1016 W 51st, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
1016 W 51st
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1016 W 51st, Los Angeles, California 90037 is currently available with a list price of $799,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone significant renovations that exceed its 1923 build date. The front unit was updated 5-10 years ago with modern kitchen and bathroom finishes, new HVAC, and electrical upgrades, while the back unit received a new roof and kitchen updates within the last 5 years. The presence of recessed lighting, updated flooring, and stainless steel appliances across both units indicates well-maintained systems and contemporary styling.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Strategic Location
Situated within 5 minutes of USC and major sports venues like the LA Memorial Coliseum and BMO Stadium, this property is positioned in a high-demand area for student housing and short-term rentals.
- Extensive Recent Renovations
Both units have undergone significant capital improvements, including electrical rewiring, updated kitchens and bathrooms, and a new HVAC system in the front unit, reducing the need for immediate maintenance.
- Detached Dual-Unit Configuration
The property features two detached units with separate gas and electrical meters, offering a vacant front unit for owner-occupancy and a tenant-occupied back unit for immediate rental income.
CONSRISKS & DEFICIENCIES
- Discrepancy in Official Records
Both units contain more bedrooms and bathrooms than what is officially recorded, which may pose challenges for financing, appraisals, or future permitting requirements.
- Low-Rated Local Schools
The majority of the assigned public schools for this address have low performance ratings, which could limit the property's appeal to long-term family tenants.
About 1016 W 51st
2 DETACHED UNITS in the HEART LA! WITHIN 5 MINUTES FROM USC, LA MEMORIAL COLISEUM, BMO STADIUM AND 15 MINUTES FROM SOFI STADIUM, KIA FORUM, INTUIT DOME, CRYPTO ARENA & DTLA. Front unit shows an open floor concept with 3bedrooms+2baths (2bed+1bath on records) which will be delivered vacant at closing. Front unit has undergone renovation in the last 5-10 years in kitchen and bathrooms, new laundry area, HVAC system, electrical upgrade & rewire, flooring, windows and customized windows shutters. Front yard has beautiful and mature avocado, lemon, guava, orange & Japanese plum trees. Back unit shows 2bedrooms+1bath (1bed+1bath on records) which will be delivered with tenant in place. Back unit roof was replaced 3 years ago, windows and flooring replaced & kitchen updated within the last 5 years as well as electrical re-wire with sub-panel update. There is a newly cemented parking area in between the units and a one-car garage attached to the back unit available for new owner’s use Separate electrical & gas meters for each unit. Run before this one is gone!!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1923
- Lot Size
- 4,881 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fifty-Second Street Elementary School
Grades K-5 • 0.3 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.3 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,752 | 2,419 | 15% |
| Lot Size | 4,881 | 5,409.5 | 25% |
| Price | $799.0K | $890.0K | 35% |
| Price per sq ft | $456 | $324 | 70% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 259 | 5% |
Pricing History
Listed for Sale
Feb 19, 2026
$799,000
Initial Listing
Sold
Jan 4, 2010
$220,000
Public Record