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Fatima Malik

fatima.malik@evrealestate.com +1(310) 968-2085

$ 1,595,000

Est. payment -/mo

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Price Dropped by $55K

324 W 51st St Los Angeles, CA 90037

16 Beds

7 Baths

5,193 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,193 sqft

Price per Sqft $307

Subdivision Walter'S Moneta Ave And Figueroa St Tract

MLS Listing ID 26994983

Style Contemporary

Bedrooms 16

Construction Status Updated/Remodeled

Year Built 1922

Lot Size 5,510 Sqft

Acres 0.1265

Property Sub-Type Multi-Family

Property Description

Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. Renovated kitchens with shaker cabinets, stainless appliances, built-in microwaves and vinyl plank floors. Mini-split heat and AC in every unit. The four front units have dishwashers and in-unit stacked laundry. Gas and electric are separately metered. Water is submetered. Tenants pay gas, electric and trash. Five units also pay water. All six units are leased at $14,657 per month. Four leases began in 2026. 8.0% cap rate and 9.4 GRM at list price. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms Accessory Bldgs

Interior

Interior Features Drywall Walls, Recessed Lighting

Heating Heat Pump

Cooling Air Conditioning, Heat Pump(s)

Flooring Vinyl

Fireplaces Type None

Equipment Dishwasher, Microwave, Dryer, Range/Oven, Refrigerator, Washer

Laundry In Unit, Laundry Closet Stacked

Exterior

Parking Features None

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Story 2

Sewer In Connected and Paid

Water Public

Architectural Style Contemporary

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Special Listing Condition Short Pay, Notice Of Default, In Foreclosure

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Beverly & Company Luxury Properties

NEARBY SCHOOLS & PROPERTIES

Fatima Malik

Broker Associate License ID: 01950831

+1(310) 968-2085

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