532 W 51st ST, Los Angeles, CA 90037
532 W 51st ST, Los Angeles, CA 90037
532 W 51st ST, Los Angeles, CA 90037
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,245,000
Est. payment /mo
12 Beds
8 Baths
3,326 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,326 sqft

Price per Sqft $374

MLS Listing ID 26106412

Bedrooms 12

HOA Y/N No

Year Built 1965

Lot Size 5,505 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD2

Interior

Heating Heat Pump

Fireplace No

Appliance Disposal

Exterior

Parking Features None

Total Parking Spaces 4

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5001032005

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Farhoud Bastanfar Keller Williams Encino/Sherman Oaks #01738433

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California 92625, USA

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