324 W 51st ST Los Angeles CA 90037 | MLS #26994983
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.
Property Details
Price:
$1,650,000
MLS #:
26994983
Status:
Active
Beds:
16
Baths:
7
Type:
Single Family
Subdivision:
Walter’s Moneta Ave and Figueroa St Tract
Neighborhood:
c42downtownla
Listed Date:
Oct 1, 2026
Finished Sq Ft:
5,193
Total Sq Ft:
5,193
Lot Size:
5,510 sqft / 0.13 acres (approx)
Year Built:
1922
See this Listing
Schools
School District:
Los Angeles Unified
Interior
Appliances
DW, MW, RF
Cooling
HP
Flooring
VINY
Heating
HP
Interior Features
RECL
Laundry Features
STK, DINC, WINC
Levels
U
Exterior
Architectural Style
CNT
Common Walls
_1CW
Construction Materials
STC
Patio And Porch Features
NO
Security Features
SD, COD, GC
Spa Features
NO
View
NO
Financial
Map
Community
- Address324 W 51st ST Los Angeles CA
- SubdivisionWalter’s Moneta Ave and Figueroa St Tract
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
Subdivisions in Los Angeles
- #5666 lot 114
- 12471
- 27003
- Beachwood Canyon
- Bel Air
- BEL AIR CREST
- Biscuit Company Lofts
- Brentwood Country Estates
- Canyon Shores
- Castle Heights
- Cedar Lodge
- Culver District 16
- Doheny Estates
- Downtown
- Edgewater Towers
- Evo
- Hacienda Tularosa
- Hollywood Dell
- Jefferson Park
- Koreatown, Los Angeles
- Lago Vista
- Las Collinas Heights
- LE MOYNE TERRACES TRACT NO. 2
- Metropolis
- Metropolis Residences
- Nelavida
- North Burbank Blvd./ South Oxnard St./ West Vinela
- Not Applicable-105
- Not in Development
- Ocean Park Villa
- OTHR
- Outpost Estates
- Palisades Country Estates
- Park Place
- Park Plaza 57
- Picfair Village
- Pickford Court
- Savoy
- SB Grand
- Silver Strand
- Subdivision Name / Tract: 5609
- The ERB
- The Hollywood Residences
- THE LONGFORD
- The Los Feliz Oaks
- The Oaks
- The Ritz Carlton Residences
- The Sanborn Collection
- TR 337
- TRACT # 8560 LOT 16 BLK 11
- TRACT NO 28826 CONDOMINIUM UNIT 6
- Tract No. 10636
- Tract No. 8131
- Tract. No. 1033
- Upper Riviera
- Westmont WMON
- Winton & McLeod Figueroa St. Tract
- Winton & McLeods Figueroa Tract
Market Summary
Current real estate data for Single Family in Los Angeles as of Oct 02, 2026
9,343
Single Family Listed
85
Avg DOM
437
Avg $ / SqFt
$1,575,254
Avg List Price
Property Summary
- Located in the Walter’s Moneta Ave and Figueroa St Tract subdivision, 324 W 51st ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90037. It is listed for $1,650,000 and features 16 beds, 7 baths, and has approximately 5,193 square feet of living space, and was originally constructed in 1922. The current price per square foot is $318. The average price per square foot for Single Family listings in Los Angeles is $437. The average listing price for Single Family in Los Angeles is $1,575,254. To schedule a showing of MLS#26994983 at 324 W 51st ST in Los Angeles, CA, contact your Compass agent at 310.409.7242.
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Courtesy of Beverly & Company Luxury Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.324 W 51st ST
Los Angeles, CA