1518 E 51st St, Los Angeles, CA 90011 - View 1
1518 E 51st St, Los Angeles, CA 90011 - View 2
1518 E 51st St, Los Angeles, CA 90011 - View 3
1518 E 51st St, Los Angeles, CA 90011 - View 4
1518 E 51st St, Los Angeles, CA 90011 - View 5

1518 E 51st St, Los Angeles, CA 90011

List Price: $1,500,000On Market FlagOn market
Apr 3, 20252,694 sqft8 beds4 baths
Listed by: Aaron Mejia
License #: 01896881
Phone #: 562-413-4717
Christie's International Real Estate SoCal
Source:
CRMLS Logo
MLS #: 25520743

Property Description

Discover this well-maintained two-story, four-unit property an ideal opportunity for both investors and owner-occupants! Each unit features 2 bedrooms and 1 bath and is currently collecting Market Rent, making this a turnkey investment in a high demand rental market. With potential conventional financing options as low as 5% down for owner-occupants (on up to four units), this is a rare chance to build wealth through real estate while living in one unit and renting out the others. Centrally located near major freeways (10, 110, 5, 710), this property provides easy access to USC, Downtown LA, schools, parks, shopping centers, and the Metro Blue Line. Additional features include an on-site laundry facility, gated parking, and nearby public transportation for added convenience.Don't miss out on this versatile investment opportunity whether you're looking to expand your portfolio or secure a home with rental income potential, this property checks all the boxes!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$20,895

TurboHome Estimated Value

$1,446,500

$537 sqft

High Valuation
$1,518,825
$564/sqft
Normal Valuation
$1,446,500
$537/sqft
Low Valuation
$1,374,175
$510/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$537/sqft$1,446,500

Neighborhood: Southeast Los Angeles

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Comparative Value

$985K

$1.10M

$1.30M

$1.50M

229 E 85th St, Los Angeles, CA 90003

Sale Price: $985,000

Selected Comparable

743 E 84th St, Los Angeles, CA 90001

Sale Price: $988,000

Selected Comparable

232 W 40th Pl, Los Angeles, CA 90037

Sale Price: $1,000,000

Selected Comparable

1353 E 41st Pl, Los Angeles, CA 90011

Sale Price: $1,100,000

Selected Comparable

438 E 56th St, Los Angeles, CA 90011

Sale Price: $1,300,000

Selected Comparable

1518 E 51st St, Los Angeles, CA 90011

List Price: $1,500,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1518 E 51st St, Los Angeles, CA 90011

1518 E 51st St, Los Angeles, CA 90011

List: $1,500,000

Listed: 4/3/2025

Area:2,694 sqft
Price/sqft:$557
Beds:8
Baths:4
Year Built:
Lot Size:5,402

Comparable Properties

COMPARABLE
Choose comps
232 W 40th Pl, Los Angeles, CA 90037

232 W 40th Pl, Los Angeles, CA 90037

Sale: $1,000,000

8/26/20241.95 mi

Area:2,407 sqft
Price/sqft:$415
Beds:8
Baths:4
Year Built:
Weight:24.5%
1353 E 41st Pl, Los Angeles, CA 90011

1353 E 41st Pl, Los Angeles, CA 90011

Sale: $1,100,000

7/22/20250.85 mi

Area:2,100 sqft
Price/sqft:$524
Beds:7
Baths:4
Year Built:
Weight:22.4%
438 E 56th St, Los Angeles, CA 90011

438 E 56th St, Los Angeles, CA 90011

Sale: $1,300,000

1/17/20251.14 mi

Area:2,219 sqft
Price/sqft:$586
Beds:7
Baths:4
Year Built:
Weight:19.8%
229 E 85th St, Los Angeles, CA 90003

229 E 85th St, Los Angeles, CA 90003

Sale: $985,000

5/17/20252.77 mi

Area:2,847 sqft
Price/sqft:$346
Beds:9
Baths:3
Year Built:
Weight:18.8%
743 E 84th St, Los Angeles, CA 90001

743 E 84th St, Los Angeles, CA 90001

Sale: $988,000

4/18/20252.44 mi

Area:3,360 sqft
Price/sqft:$294
Beds:9
Baths:5
Year Built:
Weight:14.5%

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