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Listed by: Nicholas Hedberg (703) 587-2918 DRE #02016456 | Beverly & Company Luxury Properties (323) 410-0848
$1,650,000
Monthly Est:$8,213
16 Beds
7 Baths
5,193sqft
324 W 51st Street, Los Angeles, CA 90037
$1,650,000
$8,213/moEst:
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Multi Family
Built in 1922
$-- HOA
5,510 sqft lot
$318/sq.ft
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.
- Houzeo last checked: 10 minutes ago
- Listing updated: October 6, 2026 at 9:15 pm
- Source: California Regional MLS-CA | MLS#: 26994983
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
5,193 sqft
Lot Size
5,510 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26994983
MLS Status
Active
Days on Market
7
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 7
Interior
Interior Features
Recessed Lighting
Sewer
Sewer Tap Paid
Cooling
Heat Pump
Flooring
Vinyl
Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Heating
Heat Pump
Construction
Year Built
Year Built: 1922
Home type
Multi Family
Property Condition
Updated Remodeled
Architectural Style
Contemporary
Construction Materials
Stucco
Utilities & Energy
Laundry Features
Stacked
Security Features
Carbon Monoxide Detectors, Gated Community, Smoke Detectors
Fireplace Features
None
Pool Features
None
Parking Features
None
Other Features
Subdivision Name
Walter's Moneta Ave And Figueroa St Tract
Tenant Pays
Electricity, Gas, Trash Collection, Water
Patio And Porch Features
None
Community Features
Gated
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Listed for Sale | $1,650,000 $318/sqft |
Getting Around 324 W 51st Street
Bike Score®
Very Bikeable
75/100
Walk Score®
Very Walkable
75/100
Transit Score®
Good Transit
64/100
Data provided by Redfin
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 02:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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