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625 W 51St St

Los Angeles, CA 90037
  • $989,999
  • STATUS: Active
  • ON SITE: 9 days
  • ID#: 21-761516
UPDATED: 93 min ago
$989,999
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,616
    SQFT
  • $378
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Calling all investors and developers!! Excellent opportunity to own an income-generating QUADRUPLEX with over 2600 sq ft living space on a6000+ sq ft lot. This property comprises four 2-bedroom 1-bath units and has the potential for rent growth with plans for two additional dwelling units (1br/1ba each). Three out of four units have good paying tenants. The fourth unit has recently been renovated with an upgraded electrical subpanel and can be delivered VACANT. Updated plumbing (2019), with blue copper piping. Property has a spacious yard with a four-car garage and ample parking for five vehicles on the lot. All units have separate gas and electrical meters AND four water meters! This neighborhood is perfectly located near the new LAFC Stadium, USC, LA Memorial Coliseum, and minutes away from LA Live/DTLA.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-25T23:42:22.103. 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. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/119416004
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625 W 51St St Los Angeles, CA 90037

  • Price: $989,999
  • Status: Active
  • Updated: 93 min ago
  • ID#: 21-761516
8
Beds
0
Baths
0
½ Baths
0.14
Acres
2,616
SQFT
$378
$/SQFT
1926
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
Calling all investors and developers!! Excellent opportunity to own an income-generating QUADRUPLEX with over 2600 sq ft living space on a6000+ sq ft lot. This property comprises four 2-bedroom 1-bath units and has the potential for rent growth with plans for two additional dwelling units (1br/1ba each). Three out of four units have good paying tenants. The fourth unit has recently been renovated with an upgraded electrical subpanel and can be delivered VACANT. Updated plumbing (2019), with blue copper piping. Property has a spacious yard with a four-car garage and ample parking for five vehicles on the lot. All units have separate gas and electrical meters AND four water meters! This neighborhood is perfectly located near the new LAFC Stadium, USC, LA Memorial Coliseum, and minutes away from LA Live/DTLA.
Exterior Features

Covered Parking 4 Lot Description Front YardCurbs Lot Size Area 6089 Other Structures None Parking Garage Garage - 4+ CarUncoveredDriveway Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 9

Interior Features

Baths Total 4.00 Cooling Wall/WindowOther Equipment Other Fireplace Rooms KitchenLiving RoomBath Heating WallCombination

Property Features

Assessed Total Value 559010 Gross Income 45264 Gross Operating Income 45264 Like Units1 4 Net Operating Income 45264.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Security Features Window Bars Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricityWaterTrash Collection Total Annual Expense 0 Type Of Units Apartment Year Built Source Assessor Zoning Lard2

Listing provided courtesy of Gabriela Pineda DRE# of West Shores Realty, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-25T23:42:22.103. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583