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    416 W 51st Street

    Los Angeles (City), CA 90037
    • $490,000
    • STATUS: Pending
    • ON SITE: 132 days
    • ID#: PW20252325
    Pending
    UPDATED: 44 min ago
    $490,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,518
      SQFT
    • $195
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    Welcome to Vermont square an up and coming neighborhood zoned LARD2, and within minutes to Downtown Los Angeles. This triplex income property has an extra unit for a total of four units. This brings an incredible opportunity for value-add investors, cashflow investors, buy and hold investors, or you can "house hack by living in one unit and renting out the other three units. In addition, it has great potential for rent growth & accessory dwelling unit conversion for substantial upside with the existing use. The first unit is a spacious 2 bedroom 2 bath with a basement. The second unit is a 1 bedroom 1 bathroom, and the third unit is VACANT with 1 bedroom and 1 bath. The fourth extra unit is a 1 bed and 1 bath. There is vast amounts of parking space on the lot, enough for all 3 occupants to park their cars with seamless access to the driveway. Also, the backyard is huge and has a 2 car garage that can potentially be converted into an accessory dwelling unit. This neighborhood is yet to be unlocked and explode in value in Los Angeles and its centrally located near the University of Southern California, The iconic LA Memorial Coliseum, LAFC stadium, major freeways 110, 10, 105, stores & shops, and minutes away from the vibrant DTLA.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-20T12:16:50.193. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/112473444
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    416 W 51st Street Los Angeles (City), CA 90037

    • Price: $490,000
    • Status: Pending
    • Updated: 44 min ago
    • ID#: PW20252325
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,518
    SQFT
    $195
    $/SQFT
    1908
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Welcome to Vermont square an up and coming neighborhood zoned LARD2, and within minutes to Downtown Los Angeles. This triplex income property has an extra unit for a total of four units. This brings an incredible opportunity for value-add investors, cashflow investors, buy and hold investors, or you can "house hack by living in one unit and renting out the other three units. In addition, it has great potential for rent growth & accessory dwelling unit conversion for substantial upside with the existing use. The first unit is a spacious 2 bedroom 2 bath with a basement. The second unit is a 1 bedroom 1 bathroom, and the third unit is VACANT with 1 bedroom and 1 bath. The fourth extra unit is a 1 bed and 1 bath. There is vast amounts of parking space on the lot, enough for all 3 occupants to park their cars with seamless access to the driveway. Also, the backyard is huge and has a 2 car garage that can potentially be converted into an accessory dwelling unit. This neighborhood is yet to be unlocked and explode in value in Los Angeles and its centrally located near the University of Southern California, The iconic LA Memorial Coliseum, LAFC stadium, major freeways 110, 10, 105, stores & shops, and minutes away from the vibrant DTLA.
    Exterior Features

    Architectural Style Craftsman Construction Materials StuccoWood Siding Direction Faces North Fencing Wrought Iron Lot Features Corner LotRectangular Lot Number Of Separate Electric Meters 3 Parking Features Door-MultiDrivewayGarage Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City StreetHighway Road Surface Type Maintained Roof Shingle Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Basement YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Electric Standard Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 0 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 0 Property Condition Fixer Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard2

    Listing provided courtesy of Lenny Figueroa of Keller Williams Coastal Prop.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-20T12:16:50.193. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691