

Listed by Warren Nathan | BRE #02151088 | Keller Williams Beverly Hills
Last checked: 15 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
7,367
HOA Dues
$0/mo
Year built
1909
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430371
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 6
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $700
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $30,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 317 W 51St St

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Property Details for 317 W 51St St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Property Information
  • Total # of Units: 2
  • Parcel Number: 5110022006
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of the 110 highway, and West of Broadway.
View more facts & features

Local Los Angeles Agent

Sale History for 317 W 51St St

Last sold for $148,500 on October 29th, 2010

  • August, 2024

  • Aug 22, 2024

    Date

    Active

    CRMLS: 24430371

    $729,000

    Price

  • July, 2021

  • Jul 16, 2021

    Date

    Active

    CRMLS: BB21155839

    $775,000

    Price

  • Listing provided courtesy of CRMLS

    There is strong potential with this large 5 bedroom/2 bath front house and 1 bedroom/1 bath rear house duplex. If you are a buyer looking for a property that needs some tlc and has the possibility of income, take a look at this place and let your imagination run free.

  • October, 2010

  • Oct 29, 2010

    Date

    Sold (Public Records)

    Public Records

    $148,500

    Price

  • October, 2009

  • Oct 2, 2009

    Date

    Sold (Public Records)

    Public Records

    $201,852

    Price

Show More

Tax History for 317 W 51St St

Assessed Value (2020): $173,956
Year Land Value Improved Value Assessed Value
2020 $80,242 $93,714 $173,956

Home Value Compared to the Market

This property vs the competition

317 W 51St St is listed 41.75% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $267.41 per/sqft which puts the price per square foot 65.18% lower than the median price per square foot for the city of Los Angeles.

About 317 W 51St St

Detailed summary of property

317 W 51St St is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 8 bedrooms, 5 bathrooms, roughly 2,614 living square feet, and sits on an approximately 7,367 square foot lot. 317 W 51St St was first listed on ArdentRealEstateGroup.com on August 22, 2024. The homeowner is currently asking $699,000 and was originally asking $729,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 41.75% lower than the median priced home. Local competing homes currently for sale include 154 W 59th Pl, 860 W 54th St and 5871 Estrella. While the average home in Los Angeles, CA is selling in 106 days, 317 W 51St St has a days on market of 27 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 317 W 51St St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 317 W 51St St

Public county record property details
Beds
6
Baths
2
Year built
1909
Sq. Ft.
2,614
Lot Size
7,365
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
5110-022-006

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$688,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$626,228
Median Sold Price/Sq.Ft.
$437
Total Inventory
36
Median Sale to List Price %
125.5%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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