1541 E 51st Street
Los Angeles, CA, 90011
$899,000
Beds
0 Baths
SqFt
0.11 Acres
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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
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Dishwasher, Refrigerator
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None
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Parking Features
Gated, Uncovered
Parking Spots
4.00
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Gated Community
Stories Total
2

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1541 E 51st Street
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