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.
Property Details
Price:
$899,000
MLS #:
24375173
Status:
Active
Baths:
0
Address:
1541 E 51st Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 1, 2024
State:
CA
ZIP:
90011
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1961
See this Listing
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Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Gated, Uncovered
Parking Spots
4.00
Security Features
Gated Community
Stories Total
2
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1541 E 51st Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1541 E 51st Street
Los Angeles, CA
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