1518 E 51st Street
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 5,402 sqft lot
- 1961 build
- – on site
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!
Last checked:
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Last updated Apr 11, 2025
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MLS# 25520743 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1961
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New Construction:No
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Building Area Total:2694.00
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Total Number Of Units:4
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# of Buildings:1
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Architectural Style:Mid Century Modern
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Stories Total:2
Interior
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Levels:Two
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Flooring:Laminate
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Laundry:Outside
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Laundry:1
Financial & Terms
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Disclosures:City Inspection Required
Location
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Directions:Head South on Alameda St. Turn right onto E 41st St. Turn left onto Compton Ave. Turn left onto E 51st St Destination will be on the left.
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Latitude:33.99636500
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Longitude:-118.24706800
The Property
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Property Type:Residential Income
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Zoning:LAR2
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Lot Size Area:5402.0000
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Lot Size Acres:0.1240
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Lot Size SqFt:5402.00
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Security Features:Gated Community
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5106025004
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:None
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Included:No
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Concrete, Uncovered
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Uncovered Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
|
Listed / Active | CRMLS_CA | $1,500,000 | 58.7% (9.5% / YR) |
|
1/30/19
Jan 30, 2019
|
CRMLS_CA | $945,000 | ||
|
1/9/19
Jan 9, 2019
|
CRMLS_CA | $945,000 |
