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12 Beds
8 Baths
3,326 sqft

$1,245,000

532 W 51st Street, Los Angeles CA, 90037

Price per sqft$374.32
Built in1965
Property size3,326 sqft
Property typeResidential
Listed by Farhoud Bastanfar CA DRE# 01738433 with Keller Williams Encino/Sherman Oaks 310-486-1224

Overview

Active

Listed Nov 4, 2026

Updated 3 days ago

** REMODELED and DELIVERED VACANT with 9.12%+ PROJECTED CAP RATE. Rare turnkey 4-unit property with 12 BD / 8 BA, fully remodeled and delivered vacant, minutes from USC and Downtown LA. Projected gross rents are $11,700/month ($140,400/year), a return that's hard to find in today's LA market. The mix is a 4+3, two 3+2s, and a 2+1, including a brand-new 2026 ADU. Upgrades include a new roof, stucco, paint, electrical, plumbing, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and upgraded baths, with zero deferred maintenance, so there's no capital expense eating into your return. Set your rents and choose your tenants from day one. Ideal for market-rate rentals, student housing, senior care, or a licensed care facility (buyer to verify). Owner-users can live in one unit and rent the other three. BD/BA count may differ from recorded title. Buyer to verify all information.

$8,283/mo

Est. mortgage payment based on a $1,245,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26106412

Interior Features

Bedrooms
12
Bathrooms
8
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.13 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Farhoud Bastanfar CA DRE# 01738433 with Keller Williams Encino/Sherman Oaks 310-486-1224

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/6/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/6/2026 at 5:24 AM UTC Last Checked: 5:24 AM UTC

 

 

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