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Listed by: Farhoud Bastanfar (310) 486-1224 DRE #01738433, Meran Solamany DRE #01301571 | Keller Williams Encino/Sherman Oaks (818) 475-3575
$1,245,000
Monthly Est:$6,197
12 Beds
8 Baths
3,326sqft
532 W 51st Street, Los Angeles, CA 90037
$1,245,000
$6,197/moEst:
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Multi Family
Built in 1965
$-- HOA
5,504 sqft lot
$374/sq.ft
Description
** REMODELED and DELIVERED VACANT with 9.12%+ PROJECTED CAP RATE. Rare turnkey 4-unit property with 12 BD / 8 BA, fully remodeled and delivered vacant, minutes from USC and Downtown LA. Projected gross rents are $11,700/month ($140,400/year), a return that's hard to find in today's LA market. The mix is a 4+3, two 3+2s, and a 2+1, including a brand-new 2026 ADU. Upgrades include a new roof, stucco, paint, electrical, plumbing, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and upgraded baths, with zero deferred maintenance, so there's no capital expense eating into your return. Set your rents and choose your tenants from day one. Ideal for market-rate rentals, student housing, senior care, or a licensed care facility (buyer to verify). Owner-users can live in one unit and rent the other three. BD/BA count may differ from recorded title. Buyer to verify all information.
- Houzeo last checked: 1 minute ago
- Listing updated: November 5, 2026 at 5:18 pm
- Source: California Regional MLS-CA | MLS#: 26106412
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1965
HOA Fees
-
Finished Area
3,326 sqft
Lot Size
5,504 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26106412
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Interior
Appliances
Disposal
Heating
Heat Pump
Utilities & Energy
Parking Features
None
Other Features
Tenant Pays
Electricity, Gas
Price History
| Date | Event | Price |
|---|---|---|
06/19/2026 Source: | Listed for Sale | $1,469,000 $442/sqft |
06/19/2026 Source: | Off Market | $1,469,000 +87.85% $442/sqft |
04/04/2024 Source: | Sold | $782,000 $235/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 06, 2026, 02:00AM 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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