1060 W 51st, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Strong Value Opportunity is a versatile Duplex plus ADU listed at $839,000—positioned well below the $900,021 Fair Market Value by 6%. This valuation gap provides $61,021 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic modernization, yet offers immediate income potential near USC and major transit hubs. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a multi-unit property in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1060 W 51st Subject | $839,000* List Price | 0 | 0 | 2,397 | $375 | - |
A 1159 W 54th Street Sold | $670,000 | 0 | 0 | 2,144 | $313 | 0.2 mi |
B 1323 W 41st Sold | $699,998 | 0 | 0 | 1,807 | $387 | 1.0 mi |
C 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 1.0 mi |
D 1132 W 56th Sold | $644,000 | 0 | 0 | 1,758 | $366 | 0.3 mi |
E 1361 W Vernon Avenue Sold | $690,000 | 0 | 0 | 1,892 | $365 | 0.7 mi |
F 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.9 mi |
G 1021 W 48th Pending | $699,000 List Price | 5 | 4 | 2,096 | $333 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1909 and shows signs of a renovation that is likely 20+ years old, evidenced by the dated large-format floor tiles and wall-mounted heating units rather than central HVAC. While the exterior features some updated vinyl windows and the structure appears functional, the interior finishes are dated and the overall condition requires cosmetic updates and system modernization to reach current market standards.
The property features a duplex configuration plus a vacant ADU, offering three potential income streams or a flexible owner-user setup in a high-demand rental market.
Situated near USC, BMO Stadium, and the LA Memorial Coliseum, the property is ideally positioned for student housing or short-term rental opportunities with excellent freeway access.
With the seller facilitating 'cash for keys' and the ability to set market rents from day one, investors can maximize their return on investment without traditional tenant turnover hurdles.
The surrounding public schools have consistently low ratings, which may limit the property's appeal to long-term family tenants or owner-occupants with school-aged children.
Built in 1909, the property's age may necessitate higher maintenance costs and potential upgrades to aging infrastructure compared to more modern residential income properties.
NEW OWNER CAN USE AS AN INVESTMENT. CAN SET MARKET RENTS FROM DAY ONE. SELLER SAY LET'S GET IT SOLD! SELLER IS WORKING WITH ONE OF THE TENANT TO BE CASH FOR KEYS. Exceptional opportunity to own a well-maintained duplex in a prime Central Los Angeles location. Situated at 1060 W 51st Place, this versatile property offers approximately 2,397 square feet of living space and is currently being used as a 2 UNITS PLUS ADU (VACANT PROPERTY) providing added flexibility and income potential. The property is configured with ONE 3-bedroom, 2-bath unit and ONE 2-bedroom, 1-bath unit AND ADU studio, making it ideal for both investors and owner-users. The current 2-unit use offers multiple income streams and the flexibility for multi-generational living or an owner-occupant to live in one unit while renting out the others. Located in a rapidly developing area, the property is within close proximity to BMO Stadium, the Los Angeles Memorial Coliseum, the University of Southern California (USC), the California Science Center. Convenient access to the 110, 10, and 105 freeways provides easy connectivity throughout Los Angeles. Excellent opportunity to acquire a flexible, income-producing property in a high-demand rental market with continued growth and development.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-2 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,397 | 2,250 |
| Lot Size | 4,880 | 5,864 |
| Price | $839.0K | $826.7K |
| Price per sq ft | $350 | $395 |
| Built year | 1909 | 1925 |
| HOA | $0 | $0 |
| Days on market | 42 | 83 |
Jun 10, 2026
$839,000
Initial Listing
Oct 30, 2009
$170,000
Public Record
Nov 30, 2006
$620,000
Public Record