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$1,650,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 16 Total Beds
  • Updated 20 hours ago
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Renovated six-unit income property in South Park (South LA). Short sale, subject to lender approval. The 1922 front building was remodeled under 2021-22 LADBS permits into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs have a 2023 Certificate of Occupancy. 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 on broker-estimated expenses. The front building is under LA rent stabilization. The ADUs are exempt per LAHD. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage.

Full Property Details for 324 W 51st St

General

  • Price: $1,650,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26994983
  • Updated: 10/1/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Drywall Walls, Recessed Lighting
  • Cooking Appliances: Free Standing Gas, Microwave
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Bathroom Features: Shower Over Tub, Remodeled

Bedrooms

  • Total Bedrooms: 16

Other Rooms

  • Laundry: In Unit, Laundry Closet Stacked

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Security/Safety: Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Other Features: Accessory Bldgs

Exterior

  • Deck/Patio: None

Parking

  • Garage Description: None

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Cross Streets: Broadway / Figueroa St
  • Driving Directions: East of the 110 Freeway, west of Broadway, south of Vernon Ave, north of Slauson Ave

School Information

  • School District: Los Angeles Unified

Heating & Cooling

  • Cooling Type: Air Conditioning, Heat Pump(s)
  • Heating Type: Heat Pump

Utilities

  • Sewer: In Connected and Paid
  • Water: Public
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • # Buildings: 2
  • Architectural Style: Contemporary
  • Exterior Const.: Stucco
  • Roof: Flat
  • Common Walls: Attached
  • Entry Location: Ground Level w/steps
  • Stories/Levels: 2
  • Square Feet: 5,193
  • Sq. Ft. Source: Owner
  • Year Built: 1922
  • Year Built Source: Assessor
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Complex: 6
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1.5
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: Accessory Bldgs

Lot Features

  • Lot Size (Acres): 0.1265
  • Lot Size: 5510
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 50 x 110
  • Irrigation System: None
  • Lot Features: City
  • Zoning: LARD2

Financial Considerations

  • Price Per Sq. Ft.: $317.74
  • Price Per Unit: 275000
  • Assessment Year: 1922
  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Water, Trash Collection

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5110-027-007

Listed by Beverly & Company Luxury Properties, Nicholas Hedberg

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Listing agent

— 324 W 51st St —

  • Nicholas Hedberg

    Beverly & Company Luxury Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 324 W 51st St

School District:Los Angeles Unified School District
NameGradesDistance
West Vernon Avenue Elementary School
4312 South Grand Avenue, Los Angeles, CA 90037
K-50.6 mi
Los Angeles Academy Middle
644 56th Street, Los Angeles, CA 90011
6-81 mi
Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High
300 East 53rd Street, Los Angeles, CA 90011
9-120.7 mi
Thomas Jefferson Senior High School
1319 East 41st Street, Los Angeles, CA 90011
9-121.9 mi
Nava College Preparatory Academy
1319 East 41st Street, Los Angeles, CA 90011
9-121.9 mi
Santee Education Complex
1921 S. Maple Ave., Los Angeles, CA 90011
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 324 W 51st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/01/2026
Listed
$1,650,000
50.68%
MLS
10/13/2021
Sold
$1,095,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 324 W 51st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,436
—
$1,185,262
2%
2025
$14,436
3%
$1,162,022
4%
2023
$13,968
5%
$1,116,900
2%
2022
$13,326
59%
$1,095,000
64%
2021
$8,371
30%
$666,837
35%
2020
$6,442
4%
$492,706
2%
2019
$6,201
2%
$483,046
2%
2018
$6,099
2%
$473,576
2%
2017
$5,971
3%
$464,291
2%
2016
$5,798
1%
$455,188
2%
2015
$5,717
8%
$448,352
12%
2014
$5,277
6%
$400,000
7%
2013
$4,967
—
$372,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 324 W 51st St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Beverly & Company Luxury Properties, Nicholas Hedberg

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324 W 51st St, Los Angeles, CA 90037 (MLS# 26994983) is a Multi-Family property with units containing 16 bedrooms and 0 full bathrooms. 324 W 51st St is currently listed for $1,650,000 and was received on October 01, 2026. Want to learn more about 324 W 51st St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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