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874 E 51St St Los Angeles, CA 90011

$750,000 Sold Price as of 09/08/2021

8 Beds
4 Baths
1,906 Sq.Ft.

Sold

$750,000 Sold Price as of 09/08/2021 Refinance Your Mortgage

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Map preview of 874 E 51St St, Los Angeles, CA 90011

Property Overview: 874 E 51St St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 1,906 living square feet and 4,523 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to a RARE opportunity to own FOUR units in the city of Los Angeles! This property is centrally located near major freeways, shopping centers, and ten minutes away from USC! With one of the units being vacant this is great property for an FHA buyer or an investor looking to expand their portfolio! Each unit consists of 2 bedrooms and one bath and are all in move-in condition! This property does have alley access and the lot size allows up to 5 parking spots! This opportunity will not last! If you are looking for a great income producing property then look no further!

Listed by Alberto Sanchez | BRE #02028262 | Century 21 A Better Service

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 4,523
HOA Dues: $0/mo
Year built: 1929
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: DW21146366
City: Los Angeles
County: Los Angeles
Time on Site: 1041 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,642
Total Rent: $1,642
Pro Forma/Market Rent: $1,650

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,595
Total Rent: $1,595
Pro Forma/Market Rent: $1,650

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $1,615
Total Rent: $1,615
Pro Forma/Market Rent: $1,650

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,650

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $57,840
Net Operating Income: $57,840
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 874 E 51St St

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 5

Lot Information

Lot Features: Back Yard, Walkstreet, Yard
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 5103029029
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Off of Vernon Ave & Central Ave.

Neighborhood Information

Community Features: Curbs, Street Lights

View more facts & features

Local Los Angeles Agent

Sale History for 874 E 51St St

Last sold for $750,000 on September 8th, 2021

September, 2021
Sep 10, 2021

Date

Sold

CRMLS: DW21146366

$750,000

Price
Jul 21, 2021

Date

Pending

CRMLS: DW21146366

$725,000

Price
Jul 6, 2021

Date

Active

CRMLS: DW21146366

$725,000

Price
August, 2009
Aug 10, 2009

Date

Sold (Public Records)

Public Records

$215,000

Price
October, 2008
Oct 9, 2008

Date

Sold (Public Records)

Public Records

$435,916

Price

Tax History for 874 E 51St St

Assessed Value (2020): $311,826

Year	Land Value	Improved Value	Assessed Value
2020	$83,089	$228,737	$311,826

Home Value Compared to the Market

This property vs the competition

874 E 51St St sold on September 8, 2021 for 39.08% 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 $380.38 per/sqft which puts the price per square foot 49.62% lower than the current median sale per square foot for the city of Los Angeles.

About 874 E 51St St

Detailed summary of property

874 E 51St St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 1,906 living square feet, and sits on an approximately 4,523 square foot lot. 874 E 51St St was first listed on ArdentRealEstateGroup.com on July 6, 2021. The homeowner sold the property for $750,000. 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 39.08% lower than the current median priced home. Local homes that are currently for sale include 4427 Lima St, 4427 Lima St and 172 E 43rd ST. While the average home in Los Angeles, CA is selling in 93 days, 874 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 874 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 874 E 51St St

Public county record property details

Beds: 8
Baths: 4
Year built: 1929
Sq. Ft.: 1,904
Lot Size: 4,523
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 198
APN: 5103-029-029

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

Median Sale to List Price %

104.76%

Avg Days on Market

Loan Type

Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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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.