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Image 1 - 1549 East 51st Street, Los Angeles, CA 90011, USA - House for sale
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Home For Sale In Los Angeles, California
1549 East 51st Street, Los Angeles, CA 90011, USA

Home For Sale In Los Angeles, California

house for sale
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Listed: 04/05/24

1549 East 51st Street, Los Angeles, CA 90011, USA

8 Bed:
4 Bath:
3,036 Sq Ft Living Area:
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Price
$ 949,000

About This House

Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx3, 036 SFon5, 000 SFlot, consists of 4 units in total- each2BR/1BA,with four uncovered parking spaces in the back. Unit 4 will be delivered vacant and is currently be renovated. Live in one unit while collecting rents. Rents can be increased June 2024. Possibility for buyer to vacant another unit. Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes fromUSC, DTLA,and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.

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Central-Alameda Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.