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1565 W 51st St 4 Unit Apartment Building Offered at $1,404,250 CAD at a 3.30% Cap Rate Los Angeles, CA 90062
Investment Highlights
- Front Unit with Den (3rd Bedroom Use)
- 13,500 SF Lot with Only Four Units
- Separately Metered Gas & Electric
- Four Units Operating as Two-Bedroom Layouts
- Systems Already Addressed
Executive Summary
Offered at $1,025,000, 1565 W 51st Street is a fully occupied four-unit asset with a clear gap between in-place rents and turnover levels.
The property consists of four units currently operating as two-bedroom layouts, allowing for stronger rent positioning as units are recaptured. Existing tenancy reflects long-term occupancy, with current rents below where comparable units lease once turned.
The building has already undergone key system upgrades, including copper plumbing and updated electrical, allowing a new owner to focus capital on interiors as units become available rather than addressing major infrastructure.
The investment is driven by capturing the spread between current income and market rents over time. Execution is straightforward: unit turnover, interior updates, and rent reset to market levels.
Situated on a ±13,500 SF LAR2 lot with only four units, the property offers a low-density profile relative to its site size.
The property consists of four units currently operating as two-bedroom layouts, allowing for stronger rent positioning as units are recaptured. Existing tenancy reflects long-term occupancy, with current rents below where comparable units lease once turned.
The building has already undergone key system upgrades, including copper plumbing and updated electrical, allowing a new owner to focus capital on interiors as units become available rather than addressing major infrastructure.
The investment is driven by capturing the spread between current income and market rents over time. Execution is straightforward: unit turnover, interior updates, and rent reset to market levels.
Situated on a ±13,500 SF LAR2 lot with only four units, the property offers a low-density profile relative to its site size.
Property Facts
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5016-035-011 | Improvements Assessment | $238,496 CAD |
| Land Assessment | $524,698 CAD | Total Assessment | $763,194 CAD |
Property Taxes
Parcel Number
5016-035-011
Land Assessment
$524,698 CAD
Improvements Assessment
$238,496 CAD
Total Assessment
$763,194 CAD
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1565 W 51st St
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