1519 W 51st Place, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath
1519 W 51st Place
Los Angeles, California 90062
Property Price
SUMMARY
Analysis of 1519 W 51st Place, Los Angeles, California 90062 reveals a Fairly Priced Property with a current list price of $830,000 aligned with the estimated $841,023 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1519 W 51st Place Subject | $830,000* List Price | 3 | 2 | 1,426 | $590 | - |
A 1577 W 45th Street Sold | $999,000 | 5 | 1 | 1,729 | $578 | 0.5 mi |
B 1452 W 52nd Street Sold | $705,000 | 3 | 1 | 1,344 | $525 | 0.1 mi |
C 1612 W 58th Sold | $660,000 | 3 | 2 | 1,048 | $630 | 0.5 mi |
D 4430 Cimarron Street Sold | $800,000 | 3 | 2 | 1,281 | $625 | 0.9 mi |
E 4427 S Wilton Place Sold | $966,756 | 3 | 2 | 1,651 | $586 | 0.8 mi |
F 1453 W 56th Street Active | $829,000 List Price | 3 | 2 | 1,470 | $564 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1911 Craftsman underwent an extensive renovation in 2022, meeting the criteria for 'excellent' condition due to major system upgrades within the last 5 years. Improvements include a new foundation, HVAC, electrical, and insulation. The kitchen and bathrooms are fully modernized with high-quality finishes and new appliances, while the exterior features new artificial turf and drought-tolerant landscaping, leaving no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2022 Infrastructure Upgrades
The property underwent an extensive 2022 remodel that addressed critical systems including a new foundation, HVAC, upgraded electrical, and insulation, significantly reducing immediate capital expenditure for the buyer.
- High Value-Add ADU Potential
The combination of a separate 8'x10' detached office and a converted garage with nearby sewer access provides a turnkey opportunity for a full ADU conversion or multi-functional creative space.
- Preserved Historic Character
This 1911 Craftsman maintains its timeless appeal through original stained glass and wainscoting, seamlessly blended with modern amenities like a drought-tolerant succulent garden and artificial turf.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Loss of Traditional Garage
While the converted garage offers excellent flexible space, the lack of a traditional enclosed garage for secure vehicle storage may be a deterrent for some buyers.
- Compact Living Square Footage
With 1,426 square feet distributed across three bedrooms, the individual room sizes and communal living areas may feel relatively modest for families prioritizing interior volume.
About 1519 W 51st Place
Beautifully Re imagined Craftsman with Modern Upgrades This stunning Craftsman-style home, originally built in 1911, was thoughtfully remodeled in 2022 with extensive upgrades that blend timeless character with modern comfort. Major improvements include a completely new foundation, new HVAC system, upgraded electrical, new insulation with a radiant barrier, and all-new appliances. The remodel also added nearly 400 square feet of bonus spaceideal for a home office, studio, or guest quarters. Classic architectural details such as wainscoting throughout and original stained glass in the front bedroom preserve the home's historic charm. The middle bedroom features three windows that fill the space with beautiful afternoon light, while the spacious and quiet primary suite includes a sizable en-suite bathroom for added comfort. The kitchen was fully updated in 2022 with new appliances and includes a convenient three-stage water filtration system at the sink. Step outside to a large backyard designed for low-maintenance entertaining, complete with brand-new (2026) artificial turf. A separate 8' x 10' detached office provides a private workspace with electricity and in-wall air conditioning. The converted garage offers expansive flexible spaceperfect for a studio, workshop, guest suite, or game room. With full electrical already installed and sewer access brought near the structure, it could easily be converted into an ADU. Gated rear parking accommodates two vehicles comfortably. The front yard was transformed in 2022 into a drought-tolerant oasis, creating a welcoming setting to relax on the cool front porch and enjoy the beautiful succulent garden year-round. Additional features include a Cove alarm system and Kami cameras with remote access for enhanced peace of mind. Move-in ready and priced to sellthis is a rare opportunity to own a character-filled, upgraded home in Los Angeles.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 5,462 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,426 | 1,414 | 50% |
| Lot Size | 5,462 | 5,436.5 | 50% |
| Price | $830.0K | $805.0K | 57% |
| Price per sq ft | $582 | $557 | 60% |
| Built year | 1911 | 1913 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 189 | 3% |
Pricing History
Listed for Sale
Mar 5, 2026
$830,000
Initial Listing
Sold
Mar 1, 2022
$875,000
Public Record
Sold
Aug 18, 2021
$600,000
Public Record