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For sale
  • $1,500,000

    1518 E 51st St, Los Angeles, CA 90011

    8beds
    4baths
    2,694sqft
    : 
    Multi Family
    Built in 1961
    -- sqft lot
    $1,471,300 Zestimate®
    $557/sqft
    $-- HOA

    What's special

    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!
    54 days
    on Zillow
    |
    81
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 10, 2025 at 05:08pm

    Listed by:

    Aaron Mejia DRE # 01896881 310-497-2029,

    Christie's International Real Estate SoCal 424-249-7162,

    Tahir Alakbarov DRE # 02225552 310-447-5858,

    Christie's International Real Estate SoCal

    Source: CLAW,MLS#: 25520743MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1518 E 51st St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Wall
    Cooling
    • None
    Appliances
    • Included: No Cooking Appliances
    • Laundry: Outside, Laundry Area
    Features
    • Flooring: Laminate
    Interior area
    • Total structure area: 2,694
    • Total interior livable area: 2,694 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Concrete, Driveway Gate, Open
    • Uncovered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,401.44 Square Feet
    Details
    • Additional structures: None
    • Parcel number: 5106025004
    • Zoning: LAR2
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Mid-Century
    • Property subtype: Multi Family
    Condition
    • Year built: 1961

    Community & HOA

    Community
    • Security: Gated
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $557/sqft
    • Tax assessed value: $1,033,492
    • Annual tax amount: $12,849
    • Date on market: 4/3/2025
    • Tenant pays: Electricity, Gas
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