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12 Beds
3,326 sqft

$1,245,000

532 W 51st Street, Los Angeles CA, 90037

Price per sqft$374.32
Built in1965
Property size3,326 sqft
Property typeResidential

Overview

Active

Listed Nov 4, 2026

Updated 2 days ago

** 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.

$8,283/mo

Est. mortgage payment based on a $1,245,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26106412

Interior Features

Bedrooms
12
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.13 Acres
MLS provider logo

Listed by Farhoud Bastanfar, Meran Solamany with Keller Williams Encino/Sherman Oaks
Listing Contact: 310-486-1224 

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