Homes For Sale in South Park

About South Park, CA

South Park is a 1.41 square miles neighborhood within the South Los Angeles region of Los Angeles, California.

homes for sale in south park
We are pleased to present this unique investment opportunity to purchase 324 W 51st St, a fully gut-rehabbed property that's about 90 days away from Certificate of Occupancy.  Once completed, the property will stand as a "like new", 6-unit property that will produce positive cash flow for an investor with low risk of incurring major capital expenditures that may be prevalent in a property with dated systems. The Sellers are developers by trade and purchased the property in October 2021. When they initially purchased it, the subject property consisted of four (4) large, one-bedroom units. Since then, the Sellers have gut rehabbed all the unit's interiors and converted each of the four (4) previous 1-bedroom units into 3-bedroom units. Two of the rehabbed units have one bathroom, and an extra half bathroom has been added to the other two. They also added two (2) detached, two-bedroom / 1-bathroom ADUs measuring 641.5 SF each, bringing the total unit count to six (6). The completed property will be delivered vacant, which will help to expand the buyer pool to numerous different investor types outside of the typical owner / operator. Transitional housing groups, low-income housing groups, and other investors looking for property to house niche tenants will have the opportunity to acquire a "like new" asset in an area that is largely starved of them, despite its ongoing gentrification due in large part to its proximity to many of the city's major attractions and entertainment centers. $2,499,000 Active

324 W 51St St Los Angeles, California

16 Beds 5 Baths 5,198 SqFt 0.127 Acres

We are pleased to present this unique investment opportunity to purchase 324 W 51st St, a fully gut-rehabbed property that's about 90 days away from Certificate of Occupancy.  Once completed, the property will stand as a "like new", 6-unit property that will produce positive cash flow for an investor with low risk of incurring major capital expenditures that may be prevalent in a property with dated systems. The Sellers are developers by trade and purchased the property in October 2021. When they initially purchased it, the subject property consisted of four (4) large, one-bedroom units. Since then, the Sellers have gut rehabbed all the unit's interiors and converted each of the four (4) previous 1-bedroom units into 3-bedroom units. Two of the rehabbed units have one bathroom, and an extra half bathroom has been added to the other two. They also added two (2) detached, two-bedroom / 1-bathroom ADUs measuring 641.5 SF each, bringing the total unit count to six (6). The completed property will be delivered vacant, which will help to expand the buyer pool to numerous different investor types outside of the typical owner / operator. Transitional housing groups, low-income housing groups, and other investors looking for property to house niche tenants will have the opportunity to acquire a "like new" asset in an area that is largely starved of them, despite its ongoing gentrification due in large part to its proximity to many of the city's major attractions and entertainment centers. $2,499,000 Active

324 W 51st Street Los Angeles, California

5,198 SqFt 0.126 Acres

Listed by: Filip Niculete, DRE #01905352 from Marcus & Millichap

Don't miss this wonderful opportunity to own your very own income producing Triplex!! All three units have been remodeled. The front and second unit features 3 bedrooms and 2 bath. The third unit features one bedroom, one bath, kitchen and living room. Property has private electric gate. Less than two miles from USC. $1,300,000 Active

128 E 46th Street Los Angeles, California

2,558 SqFt 0.166 Acres

Listed by: Melissa Castro, DRE #02041989 from Active Realty

Don't miss this wonderful opportunity to own your very own income producing Triplex!! All three units have been remodeled. The front and second unit features 3 bedrooms and 2 bath. The third unit features one bedroom, one bath, kitchen and living room. Property has private electric gate. Less than two miles from USC. $1,300,000 Active

128 E 46th Street Los Angeles, California

7 Beds 5 Baths 2,742 SqFt 0.166 Acres

Listed by: Melissa Castro, DRE #02041989 from Active Realty

131 E. 57th St. is a brand new, non rent controlled, 2022, modern duplex that consists of one 2-story duplex with an attached 3 car garage and one open stall, located in South Los Angeles. The building has a projected cap rate of 5.92%! The duplex consists of 5 bedrooms & 3 baths each (3,540 sqft total). Both units have an open floor plan, bringing in lots of natural light, tile flooring throughout common areas, large master bedrooms, laminate flooring throughout all bedrooms, big bathrooms, ample closet space, and in-unit washer & dryer hookups, making this perfect for investors looking to own a cash-flowing asset in Los Angeles. $1,249,000 Active

131 E 57Th St Los Angeles, California

10 Beds 6 Baths 3,540 SqFt 0.117 Acres

131 E. 57th St. is a brand new, non rent controlled, 2022, modern duplex that consists of one 2-story duplex with an attached 3 car garage and one open stall, located in South Los Angeles. The building has a projected cap rate of 5.92%! The duplex consists of 5 bedrooms & 3 baths each (3,540 sqft total). Both units have an open floor plan, bringing in lots of natural light, tile flooring throughout common areas, large master bedrooms, laminate flooring throughout all bedrooms, big bathrooms, ample closet space, and in-unit washer & dryer hookups, making this perfect for investors looking to own a cash-flowing asset in Los Angeles. $1,249,000 Active

131 E 57th Street Los Angeles, California

3,540 SqFt 0.117 Acres

Listed by: Michael Fitzgerald, DRE #02016898 from Power Brokers International

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