$1,900,000
324 W 51st St
Los Angeles, CA, 90037
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.
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.
Property Details
Price:
$1,900,000
MLS #:
SB26136834
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c34losangelessouthwest
Listed Date:
Jun 25, 2026
Total Sq Ft:
5,193
Lot Size:
5,663 sqft / 0.13 acres (approx)
Year Built:
2023
Schools
Interior
Laundry Features
DINC, WINC
Exterior
Common Walls
_2CW
Community Features
SUB
Financial
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Courtesy of Keller Williams Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 324 W 51st St
Los Angeles, CA
