685 E 51st Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$600,000$2,232/sqft
685 E 51st Street, Los Angeles, California 90011
0Bed
0Bath
2,232Sqft
7,503Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: As a Triplex, the property offers significant potential for rental income from multiple units, appealing to investors seeking cash flow.
Top Cons:
Extensive Renovation Required: The 'Fixer' status indicates a need for substantial and potentially costly renovations to bring the property to modern living standards and address deferred maintenance.
Compared to the nearby listings
Price:$600.0K vs avg $649.0K ($-49,000)31%
Size:2,232 sqft vs avg 2,076 sqft62%
Price/sqft:$269 vs avg $33721%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924 and explicitly described as a 'Fixer,' the property is in an unlivable state. Images reveal severe dilapidation, including boarded-up windows, extensive peeling paint, and what appears to be a partially collapsed or completely deconstructed structure with exposed framing and missing walls. There are no visible functional kitchens or bathrooms; the property requires demolition or a complete rebuild from the ground up. Its value is solely based on the land and redevelopment potential.
Year Built
1924
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$269
HOA
-
Days on market
-
Sold On
-
MLS number
CV25117354
Home ConditionTear down
Features
View-
About this home
Fixer
K
Kareem Gates
Listing Agent
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.1mi
2/10
Aurora Elementary School
Public,•K-5•0.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.5mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.7mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•0.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
Condition Rating
Tear down
Built in 1924 and explicitly described as a 'Fixer,' the property is in an unlivable state. Images reveal severe dilapidation, including boarded-up windows, extensive peeling paint, and what appears to be a partially collapsed or completely deconstructed structure with exposed framing and missing walls. There are no visible functional kitchens or bathrooms; the property requires demolition or a complete rebuild from the ground up. Its value is solely based on the land and redevelopment potential.
Pros & Cons
Pros
Income-Generating Potential: As a Triplex, the property offers significant potential for rental income from multiple units, appealing to investors seeking cash flow.
Value-Add Opportunity: Explicitly described as a 'Fixer,' this property presents a substantial opportunity for renovation and value appreciation for an investor or owner-occupant willing to undertake improvements.
Generous Lot Size: With a 7,503 sqft lot in Los Angeles, there is ample space for potential expansion, landscaping, or creating desirable outdoor living areas.
Prime Urban Location: Situated in Los Angeles, the property benefits from the city's strong real estate market, high demand, and access to a wide array of amenities and employment opportunities.
Historical Charm Potential: Built in 1924, the property possesses historical character that, with thoughtful renovation, could be restored and highlighted as a unique selling point.
Cons
Extensive Renovation Required: The 'Fixer' status indicates a need for substantial and potentially costly renovations to bring the property to modern living standards and address deferred maintenance.
Advanced Age of Structure: Built in 1924, the property is nearly a century old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC) and potential structural issues that will require significant investment.
Uncertain Current Condition: The brief description and lack of detailed condition reports imply significant unknowns regarding the extent of necessary repairs and upgrades, posing a risk for buyers.