The LAAA Team of Marcus & Millichap is pleased to present an exceptional investment opportunity at 324 W 51st St, a fully gut-rehabbed property in the 90037 zip code of Los Angeles. The sellers, who are experienced developers, transformed a four-unit building into a 'like-new' property, meticulously rehabilitating it down to the studs and enhancing the unit count to six with the addition of two Accessory Dwelling Units (ADUs).

The original property, purchased in October 2021, consisted of four sizeable one-bedroom units. During the renovation, these units were each converted into three-bedroom units, with two of them gaining an extra half-bath. This thoughtful conversion, along with the addition of two-bedroom, one-bathroom ADUs each measuring 641.5 SF, will inevitably lead to increased rental income for future investors.

All equipment and systems across the six units are brand new, designed to help the landlord minimize expenses and maximize returns, adding to the financial appeal. Additionally, the Seller is offering contractor warranties on all the newly installed systems and major structural components of the renovation, something that’s typically only seen with new construction properties and not remodels. This should give the new investor confidence in the quality of the construction and the integrity of the design. 

Furthermore, the property is individually metered for all utilities, including water, and it has no common area electrical meter, ensuring minimal landlord expenses. The City has provided individual trash cans for each unit, eliminating the significant cost associated with City trash services.