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Stacey Alysson Melman

324 W 51st ST
Los Angeles, CA, 90037
$1,595,000
16 Beds
7 Baths
5,193 SqFt
0.13 Acres
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MLS #26994983 image #0
Renovated six-unit income property in South Park (South LA) The 1922 front building was remodeled into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs were built in 2024. 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. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage. Short sale, subject to lender approval.
AGENT: Nicholas Hedberg
LISTING BROKERAGE: Beverly & Company Luxury Properties
324 W 51st ST
Los Angeles, CA

Property Details

Price:
$1,595,000
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
ContemporaryCommunity GatedC42 – Downtown L.a.C42downtownlaWalter’s Moneta Ave And Figueroa St TractLos Angeles UnifiedNone
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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

Gross Operating Income
$170,608
Net Operating Income
$132,659

Map

Community

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