532 W 51st St, Los Angeles, CA 90037
532 W 51st St, Los Angeles, CA 90037
532 W 51st St, Los Angeles, CA 90037
532 W 51st St, Los Angeles, CA 90037
532 W 51st St, Los Angeles, CA 90037
532 W 51st St, Los Angeles, CA 90037
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Charles Sheldrake

Charles Sheldrake

+1(949) 939-6100
$ 1,245,000
Est. payment | /mo

12 Beds

8 Baths

3,326 SqFt

Save
$ 1,245,000
Est. payment | /mo
Save

12 Beds

8 Baths

3,326 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,326 sqft

Price per Sqft $374

MLS Listing ID 26106412

Bedrooms 12

Year Built 1965

Lot Size 5,504 Sqft

Acres 0.1263

Property Sub-Type Multi-Family

Property Description

** REMODELED and DELIVERED VACANT with 9.12%+ PROJECTED CAP RATE. Rare turnkey 4-unit property with 12 BD / 8 BA, fully remodeled and delivered vacant, minutes from USC and Downtown LA. Projected gross rents are $11,700/month ($140,400/year), a return that's hard to find in today's LA market. The mix is a 4+3, two 3+2s, and a 2+1, including a brand-new 2026 ADU. Upgrades include a new roof, stucco, paint, electrical, plumbing, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and upgraded baths, with zero deferred maintenance, so there's no capital expense eating into your return. Set your rents and choose your tenants from day one. Ideal for market-rate rentals, student housing, senior care, or a licensed care facility (buyer to verify). Owner-users can live in one unit and rent the other three. BD/BA count may differ from recorded title. Buyer to verify all information.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Heat Pump

Cooling Air Conditioning

Equipment Gas Dryer Hookup, Garbage Disposal, Hood Fan

Exterior

Parking Features None

Garage Spaces 4.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Encino/Sherman Oaks

Nearby Locations

Charles Sheldrake

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 939-6100

chasshel17@gmail.com

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532 W 51st St

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