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

$782,000 Sold Price as of 04/04/2024
  • 7 Beds
  • 4 Baths
  • 2,873 Sq.Ft.
Sold
$782,000 Sold Price as of 04/04/2024 Refinance Your Mortgage
Map preview of 532 W 51St St, Los Angeles, CA 90037

Property Overview: 532 W 51St St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,873 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: Great investment property with an excellent cap rate after repairs. Total FIXER. Three units consisting of of 3/2, 2/1, 2/1 each with a single car garage. Desired development zoning RD2. Cash or Hard Money offers only. Sold "As Is" and delivered vacant. This is a true handyman special.

Listed by Qubie Vazquez | BRE #01944844 | Coldwell Banker Realty
Last checked: 13 minutes ago | Last updated: April 5th, 2024 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,504
HOA Dues
$0/mo
Year built
1965
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
SB24053528
City
Los Angeles
County
Los Angeles
Time on Site
112 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 13%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $109,200
  • Net Operating Income: $84,577
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $24,623
  • New Taxes: $12,623
  • Trash: $1,200
  • Gardener: $1,200
  • Insurance: $2,400
  • Professional Management: $5,400
  • Water/Sewer: $1,800

Property Details for 532 W 51St St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Concrete
  • Main Floor Bedroom
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Unfurnished
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Shingle
  • Lighting
  • Has Fence
  • Chain Link, Wood
  • 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: 3
  • Has Parking
  • Parking Features: Garage, Garage - Single Door, Garage - Three Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5001032005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Private
  • Utilities: Electricity Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: West of Figueroa and 51st St.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 532 W 51St St

Last sold for $782,000 on April 4th, 2024

  • April, 2024

  • Apr 4, 2024

    Date

    Sold

    CRMLS: SB24053528

    $782,000

    Price

  • Mar 17, 2024

    Date

    Active

    CRMLS: SB24053528

    $675,000

    Price

Tax History for 532 W 51St St

Assessed Value (2020): $70,336
Year Land Value Improved Value Assessed Value
2020 $22,613 $47,723 $70,336

Home Value Compared to the Market

This property vs the competition

532 W 51St St sold on April 4, 2024 for 43.49% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $250.61 per/sqft which puts the price per square foot 68.32% lower than the current median sale per square foot for the city of Los Angeles.

About 532 W 51St St

Detailed summary of property

532 W 51St St is a triplex that recently sold in Los Angeles, CA 90037. This triplex offered 7 bedrooms, 4 bathrooms, roughly 2,873 living square feet, and sits on an approximately 5,504 square foot lot. 532 W 51St St was first listed on ArdentRealEstateGroup.com on March 17, 2024. The homeowner sold the property for $782,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 43.49% lower than the current median priced home. Local homes that are currently for sale include 6211 S Broadway, 837 W Gage Ave and 1020 W 61St St. While the average home in Los Angeles, CA is selling in 102 days, 532 W 51St St has a days on market of 7 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 532 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 532 W 51St St

Public county record property details
Beds
6
Baths
3
Year built
1965
Sq. Ft.
2,873
Lot Size
5,503
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5001-032-005

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
$699,999
Median List Price/Sq.Ft.
$483
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
30
Median Sale to List Price %
103.45%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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

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Recently Sold Homes Near 532 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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