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424 E 51St St, Los Angeles, CA 90011
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424 E 51St St Los Angeles, CA 90011

$1,200,000 Sold Price as of 05/16/2022
  • 8 Beds
  • 6 Baths
  • 3,423 Sq.Ft.
Sold
$1,200,000 Sold Price as of 05/16/2022 Refinance Your Mortgage
Map preview of 424 E 51St St, Los Angeles, CA 90011

Property Overview: 424 E 51St St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 3,423 living square feet and 10,051 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property consist of 6 units plus one non-confirming unit/storage. individually metered for gas and electric. Upgrade to the units and roof. All six units are occupied and will be sold with occupants. Coin Laundry on premises.

Listed by Danyella Broukhim | BRE #01840365 | Keller Williams Realty Calabasas
Co-listed by Justin Omid Monempour | BRE #01403877 | Justin Monempour
Last checked: 12 minutes ago | Last updated: May 17th, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
10,051
HOA Dues
$0/mo
Year built
1908
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
SR22067043
City
Los Angeles
County
Los Angeles
Time on Site
766 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $830
  • Total Rent: $830
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $956
  • Total Rent: $956
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $957
  • Total Rent: $957
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,008
  • Total Rent: $1,008
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $68,952
  • Net Operating Income: $47,250
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $240
Annual Expense Breakdown
  • Total Operating Expense: $21,700
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,400
  • Maintenance: $4,000
  • Professional Management: $1,200
  • Water/Sewer: $6,000

Property Details for 424 E 51St St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Convection Oven
Interior Features
  • Beamed Ceilings
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre, Front Yard, Garden, Level with Street, Level, Park Nearby, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5109023012
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: None
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: N. Slauson/ W. Avalon
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 424 E 51St St

Last sold for $1,200,000 on May 16th, 2022

  • May, 2022

  • May 16, 2022

    Date

    Sold

    CRMLS: SR22062015

    $1,200,000

    Price

  • Mar 28, 2022

    Date

    Active

    CRMLS: SR22062015

    $1,099,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2022

  • Apr 4, 2022

    Date

    Active

    CRMLS: SR22067043

    $1,099,000

    Price

  • June, 2014

  • Jun 20, 2014

    Date

    Sold (Public Records)

    Public Records

    $393,100

    Price

  • June, 2006

  • Jun 29, 2006

    Date

    Sold (Public Records)

    Public Records

    $635,000

    Price

Show More

Tax History for 424 E 51St St

Assessed Value (2020): $595,289
Year Land Value Improved Value Assessed Value
2020 $336,267 $259,022 $595,289

Home Value Compared to the Market

This property vs the competition

424 E 51St St sold on May 16, 2022 for 7.65% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $321.06 per/sqft which puts the price per square foot 57.48% lower than the current median sale per square foot for the city of Los Angeles.

About 424 E 51St St

Detailed summary of property

424 E 51St St is a mixed use that recently sold in Los Angeles, CA 90011. This mixed use property offered 8 bedrooms, 6 bathrooms, roughly 3,423 living square feet, and sits on an approximately 10,051 square foot lot. 424 E 51St St was first listed on ArdentRealEstateGroup.com on April 4, 2022. The homeowner sold the property for $1,200,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.65% lower than the current median priced home. Local homes that are currently for sale include 701 N Fickett St, 331 S Avenue 20 and 2323 Redondo Blvd #2. While the average home in Los Angeles, CA is selling in 93 days, 424 E 51St St has a days on market of 14 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 424 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 424 E 51St St

Public county record property details
Beds
8
Baths
6
Year built
1908
Sq. Ft.
3,423
Lot Size
10,050
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5109-023-012

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
$650,000
Median List Price/Sq.Ft.
$457
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
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%)

Thinking of Selling?

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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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