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1812 W 51st Street, Los Angeles, California 90062, Los Angeles, 90062 - 5 bed, 2 bath

1812 W 51st Street, Los Angeles, California 90062 home-pic-0
ACTIVE$1,250,000
1812 W 51st Street, Los Angeles, California 90062
5Beds
2Baths
2,029Sqft
8,032Lot

Price Vs. Estimate

The estimated value ($778,660.185) is $471,339.815 (37%) lower than the list price ($1,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Versatility: The property includes a fully remodeled ADU with its own private entrance, kitchen, bathroom, living area, and laundry hookups, explicitly offering 'incredible income potential' and flexibility for living arrangements (live in one, rent the other).
Top Cons:
Significant Overpricing: The listing price of $1.25M is substantially higher (37% above) the estimated property value of $778,660, which could deter potential buyers and prolong market time.

Compared to the nearby listings

Price:$1.25M vs avg $780.0K (+$470,000)92%
Size:2,029 sqft vs avg 1,301 sqft81%
Price/sqft:$616 vs avg $55859%

More Insights

Built in 1911 (114 years old).
Condition: Despite being built in 1911, the property has undergone extensive and recent renovations, as evidenced by the description and images. Both the main residence and the ADU feature modern, high-quality finishes including new white shaker cabinets, quartz countertops, contemporary tile backsplashes, sleek flooring (LVP/engineered wood and modern tile), recessed lighting, and updated bathroom fixtures. The property is described as 'beautifully upgraded' and 'fully remodeled,' indicating that all major components are new or virtually new, meeting current quality standards with no deferred maintenance. The new AC unit for the ADU further supports a recent system update.
Year Built
1911
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$616
HOA
-
Days on market
-
Sold On
-
MLS number
25536969
Home ConditionExcellent
Features
Good View: None
Patio
View-

About this home

Exceptional Opportunity in Prime Park Hills Heights! Discover the perfect blend of space, style, and location with this beautifully upgraded home and fully remodeled ADU, nestled in the highly desirable Park Hills Heights neighborhood of Los Angeles. Whether you're a first-time homebuyer or a savvy investor, this property is a rare find with incredible income potential. The main residence features 4 spacious bedrooms and 2 modern bathrooms, with a bright, open-concept layout that seamlessly connects the living room, dining area, and gourmet kitchen. You'll love the contemporary finishes including quartz countertops, a striking black tile backsplash, new cabinetry, sleek flooring, fresh paint, and large windows that flood the space with natural light. Step outside to the tastefully updated 1-bed, 1-bath ADU, complete with its own private entrance, kitchen, bathroom, living area, and laundry hookups ideal for generating rental income or hosting extended family. Enjoy unparalleled access to all that LA has to offer: just minutes from Downtown, LAX, USC, SoFi Stadium, Crypto.com Arena, and the vibrant beach cities of Santa Monica, Venice, Manhattan Beach, and beyond. You're also within easy reach of the ports of Long Beach and San Pedro truly a commuter's dream! Don't miss this opportunity to own a versatile, move-in-ready property in one of LA's most up-and-coming neighborhoods. Live in one unit and rent the other, or lease both either way, it's a win.

Price History

Date
Event
Price
05/28/24
Sold
$1,300,000
08/24/22
Sold
$850,000
07/06/18
Sold
$550,000
Condition Rating
Excellent
Despite being built in 1911, the property has undergone extensive and recent renovations, as evidenced by the description and images. Both the main residence and the ADU feature modern, high-quality finishes including new white shaker cabinets, quartz countertops, contemporary tile backsplashes, sleek flooring (LVP/engineered wood and modern tile), recessed lighting, and updated bathroom fixtures. The property is described as 'beautifully upgraded' and 'fully remodeled,' indicating that all major components are new or virtually new, meeting current quality standards with no deferred maintenance. The new AC unit for the ADU further supports a recent system update.
Pros & Cons

Pros

Income Potential & Versatility: The property includes a fully remodeled ADU with its own private entrance, kitchen, bathroom, living area, and laundry hookups, explicitly offering 'incredible income potential' and flexibility for living arrangements (live in one, rent the other).
Prime Location & Accessibility: Situated in the 'highly desirable Park Hills Heights neighborhood' with 'unparalleled access' to major LA hubs like Downtown, LAX, USC, SoFi Stadium, Crypto.com Arena, and vibrant beach cities, making it a 'commuter's dream'.
Extensive Modern Upgrades: Both the main residence and ADU have undergone significant upgrades, featuring contemporary finishes such as quartz countertops, a black tile backsplash, new cabinetry, sleek flooring, fresh paint, and large windows.
Spacious Main Residence: The main home offers a generous 4 spacious bedrooms and 2 modern bathrooms with a bright, open-concept layout, appealing to families or those needing ample living space.
Move-in Ready Condition: The description emphasizes 'beautifully upgraded' and 'fully remodeled' status for both units, suggesting minimal immediate investment or renovations for new owners.

Cons

Significant Overpricing: The listing price of $1.25M is substantially higher (37% above) the estimated property value of $778,660, which could deter potential buyers and prolong market time.
Age of Original Structure: Built in 1911, the main residence, despite upgrades, may still present inherent maintenance challenges or require further investment in major systems (e.g., HVAC, full plumbing/electrical overhaul for the main house) not explicitly detailed as updated.
Lack of Distinctive Outdoor Features: While the lot size is decent, the description does not highlight any specific outdoor living spaces, elaborate landscaping, or desirable views, which could be a missed opportunity or a drawback for some buyers in the competitive LA market.

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