1016 W 51st, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Renovated Detached Duplex represents a strategic acquisition listed at $799,000—positioned below the $806,224 Fair Market Value by 1%. This pricing provides $7,224 in Instant Equity. Featuring a Condition Rating of 3, the property includes a vacant 3-bedroom front unit and a 2-bedroom rear unit, both boasting updated kitchens, new HVAC, and upgraded electrical systems. Located minutes from USC and DTLA, the detached layout ensures privacy and high rental appeal in a high-demand corridor. This is a premier choice for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1016 W 51st Subject | $795,000* List Price | 0 | 0 | 1,752 | $454 | - |
A 919 919 1/2 W 49th Sold | $980,000 | 0 | 0 | 1,812 | $541 | 0.3 mi |
B 1361 W Vernon Avenue Sold | $690,000 | 0 | 0 | 1,892 | $365 | 0.7 mi |
C 528 W 43rd Street Sold | $965,000 | 0 | 0 | 2,000 | $483 | 0.8 mi |
D 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.3 mi |
E 608 W 52nd Active | $799,999 List Price | 0 | 0 | 1,498 | $534 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Both units contain more bedrooms and bathrooms than what is officially recorded, which may pose challenges for financing, appraisals, or future permitting requirements.
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.
FULL VACANCY POSSIBLE of 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!!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-2 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,752 | 1,904 | 19% |
| Lot Size | 4,881 | 5,421.5 | 31% |
| Price | $795.0K | $772.5K | 50% |
| Price per sq ft | $454 | $366 | 69% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 175 | 31% |
Apr 22, 2026
$795,000
$799,000
-1% Price Drop
Initial Listing
Feb 19, 2026
$799,000
Initial Listing
Jan 4, 2010
$220,000
Public Record