Remodeled 4-Unit
532 W 51st St, Los Angeles, CA 90037
For Sale
New
$1,245,000
Four residences are delivered vacant, with a varied bedroom-and-bathroom mix and a newly built ADU.
Property Size3,326 SF
Days on Market6
Property Features for 532 W 51st St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Encino/Sherman Oaks
Listed By:
Farhoud Bastanfar · License #01738433
(310) 486-1224
Source:
Milsteinestates
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:30PM
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
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Investment Insights
Based on property information with market context.
This 1965 quadplex contains four units with a combined 12 bedrooms and 8 bathrooms. The unit mix comprises one 4-bedroom/3-bathroom residence, two 3-bedroom/2-bathroom residences, and one 2-bedroom/1-bathroom residence. A new ADU was added in 2026, and the property is delivered vacant. Renovations included the roof, stucco, paint, electrical and plumbing systems, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and bathrooms.
The property is in Los Angeles, minutes from USC and Downtown LA. Projected cap rate is 9.12% or higher. The stated bedroom and bathroom totals may differ from recorded title; buyers should verify property information.
The property is in Los Angeles, minutes from USC and Downtown LA. Projected cap rate is 9.12% or higher. The stated bedroom and bathroom totals may differ from recorded title; buyers should verify property information.
Key Highlights
- Four‑unit property with 12 bedrooms and 8 bathrooms
- Unit mix: one 4+3, two 3+2s, and one 2+1
- New 2026 ADU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,569
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,380
$1.1M
Cap Rate 7%
$793,843
$793.8K
Cap Rate 9%
$617,433
$617.4K
Market Conditions
NOI Build-Up for 3,326 SF
Gross rent
$81.4K $24.48/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$79.4K $23.87/SF
− OpEx
−$23.8K −$7.16/SF
NOI
$55.6K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,380
Cap Rate 7%
$793,843
Cap Rate 9%
$617,433
Alternative Uses
Best Use
Multifamily LT 5
$793.8K
$694.6K – $926.2K
NOI $55,569 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$705.6K
$617.4K – $823.2K
NOI $49,390 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,227 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
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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
$632,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences are delivered vacant, with a varied bedroom-and-bathroom mix and a newly built ADU.
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 $1,245,000.
What are key features of this property?
This property features: Four‑unit property with 12 bedrooms and 8 bathrooms; Unit mix: one 4+3, two 3+2s, and one 2+1; New 2026 ADU
