About This Home

This 16-bedroom, 7-bathroom residential multi family at 324 W 51st St in Los Angeles, CA is listed for $1,595,000 ($307 per sqft). Built in 1922, the home offers 5,193 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1922
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
4 full
1922

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$8,530/mo

20% down · 6.5% · 30 years

Principal$1,154
Interest$6,912
Insurance$465

Estimates only. Actual payments may vary.

Location

324 W 51st St

Los Angeles, CA 90037

Features & Amenities

Interior Features

Drywall WallsRecessed Lighting

Property Details

Flooring

Vinyl

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Appliances

Free Standing GasMicrowave

Questions & Answers

This 16-bedroom, 7-bathroom residential multi family at 324 W 51st St is listed at $1,595,000 ($307/sqft). The estimated monthly payment is $8,530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1922, 0.13 acre lot, 2 stories. Interior Features: Drywall Walls, Recessed Lighting.

This property is listed by Nicholas Hedberg.

NH

Nicholas Hedberg

License 02016456

Agent at Beverly and Company, Inc.

Listed by Beverly and Company, Inc. · Broker phone: (818) 342-4160 · View on Broker Site · Broker website

MLS# 26994983· Source: The MLS/CLAW· 26 days on PropertySimple

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

324 W 51st St, Los Angeles, CA 90037

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