Fully Remodeled
For Sale
$1,469,000
532 W 51st St, Los Angeles, CA 90037
Vacant, comprehensively updated property with a new ADU and upgraded building systems throughout.
Days on Market43
Property Features for 532 W 51st St
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Building Details
Building Size
3,326 SF
Year Built
1965
Listing Agency:
Keller Williams Encino/Sherman Oaks
(310) 486-1224
Listed By:
Farhoud Bastanfar · License #01738433
Source:
Jademillsestates
Added: Jun 19
Changed: Jul 31
Last Checked: Jul 31 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Encino/Sherman Oaks
Investment Insights
Based on property information with market context.
This four-unit quadplex was built in 1965 and fully remodeled throughout. Improvements include a new roof, stucco, interior and exterior paint, electrical, plumbing, windows, HVAC, tankless water heaters, flooring, doors, granite kitchen countertops, and upgraded bathrooms. One unit is a brand-new ADU built in 2026. The property is delivered vacant, allowing the next owner to select tenants from the outset.
Located at 532 W 51st St in Los Angeles, the property is minutes from USC University, Downtown LA, and major shopping centers. The floor plan is described as flexible for market-rate rentals, student housing, senior care, or licensed residential care and rehabilitation use. A live-in arrangement with rental of the remaining units is also identified as an available ownership option.
Located at 532 W 51st St in Los Angeles, the property is minutes from USC University, Downtown LA, and major shopping centers. The floor plan is described as flexible for market-rate rentals, student housing, senior care, or licensed residential care and rehabilitation use. A live-in arrangement with rental of the remaining units is also identified as an available ownership option.
Key Highlights
- Four‑unit quadplex delivered vacant
- One brand‑new ADU built in 2026
- Fully remodeled with new roof, stucco, electrical, plumbing, windows, and HVAC
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.4k | $24.48 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $79.4k | $23.87 |
| − OpEx | −$23.8k | −$7.16 |
| NOI | $55.6k | $16.71 |
3,326 SF · lease $24.48/SF/yr · vacancy 2.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,227 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant, comprehensively updated property with a new ADU and upgraded building systems throughout.
Where is this quadplex located?
The property is located at 532 W 51st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: Four‑unit quadplex delivered vacant; One brand‑new ADU built in 2026; Fully remodeled with new roof, stucco, electrical, plumbing, windows, and HVAC
