Renovated Duplex with Separate
For Sale
$795,000
1016 W 51st Place, Los Angeles, CA 90037
Two detached units offered with separate electrical and gas meters, including recent renovations and parking between buildings.
Property SizeContact for details
Days on Market177
Property Features for 1016 W 51st Place
General Information
Standard status
Active
Property subtype
Multi Family
Occupancy
50%
Additional Details
Multifamily Units
2
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
Rico and Rico Realty and Assoc
(562) 640-0056
Listed By:
Jorge Rico · License #01842469
(562) 640-0056
Source:
Exitrealty
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rico and Rico Realty and Assoc
Investment Insights
Based on property information with market context.
This property is a duplex configuration with two detached units, each independently metered for electricity and gas. The front unit features an open floor concept with three bedrooms and two bathrooms as described, and will be delivered vacant at closing. Renovations within the last 5 to 10 years include kitchen and bathroom updates, a new laundry area, HVAC system installation, electrical upgrade and rewire, along with flooring, windows, and customized window shutters.
The rear unit is described as a two-bedroom, one-bath layout and will be delivered with a tenant in place. Updates include a roof replacement approximately three years ago, as well as window and flooring replacements, kitchen updates within the last five years, and electrical rewire with a sub-panel update. A newly cemented parking area sits between the units, and there is a one-car garage attached to the back unit available for the new owner’s use.
Both units have separate electrical and gas meters, supporting independent utility management for each residence.
The rear unit is described as a two-bedroom, one-bath layout and will be delivered with a tenant in place. Updates include a roof replacement approximately three years ago, as well as window and flooring replacements, kitchen updates within the last five years, and electrical rewire with a sub-panel update. A newly cemented parking area sits between the units, and there is a one-car garage attached to the back unit available for the new owner’s use.
Both units have separate electrical and gas meters, supporting independent utility management for each residence.
Key Highlights
- Two detached units on one lot built in 1923, each with separate electrical and gas meters
- Front unit: 3 bedrooms and 2 baths delivered vacant at closing; renovated in the last 5–10 years (kitchen/baths, HVAC, electrical upgrade, flooring, windows, shutters)
- Back unit: 2 bedrooms and 1 bath delivered with tenant in place; roof replaced 3 years ago and kitchen/windows/flooring updated within the last 5 years
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two detached units offered with separate electrical and gas meters, including recent renovations and parking between buildings.
Where is this duplex located?
The property is located at 1016 W 51st Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two detached units on one lot built in 1923, each with separate electrical and gas meters; Front unit: 3 bedrooms and 2 baths delivered vacant at closing; renovated in the last 5–10 years (kitchen/baths, HVAC, electrical upgrade, flooring, windows, shutters); Back unit: 2 bedrooms and 1 bath delivered with tenant in place; roof replaced 3 years ago and kitchen/windows/flooring updated within the last 5 years
