324 W 51st St, Los Angeles, CA 90037
324 W 51st St, Los Angeles, CA 90037
324 W 51st St, Los Angeles, CA 90037
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,900,000
Est. payment /mo
5,662 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26136834

HOA Y/N No

Year Built 2023

Lot Size 5,662 Sqft

Property Sub-Type Apartment

Property Description

FULLY RENOVATED 6 UNIT
The asset is perfectly positioned to capitalize on all of the major
developments and entertainment centers that reside near the University
and in Downtown Los Angeles. Originally built in 1922, the property has
undergone a complete evolution, culminating in a comprehensive gut-
rehab of the existing structure and the ground-up construction of two
brand-new detached Accessory Dwelling Units (ADUs) completed in
2023. The Sellers are professional developers by trade who purchased
the asset in October 2021 with a clear vision for strategic repositioning.
Following this extensive construction and development timeline, the
property has successfully stabilized over the last few years, presenting
incoming investors with a fully turn-key, optimized, income-producing
asset with zero deferred maintenance.
The developers transformed the property's original footprint—which
initially consisted of four large, one-bedroom units—by gut-rehabbing
all interiors and converting them into high-demand three-bedroom
configurations. To optimize layout functionality, two of these main front
units feature one full bathroom, while an extra half-bathroom was
seamlessly added to the remaining two front units, giving them one and
a half bathrooms each. To maximize cash flow potential, the developers
also constructed two brand-new, detached, two-bedroom and one-
bathroom ADUs measuring 641.5 square feet each, bringing the total unit
count to six. The exterior exhibits a clean, modern stucco finish, upgraded
entry doors, and gravel areas designed for minimal landscaping upkeep.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features None

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5110027007

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Marie Feleo So Keller Williams Realty crisso@kw.com, DRE #01866527

NEARBY SCHOOL & BUSINESS

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