Listing provided courtesy of Nicholas Hedberg of Beverly & Company Luxury Properties. Last updated 2026-10-14 08:10:59.000000. Listing information © 2026 Sandicor.
Asking Price: $1,595,000 |
324 51st, Los Angeles CA 90037
Community: C42 - Downtown L.A.
This property was built in 1922 and is priced at $1,595,000. Please see the additional details below.
Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. 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. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.
