1541 E 51st St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,036 sqft
Price per Sqft $296
MLS Listing ID 24-375173
Style Traditional
Bedrooms 8
Year Built 1961
Lot Size 5,000 Sqft
Acres 0.1148
Property Description
SELLER CAN DELIVER UNIT 1 VACANT BY CLOSE OF ESCROW! Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/1BA, with four uncovered parking spaces in the back. Unit 4 has just completed renovations and has now recently been rented out. Landlord can vacate Unit 1 by close of escrow. Live in one unit while collecting rents! Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Built-Ins, Range/Oven, Refrigerator, Dishwasher
Exterior
Garage Gated, Uncovered
Garage Spaces 4.0
Building
Story 2
Architectural Style Traditional
Level or Stories Multi/Split, Two
Others
Special Listing Condition Standard