324 W 51st Street, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

324 W 51st Street

Los Angeles, CA 90037
16 Beds
7 Baths
5,193 Sq Ft
Built 1922
$1,650,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1922
Living area
5,193 sq ft
Lot size
5,510 sq ft
Stories
2
Days on market
8
MLS status
Active
Architectural style
Contemporary
Zoning
LARD2

Features & Amenities

Interior

  • Recessed Lighting

Appliances

  • Dishwasher
  • Microwave
  • Refrigerator
  • Dryer
  • Washer

Parking

  • None

Pool

  • None

Security

  • Carbon Monoxide Detectors
  • Gated Community
  • Smoke Detectors

Community, Schools & Utilities

Community

Subdivision
Walter's Moneta Ave and Figueroa St Tract
View
None

Schools

School district
Los Angeles Unified

Utilities

Heating
HeatPump
Cooling
HeatPump
Sewer
SewerTapPaid
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Location & Neighborhood

324 W 51st Street

Los Angeles, CA 90037

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Frequently Asked Questions About 324 W 51st Street

Property type: Residential Income

The current asking price is $1,650,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 324 W 51st Street. Our team will confirm availability and timing.
This 16 bedrooms and 7 bathrooms property offers approximately 5,193 square feet of living space. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Nicholas Hedberg
MLS ID: CLW-C125462

Available property

$1,650,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.