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416 W 51st St, Los Angeles, CA 90037
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416 W 51st St Los Angeles, CA 90037

$600,000 Sold Price as of 05/14/2021
  • 5 Beds
  • 4 Baths
  • 2,518 Sq.Ft.
Sold
$600,000 Sold Price as of 05/14/2021 Refinance Your Mortgage
Map preview of 416 W 51st St, Los Angeles, CA 90037

Property Overview: 416 W 51st St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,518 living square feet and 5,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Vermont square an up and coming neighborhood zoned LARD2, and within minutes to Downtown Los Angeles. This triplex income property has an extra unit for a total of four units. This brings an incredible opportunity for value-add investors, cashflow investors, buy and hold investors, or you can “house hack” by living in one unit and renting out the other three units. In addition, it has great potential for rent growth & accessory dwelling unit conversion for substantial upside with the existing use. The first unit is a spacious 2 bedroom 2 bath with a basement. The second unit is a 1 bedroom 1 bathroom, and the third unit is VACANT with 1 bedroom and 1 bath. The fourth extra unit is a 1 bed and 1 bath. There is vast amounts of parking space on the lot, enough for all 3 occupants to park their cars with seamless access to the driveway. Also, the backyard is huge and has a 2 car garage that can potentially be converted into an accessory dwelling unit. This neighborhood is yet to be unlocked and explode in value in Los Angeles and it’s centrally located near the University of Southern California, The iconic LA Memorial Coliseum, LAFC stadium, major freeways 110, 10, 105, stores & shops, and minutes away from the vibrant DTLA.

Listed by Lenny Figueroa | BRE #01954027 | Keller Williams Coastal Prop.
Last checked: 9 minutes ago | Last updated: April 13th, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
5,504
HOA Dues
$0/mo
Year built
1908
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW20252325
City
Los Angeles
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,135
  • Total Rent: $1,135
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $475
  • Total Rent: $475
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 416 W 51st St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Basement
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Garage - Two Door
Lot Information
  • Lot Features: Corner Lot, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5001033001
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is not Attached
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Flower & 51st
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 416 W 51st St

Last leased for $2,350 on April 13th, 2022

  • April, 2022

  • Apr 13, 2022

    Date

    Leased

    CRMLS: TR22062712

    $2,350

    Price

  • Mar 29, 2022

    Date

    Active

    CRMLS: TR22062712

    $2,350

    Price

  • Listing provided courtesy of CRMLS

    This 3-bedroom, 2-bathroom Condo is now available in Los Angeles for immediate move in. Wood flooring throughout. Large living room. Kitchen has plenty of cabinet storage space and includes stove-top/oven, microwave, refrigerator and dishwasher all stainless-steel appliances. Stackable washer and dryer included. Master bedroom has private bathroom and large closet. The 2 other bedrooms are very spacious with plenty of closet space. 1 assigned parking spot. This property is located near an Elementary School, Park and many restaurants and shopping centers.

  • May, 2021

  • May 14, 2021

    Date

    Sold

    CRMLS: PW20252325

    $600,000

    Price

  • Apr 15, 2021

    Date

    Pending

    CRMLS: PW20252325

    $490,000

    Price

  • Mar 31, 2021

    Date

    Active

    CRMLS: PW20252325

    $490,000

    Price

  • Feb 11, 2021

    Date

    Pending

    CRMLS: PW20252325

    $490,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: PW20252325

    $490,000

    Price

Show More

Tax History for 416 W 51st St

Assessed Value (2020): $297,161
Year Land Value Improved Value Assessed Value
2020 $162,088 $135,073 $297,161

Home Value Compared to the Market

This property vs the competition

416 W 51st St sold on May 14, 2021 for 56.25% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $194.6 per/sqft which puts the price per square foot 73.12% lower than the current median sale per square foot for the city of Los Angeles.

About 416 W 51st St

Detailed summary of property

416 W 51st St is a triplex that recently sold in Los Angeles, CA 90037. This triplex offered 5 bedrooms, 4 bathrooms, roughly 2,518 living square feet, and sits on an approximately 5,504 square foot lot. 416 W 51st St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $600,000. Home 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 56.25% lower than the current median priced home. Local homes that are currently for sale include 627 E 49th St, 244 W 66th St and 443 W 71st St. While the average home in Los Angeles, CA is selling in 106 days, 416 W 51st St has a days on market of 79 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 416 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 416 W 51st St

Public county record property details
Beds
--
Baths
--
Year built
1908
Sq. Ft.
2,518
Lot Size
5,503
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
5001-033-001

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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 416 W 51st St

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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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