1140 W 51st Place, Los Angeles, California 90037, Los Angeles, 90037 - 3 bed, 2 bath
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Los Angeles, California 90037
This 1909 Craftsman-style residence represents a High-Potential Investment Opportunity, currently listed at $759,000—positioned well above the $640,457 Fair Market Value by 18%. While the property requires significant capital expenditure due to its Fair Condition Rating, the 1,540 sq. ft. floor plan and 4,882 sq. ft. lot provide a solid foundation for a comprehensive rehab. Located near the 110 Freeway and USC, this asset offers strong rental demand potential. This project is best suited for Fix-and-Flip Investors or Contractors capable of executing a full-scale renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 W 51st Place Subject | $659,000* List Price | 3 | 2 | 1,540 | $384 | - |
A 1225 W 52nd Street Sold | $585,000 | 3 | 1 | 1,317 | $444 | 0.1 mi |
B 1021 W 53rd St Sold | $725,000 | 4 | 2 | 1,649 | $440 | 0.2 mi |
C 727 W 53rd Street Sold | $670,000 | 4 | 2 | 1,770 | $379 | 0.5 mi |
D 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.2 mi |
E 1159 W 52nd Street Sold | $583,000 | 4 | 3 | 1,257 | $464 | 0.0 mi |
F 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.4 mi |
G 1345 W 54th Street Active Under Contract | $609,000 List Price | 3 | 1 | 1,356 | $449 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1909, this property shows significant signs of age with no evidence of recent major renovations. The bathroom is highly dated with a plastic surround and old tiling, while the presence of window fans and portable AC units indicates a lack of modern central HVAC. The exterior outbuilding appears dilapidated, and the listing's emphasis on 'potential' and 'great bones' confirms the need for a comprehensive rehab.
This 1909 Craftsman-style home features 1,540 sq. ft. of living space, offering a larger interior footprint than many neighboring properties while retaining historic charm and solid structural integrity.
Ideally situated near the 110 Freeway, the property provides excellent proximity to the University of Southern California (USC) and Downtown Los Angeles, making it highly attractive for professionals, students, and investors.
The residence includes a solid privacy wall surrounding the front yard and a spacious front porch, offering a rare combination of curb appeal, functional outdoor living space, and a secure environment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The majority of assigned public schools in the immediate vicinity carry low performance ratings, with several scoring between 1 and 3, which may be a drawback for families prioritizing education quality.
While the home is in good condition, the marketing emphasis on 'potential' and 'great bones' suggests that buyers may need to budget for cosmetic updates or modern system upgrades to fully realize the property's value.
Beautiful Craftsman-style 3 bedroom, 2 bathroom home located in the desirable Southeast Los Angeles area. This property is in great condition and priced for a quick sale. Featuring approximately 1,540 sq. ft. of living space on a 4,880 sq. ft. lot, this home offers larger interior square footage than many properties in the surrounding area. The spacious front porch and solid privacy wall surrounding the front yard provide both charm, security, and privacy.This home has great bones and incredible potential for a buyer looking to create another stunning classic Los Angeles residence. Conveniently located near the 110 Freeway with close proximity to University of Southern California, Downtown Los Angeles, shopping, dining, and many of the amenities South Los Angeles has to offer. *we used Ai on hallway photo laundry space to remove laundry and some personal items.
No exterior & parking available.
Grades K-2 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,540 | 1,317 | 65% |
| Lot Size | 4,882 | 5,359 | 29% |
| Price | $659.0K | $670.0K | 45% |
| Price per sq ft | $428 | $476 | 26% |
| Built year | 1909 | 1912 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 166 | 6% |
Jun 5, 2026
$659,000
$759,000
-13% Price Drop
Initial Listing
May 7, 2026
$759,000
Initial Listing
Sep 28, 1993
$92,272
Public Record