1016 W 51st Place Los Angeles, CA $ 825,000
1016 W 51st Place
$ 825,000
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1016 W 51st Place

Los Angeles, CA, 90037
$ 825,000
Bedrooms-- Baths2.0 Sq 1,752

Monthly Estimate*

$ 5,698

Listed by Jorge Rico, Rico and Rico Realty and Assoc, jrico@jrico.org
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Multi-Family Home for sale in Los Angeles, CA

for $825,000 with 2 full baths. This 1,752 square foot home was built in 1923 on a lot size of 0.1121.

FULL VACANCY for 2 DETACHED UNITS in the HEART LA! WITHIN 5 MINUTES FROM USC, LA MEMORIAL COLISEUM, BMO STADIUM AND 15 MINUTES FROM SOFI STADIUM, KIA FORUM, INTUIT DOME, CRYPTO ARENA & DTLA. Front unit shows an open floor concept with 3bedrooms+2baths (2bed+1bath on records) which will be delivered vacant at closing. Front unit has undergone renovation in the last 5-10 years in kitchen and bathrooms, new laundry area, HVAC system, electrical upgrade & rewire, flooring, windows and customized windows shutters. Front yard has beautiful and mature avocado, lemon, guava, orange & Japanese plum trees. Back unit shows 2bedrooms+1bath (1bed+1bath on records) which will be delivered vacant with full asking price. Back unit roof was replaced 3 years ago, windows and flooring replaced & kitchen updated within the last 5 years as well as electrical re-wire with sub-panel update. There is a newly cemented parking area in between the units and a one-car garage attached to the back unit available for new owner’s use. Separate electrical & gas meters for each unit. Run before this one is gone!!

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Multi-Family Active

Price

$ 825,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1121

Year Built

1923

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

DW26199935

Days on Market

32

Features
General
Sewer Public Sewer
Garage Spaces 1
Pool Features None
Year Built 1923
Property Subtype Duplex
Gross Income 54000
Community Features Curbs Sidewalks
County Los Angeles
Net Operating Income 49200
Operating Expense 4800
Insurance Expense 2400
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From Normandie Ave make turn in east direction on 51st Pl
City Los Angeles
Entry Location 2
Senior Community Y/N false
Open Parking Spaces 1
Number Of Units Total 2
MLS Area C34 - Los Angeles Southwest
Lot Size Units Square Feet
Lot Size Square Feet 4881
Carport Spaces 0
Listing Terms Conventional 1031 Exchange FHA Fannie Mae Freddie Mac VA Loan
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 1600
Water Sewer Expense 800
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 8
Property Sub Type Additional Duplex
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Interior
Total Stories 1
Common Walls 1 Common Wall
Laundry Features Washer Hookup Gas Dryer Hookup Laundry Room
Entry Level 1
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Exterior
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 2
Lot Size Area 4881
Number of Buildings 2
Building Area Total 1752
Lot Size Acres 0.1121
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
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* Excluded Features
List By
Jorge Rico

Listing Agent

Rico And Rico Realty And Assoc

Broker

jrico@jrico.org

Email

Affordability Calculator

$5,698
Per Month
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Monthly Principal & Interest
$5,698
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/12/2026$825,000 Listed Price

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1016 W 51st Place, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $825,000 with 1,752 sqft and a lot size of 0.1121. 1016 W 51st Place has 2.0 baths and was built in 1923. The property's zip code is 90037 which is in Los Angeles, CA