About 1537 E 51st St
This is a very desirable duplex. It features 2 units, each with 4 bedrooms and 2 bathrooms. There is also a separate 2 car Garage. It's been fully rented for years, very low turn over. Priced for a cap rate of 6%+ Security gate across the driveway. Current rents are below market. New owner could raise them and increase the cap rate. Current management company would like to remain in place but it is not required.
Features of 1537 E 51st St
| MLS® # | OC24056190MR |
|---|---|
| Price | $898,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 2,736 |
| Acres | 0.11 |
| Year Built | 2010 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 1537 E 51st St |
|---|---|
| Area | Downtown L.A. |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90011 |
Amenities
| Parking Spaces | 4 |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Appliances | Gas/Electric Range |
|---|---|
| Heating | Natural Gas, Wall |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Has Basement | No |
Exterior
| Exterior | Stucco |
|---|---|
| Windows | Double Pane Windows |
| Roof | Asbestos Shingle |
| Construction | Stucco |
Additional Information
| Date Listed | March 20th, 2024 |
|---|---|
| Days on Market | 59 |
| Zoning | LAR2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ronald Bentley (01980299) |
|---|---|
| Office | Equity Real Estate-Pacific Coast |