1016 W 51st Place, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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1016 W 51st Place
Los Angeles, California 90037
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,752Sq Ft
4,881Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$811,046
SUMMARY
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $825,000—positioned slightly above the $811,047 Fair Market Value. Featuring a Condition Rating of 3, both units offer significant recent capital improvements, including HVAC, electrical rewiring, and updated kitchens. The Full Vacancy status allows for immediate market-rate leasing or owner-occupancy. With its proximity to USC and major sports venues, this property provides strong rental demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in a central location.
Estimated Market Value
$811,046
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1016 W 51st Place Subject 0 bd · 0 ba · 1,752 sqft · $463 | $825,000* List Price | 0 | 0 | 1,752 | $463 | - |
A 420 W 53rd Sold 0 bd · 0 ba · 1,893 sqft · $497 · 0.6 mi | $940,000 | 0 | 0 | 1,893 | $497 | 0.6 mi |
B 919 919 1/2 W 49th Sold 0 bd · 0 ba · 1,812 sqft · $541 · 0.3 mi | $980,000 | 0 | 0 | 1,812 | $541 | 0.3 mi |
C 326 -328 W 47th Sold 0 bd · 0 ba · 1,738 sqft · $532 · 0.8 mi | $925,000 | 0 | 0 | 1,738 | $532 | 0.8 mi |
D 1361 W Vernon Avenue Sold 0 bd · 0 ba · 1,892 sqft · $365 · 0.7 mi | $690,000 | 0 | 0 | 1,892 | $365 | 0.7 mi |
E 1146 W 52nd Active 0 bd · 0 ba · 1,720 sqft · $517 · 0.2 mi | $890,000 List Price | 0 | 0 | 1,720 | $517 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1923, both units have undergone significant renovations within the last 5-10 years. Key updates include modernized kitchens and bathrooms, new flooring, windows, and critical system upgrades such as HVAC, electrical rewiring, and a 3-year-old roof on the back unit, making the property well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Full Vacancy & Income Potential
Both detached units will be delivered vacant at closing, providing a rare opportunity for investors to immediately set market-rate rents or for owner-occupiers to move in without the complications of tenant relocation.
- Strategic Central Location
Situated within five minutes of USC and major sports venues like BMO Stadium, and fifteen minutes from DTLA and SoFi Stadium, the property is ideally positioned to attract high rental demand from students and professionals.
- Extensive Capital Improvements
The property features significant recent upgrades, including updated kitchens and baths, newer roofing, HVAC systems, and full electrical rewiring, which minimizes immediate maintenance costs and enhances overall value.
CONSRISKS & DEFICIENCIES
- Permit and Record Discrepancies
Both units contain more bedrooms and bathrooms than what is officially recorded, which may pose challenges for appraisals, traditional financing, or future building permits.
- Low Local School Ratings
The majority of assigned public schools in the immediate vicinity have low performance ratings, which could limit the property's appeal to families prioritizing high-quality educational districts.
About 1016 W 51st Place
FULL VACANCY for 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 vacant with full asking price. 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
- 0
- 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
3/10
Dr. James Edward Jones Primary Center
Grades K-2 • 0.3 mi
0/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,752 | 2,090.331 |
| Lot Size | 4,881 | 5,852.908 |
| Price | $825.0K | $830.9K |
| Price per sq ft | $471 | $394 |
| Built year | 1923 | 1928 |
| HOA | $0 | $0 |
| Days on market | 59 | 87 |
Pricing History
Listed for Sale
Sep 11, 2026
$825,000
Initial Listing
Sold
Jan 4, 2010
$220,000
Public Record