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    416 W 51st Street

    Los Angeles, CA 90037
    • $490,000
    • STATUS: ACTIVE
    • ON SITE: 49 days
    • ID#: 302977722
    $490,000
    • 5
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/112475437
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    416 W 51st Street Los Angeles, CA 90037

    • Price: $490,000
    • Status: ACTIVE
    • ID#: 302977722
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Old Vermont Square
    County:
    Los Angeles
    Area:
    Los Angeles (90037)
    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 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

    Exterior StuccoWood Pool N/K Site Corner LotSidewalks Spa N/K

    Interior Features

    Cooling N/K Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Units With Cooling 3 Units With Range Oven 3

    Property Features

    Annual Expense Actual 0 Assessments N/K Buildings 1 Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1135.0 Unit2 Rent Actual 475.0 Unit3 Rent Actual 0.0 Zoning Assessor

    Listing provided courtesy of Keller Williams Coastal Prop.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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