1150 E 51st, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Income-Producing Triplex serves as a strategic Value-Add Asset in a high-demand Los Angeles rental corridor. Listed at $799,000, the property is positioned relative to a $672,015 Fair Market Value, with the pricing reflecting the high utility of the remodeled upstairs unit and the flexibility of two vacant units for immediate market-rate leasing. Despite a Poor Condition Rating due to its 1905 vintage and deferred maintenance, the parking for 4-6 vehicles and 2,264 sqft of living space offer significant rental upside. This is a calculated acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1150 E 51st Subject | $799,000* List Price | 0 | 0 | 2,264 | $297 | - |
A 1212 E 54th Street Sold | $649,000 | 0 | 0 | 2,496 | $260 | 0.2 mi |
B 5123 S San Pedro St Sold | $775,000 | 0 | 0 | 2,517 | $308 | 0.9 mi |
C 1375 E 46th Street Sold | $815,000 | 0 | 0 | 1,803 | $452 | 0.5 mi |
D 1266 1266 E 50th Active | $925,000 List Price | 5 | 2 | 2,156 | $429 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1905, making it over a century old. While the description states that '1 unit upstairs has been completely remodeled,' there are no interior images provided to assess the quality, style, or recency of this renovation. The exterior image shows a dated building with visible wear and tear, and an overall utilitarian appearance. Without evidence of extensive, recent renovations across all three units and the building's core systems (plumbing, electrical, HVAC, roof, foundation), it is highly probable that the un-remodeled units and the overall infrastructure require substantial repairs and rehabilitation. The age of the property and the limited scope of known renovations suggest that major components likely show significant defects or are well past their expected lifespan, leading to a 'Poor' condition rating for the property as a whole.
The property is a triplex explicitly marketed as an income-producing asset, offering multiple revenue streams from three distinct units.
The ability to 'live in one and rent the others' provides an attractive opportunity for owner-occupant investors to offset mortgage costs.
Two units can be delivered vacant, offering immediate flexibility for the new owner to select tenants, set market rents, or occupy a unit without existing lease obligations.
Built in 1905, the property's age suggests a high likelihood of outdated systems (plumbing, electrical) and potential for significant deferred maintenance in the un-remodeled units.
Only one of the three units has been remodeled, indicating that the other two units will likely require substantial investment for renovation to maximize their rental income and appeal.
Several nearby schools have lower ratings (2s and 3s), which could be a deterrent for families with school-aged children and potentially impact long-term property value appreciation.
Good opportunity to own Income producing property. Lots of potential! Features 3 units in heart of Los Angeles with each unit consisting of 2 bedrooms and 1 bath each. 1 unit upstairs has been completely remodeled. Lot features plenty of parking for 4-6 vehicles. Live in one and rent the others. 2 units can be delivered vacant
No exterior & parking available.
Grades 1-5 • 0.1 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 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 | 2,264 | 2,040.5 | 63% |
| Lot Size | 5,798 | 5,307 | 69% |
| Price | $799.0K | $747.5K | 63% |
| Price per sq ft | $353 | $364 | 47% |
| Built year | 1905 | 1912 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 172 | 209 | 38% |
Nov 1, 2025
$799,000
Initial Listing
Nov 21, 2002
$249,500
Public Record