324 W 51st ST, Los Angeles, CA 90037
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324 W 51st ST, Los Angeles, CA 90037
324 W 51st ST, Los Angeles, CA 90037
324 W 51st ST, Los Angeles, CA 90037
324 W 51st ST, Los Angeles, CA 90037
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Cherrie And Zach

Cherrie And Zach

+1(661) 312-2536
$ 1,650,000
Est. payment /mo
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324 W 51st ST Los Angeles, CA 90037

16 Beds

7 Baths

5,193 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,193 sqft

Price per Sqft $317

Subdivision Walter'S Moneta Ave And Figueroa St Tract

MLS Listing ID 26994983

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1922

Lot Size 5,510 Sqft

Lot Dimensions Assessor

Property Description

Renovated six-unit income property in South Park (South LA). Short sale, subject to lender approval. The 1922 front building was remodeled under 2021-22 LADBS permits into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs have a 2023 Certificate of Occupancy. Renovated kitchens with shaker cabinets, stainless appliances, built-in microwaves and vinyl plank floors. Mini-split heat and AC in every unit. The four front units have dishwashers and in-unit stacked laundry. Gas and electric are separately metered. Water is submetered. Tenants pay gas, electric and trash. Five units also pay water. All six units are leased at $14,657 per month. Four leases began in 2026. 8.0% cap rate and 9.4 GRM at list price on broker-estimated expenses. The front building is under LA rent stabilization. The ADUs are exempt per LAHD. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD2

Interior

Interior Features Recessed Lighting

Heating Heat Pump

Cooling Heat Pump

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Parking Features None

Pool None

Community Features Gated

View Y/N No

View None

Porch None

Private Pool No

Building

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5110027007

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Short Sale

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nicholas Hedberg Beverly & Company Luxury Properties #02016456

Nearby Locations

Cherrie And Zach

Cherrie And Zach

Agent License ID: 01904568

+1(661) 312-2536

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324 W 51st ST