7 months on rocket

1541 E 51st St, Los Angeles, CA, 90011

$899,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,036 SqFt
$296/SqFt
House

Location

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1541 E 51st St, Los Angeles$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGated, Uncovered
Year Built1961
HeatingWall Furnace
CoolingNone
MLS #24375173
Lot Size0.11 Acres
StatusActive

About 1541 E 51st St

SELLER CAN DELIVER UNIT 1 VACANT BY CLOSE OF ESCROW! Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/1BA, with four uncovered parking spaces in the back. Unit 4 has just completed renovations and has now recently been rented out. Landlord can vacate Unit 1 by close of escrow. Live in one unit while collecting rents! Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1961
  • Stories: 2
  • Living Area: 3,036 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Sabina Yi

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Gated, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: On 51st St between Compton Ave and Long Beach Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $296/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1541 E 51st St vs Los Angeles

235 DAYS ON ROCKET

+197 Days

$899,000

-$124.4K Less

$296/SqFt

-$345 Less

KEY TAKEAWAY

This property is $124.4K less than the Median Sold Price and $345/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24375173

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Sabina Yi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-741960
2
/10

  • Holmes Avenue Elementary

  • 5108 Holmes Ave

  • 0.35 miles

  • Public District Grades KG-6

school-card-donut-741961
2
/10

  • Hooper Elementary School

  • 1225 E 52nd St

  • 0.40 miles

  • Public District Grades 1-5

school-card-donut-741962
6
/10

  • Ascot Avenue Elementary School

  • 1447 E 45th St

  • 0.47 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,383. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1541 E 51st St

What is the listing price of this property?

The listing price of 1541 E 51st St property is $899,000.

What type of property is this?

The property 1541 E 51st St is a house located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 1541 E 51st St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1541 E 51st St has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1541 E 51st St is 3,036 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1541 E 51st St is 1961.

Rocket Homes›California›Los Angeles County›Los Angeles›90011›1541 E 51st St

This home is located at 1541 E 51st St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 3,036 square foot home, which was built in 1961, sits on a 0.11 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $899,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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