28 days on rocket

1541 E 51st St, Los Angeles, CA, 90011

$949,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,036 SqFt
$313/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1541 E 51st St, Los Angeles$949,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGated, Uncovered
Year Built1961
HeatingWall Furnace
CoolingNone
MLS #24375173
Lot Size0.11 Acres
StatusActive

About 1541 E 51st St

Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/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 from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1961
  • Stories: 2
  • Living Area: 3,036 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Sabina Yi

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Gated, Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Thomas Jefferson Senior High School, Public District Grades 9-12
  • Early College Academy-La Trade Tech College, Public District Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Los Angeles Academy Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Hooper Avenue Elementary School, Public District Grades 1-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: On 51st St between Compton Ave and Long Beach Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $949,000
  • Price Per SqFt: $313/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

1541 E 51st St vs Los Angeles

28 DAYS ON ROCKET

-6 Days

$949,000

-$26.9K Less

$313/SqFt

-$315 Less

KEY TAKEAWAY

This property is $26.9K less than the Median Sold Price and $315/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24375173

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Sabina Yi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 11:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,804

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,912

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3652746
3
/10

  • Hooper Avenue Elementary School

  • 1225 E 52nd St

  • 0.43 miles

  • Public District Grades 1-5

school-card-donut-3652747
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 8.29 miles

  • Public Magnet Grades KG-6

school-card-donut-3652748
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 19.70 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3652749
3
/10

  • Los Angeles Academy Middle School

  • 644 E 56th St

  • 1.14 miles

  • Public District Grades 6-8

school-card-donut-3652750
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.46 miles

  • Public District Grades 6-8

High School

school-card-donut-3652751
1
/10

  • Thomas Jefferson Senior High School

  • 1319 E 41st St

  • 0.91 miles

  • Public District Grades 9-12

school-card-donut-3652752
5
/10

  • Early College Academy-La Trade Tech College

  • 400 W Washington Blvd

  • 2.82 miles

  • Public District Grades 9-12

school-card-donut-3652753
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 3.43 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,383. Residents of Los Angeles, CA typically earn between $35k-100k each year. The majority of families are married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1541 E 51st St

What is the listing price of this property?

The listing price of 1541 E 51st St property is $949,000.

What type of property is this?

The property 1541 E 51st St is a house located in Los Angeles, California, 90011.

Is this property for sale now?

Active Listing: 1541 E 51st St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1541 E 51st St are:
Hooper Avenue Elementary School: GreatSchools Rating 3/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Los Angeles Academy Middle School: GreatSchools Rating 3/10
Studio: GreatSchools Rating 4/10
Thomas Jefferson Senior High School: GreatSchools Rating 1/10
Early College Academy-La Trade Tech College: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 1541 E 51st St has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1541 E 51st St is 3,036 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1541 E 51st St is 1961.

Rocket Homes›California›Los Angeles County›Los Angeles›90011›1541 E 51st St

This home is located at 1541 E 51st St in Los Angeles, CA and zip code 90011 in the South LA neighborhood. This 3,036 square foot home, which was built in 1961, sits on a 0.11 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $949,000.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources