Remodeled 4-Unit
532 W 51st St, Los Angeles, CA 90037
For Sale
New
$1,245,000
Residential Income, Los Angeles, CA
Property Size3,326 SF
Lot Size0.13 Acres
Price / SF$374.32
Days on Market3
Property Features for 532 W 51st St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Encino/Sherman Oaks · Keller Williams Realty
(818) 475-3575
Listed By:
Farhoud Bastanfar · License #01738433
(310) 486-1224
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 10:06PM
MLS# 26106412
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,326-square-foot quadplex contains four units with a stated total of 12 bedrooms and 8 bathrooms. The layouts are one 4-bedroom/3-bathroom unit, two 3-bedroom/2-bathroom units, and one 2-bedroom/1-bathroom unit. The property was built in 1965 and is delivered vacant. Reported improvements include the roof, stucco, paint, electrical and plumbing systems, windows, HVAC, tankless water heaters, flooring, doors, granite counters, and bathrooms. A new ADU is identified as part of the property, with a 2026 date provided.
The parcel measures 0.1263 acres and is zoned LARD2. A projected cap rate of 9.12% or more is stated for the property.
The parcel measures 0.1263 acres and is zoned LARD2. A projected cap rate of 9.12% or more is stated for the property.
Key Highlights
- Four residential units with a stated mix of 4+3, two 3+2s, and one 2+1
- 3,326 square feet on a 0.1263‑acre parcel
- Projected cap rate of 9.12%+
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 - The property is vacant and zoned LARD2, with four residential units in a compact Los Angeles setting.
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 residential units with a stated mix of 4+3, two 3+2s, and one 2+1; 3,326 square feet on a 0.1263‑acre parcel; Projected cap rate of 9.12%+
