Discover this well-maintained two-story, four-unit property an ideal opportunity for both investors and owner-occupants! Each unit features 2 bedrooms and 1 bath and is currently collecting Market Rent, making this a turnkey investment in a high demand rental market. With potential conventional financing options as low as 5% down for owner-occupants (on up to four units), this is a rare chance to build wealth through real estate while living in one unit and renting out the others. Centrally located near major freeways (10, 110, 5, 710), this property provides easy access to USC, Downtown LA, schools, parks, shopping centers, and the Metro Blue Line. Additional features include an on-site laundry facility, gated parking, and nearby public transportation for added convenience.Don’t miss out on this versatile investment opportunity whether you’re looking to expand your portfolio or secure a home with rental income potential, this property checks all the boxes!
Property Details
Price:
$1,500,000
MLS #:
25520743
Status:
Active
Baths:
0
Address:
1518 E 51st Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 3, 2025
State:
CA
ZIP:
90011
Lot Size:
5,402 sqft / 0.12 acres (approx)
Year Built:
1961
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Schools
Interior
Appliances
None
Cooling
None
Flooring
Laminate
Heating
Wall Furnace
Exterior
Parking Features
Concrete, Uncovered
Parking Spots
0.00
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address1518 E 51st Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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1518 E 51st Street
Los Angeles, CA
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