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

$854,000 Sold Price as of 08/30/2021
  • 8 Beds
  • 7 Baths
  • 3,535 Sq.Ft.
Sold
$854,000 Sold Price as of 08/30/2021 Refinance Your Mortgage
Map preview of 653 E 51St St, Los Angeles, CA 90011

Property Overview: 653 E 51St St Los Angeles, CA has 8 bedrooms, 7 bathrooms, 3,535 living square feet and 6,848 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention all first-time homebuyers, live in one unit and rent the other three! This is a great opportunity to be a landlord 653 E 51st, Los Angeles CA 90011. Is a 4 unit rental unit, 2 driveways, one the right one to the left, plenty of onsite parking. First unit has 3 bedrooms/2 baths. The second unit has 2bedroom/1bath. Third unit has 2bedroom/1bath. Fourth unit has 1bedroom/1bath. Close to public transportation, schools, shopping, major highways, adjacent to downtown LA. Beautiful front yard. Security gates for both driveways. Many upgrades, must see to appreciate. All tenants are on a month to month. Low maintenance.

Listed by Noe Blanco | BRE #01787137 | RE/MAX Alliance Group
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
6,848
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
IN21133303
City
Los Angeles
County
Los Angeles
Time on Site
1065 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,532
  • Total Rent: $1,532
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,012
  • Total Rent: $1,012
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,224
  • Total Rent: $1,224
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,028
  • Net Operating Income: $52,046
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,982
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,284
  • Insurance: $2,038
  • Water/Sewer: $660

Property Details for 653 E 51St St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5108012017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: East of Avalon Blvd.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 653 E 51St St

Last sold for $854,000 on August 30th, 2021

  • September, 2021

  • Sep 3, 2021

    Date

    Sold

    CRMLS: IN21133303

    $854,000

    Price

  • Jul 15, 2021

    Date

    Active Under Contract

    CRMLS: IN21133303

    $890,000

    Price

  • Jun 19, 2021

    Date

    Active

    CRMLS: IN21133303

    $890,000

    Price

  • October, 2010

  • Oct 27, 2010

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

  • May, 2007

  • May 3, 2007

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

Show More

Tax History for 653 E 51St St

Assessed Value (2020): $357,293
Year Land Value Improved Value Assessed Value
2020 $67,355 $289,938 $357,293

Home Value Compared to the Market

This property vs the competition

653 E 51St St sold on August 30, 2021 for 25.21% 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 $251.77 per/sqft which puts the price per square foot 66.65% lower than the current median sale per square foot for the city of Los Angeles.

About 653 E 51St St

Detailed summary of property

653 E 51St St is a fourplex that recently sold in Los Angeles, CA 90011. This fourplex offered 8 bedrooms, 7 bathrooms, roughly 3,535 living square feet, and sits on an approximately 6,848 square foot lot. 653 E 51St St was first listed on ArdentRealEstateGroup.com on June 19, 2021. The homeowner sold the property for $854,000. 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 25.21% lower than the current median priced home. Local homes that are currently for sale include 876 E 41st Pl, 1247 E Vernon Ave and 4216 Woodlawn Ave. While the average home in Los Angeles, CA is selling in 92 days, 653 E 51St St has a days on market of 12 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 653 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 653 E 51St St

Public county record property details
Beds
8
Baths
5
Year built
1912
Sq. Ft.
3,535
Lot Size
6,848
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5108-012-017

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
$659,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
44
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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(714) 706-1823

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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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