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  • 324 W 51St Street

324 W 51st Street, Los Angeles, CA 90037

$1,595,000 Approx. USD 16 beds, 7 baths
5,193 sqft

New Listing Reduced by $55,000 on 10/13/2026
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Listing Agent


Nicholas Hedberg | info@wesellhousesla.com
Lic#: 02016456
Broker: Courtesy of Beverly & Company Luxury Properties
Phone: 703-587-2918

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26994983
List price is $1,595,000 Reduced by $55,000 on 10/13/2026
Price: $1,595,000
Beds: 16
Baths: 7
None fireplaces
Built in 1922
5,193 sqft
2 stories
0.13 acres
Lot size: 0.1265
Subdivision: Walter's Moneta Ave and Figueroa St Tract
County: Los Angeles
Property style: Contemporary
Zoning: LARD2
Construction: Stucco
Interior features: Recessed Lighting
Appliances: Dishwasher,Microwave,Refrigerator,Dryer,Washer
Parking description: None
Heating/cooling: Heat Pump
Heating description: Heat Pump
MLS area: C42 - Downtown L.A.

Last Updated: 10/13/2026

 Days On Market (DOM): 13

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This listing belongs to the C42 - Downtown L.A. MLS area

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The style of this listing is Contemporary.
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Lat/Long: 33.996273, -118.279350.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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