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Sold for $650,000
  • $650,000

    1248 W 51st Pl, Los Angeles, CA 90037

    5beds
    3baths
    2,068sqft
    Multi Family
    Built in 1924
    -- sqft lot
    $654,400 Zestimate®
    $314/sqft
    $2,464 Estimated rent

    Home value

    $654,400

    $596,000 - $720,000

    $2,464/mo

    Zestimate® history
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    $4,165/mo

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    What's special

    Generous lot
    ****Exceptional Value-Add Triplex Opportunity**** Two Units Delivered Vacant. Unlock the potential of this rare tri-plex, centrally located in the desirable Vermount Square neighborhood is ideal for investors, owner-users, or anyone looking to capitalize on significant upside. Situated on a generous lot, this property consists of a vacant front single-family residence with 3 bedrooms, plus two rear single units, one of which will also be delivered vacant at closing. Perfect for a buyer who can envision the possibilities. Property is a fixer and is being sold in as-is condition, offering the freedom to renovate, reconfigure, or reposition to your investment strategy. Whether you're planning to modernize the existing units, bring rents to market, or explore expansion potential (buyer to verify), this asset provides a strong foundation with room to grow. The vacant 3-bedroom front home is ready for immediate improvement or occupancy, making it an excellent choice for those interested in living on-site while renovating or for investors seeking a head start on stabilization. The second vacant single provides additional flexibility for upgrading, leasing, or redesigning for maximum return. Located near major transportation routes, shopping, dining, and employment centers, this area continues to attract consistent demand supporting long-term value and future rental growth. Opportunities with multiple vacant units, true add-value potential, and endless possibilities are increasingly hard to find. Don't miss the chance to transform this diamond in the rough into a standout income-producing property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sandra Green-Murray DRE # 01059811 310-729-6682,

    SG Murray & Assoc/Playa Marina 310-827-7802

    Bought with:

    Perla Martinez, DRE # 01794202

    Realty One Group Homelink

    Source: CLAW,MLS#: 25625577MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • None
    Appliances
    • Included: Range/Oven, Refrigerator, Dishwasher, Gas Water Heater
    • Laundry: In Unit
    Features
    • Ceiling Fan(s)
    • Flooring: Mixed, Wood, Wood Under Carpet, Vinyl, Tile
    • Has fireplace: Yes
    • Fireplace features: Bath, Dining Room, Living Room
    Interior area
    • Total structure area: 2,068
    • Total interior livable area: 2,068 sqft

    Property

    Parking
    • Parking features: Garage - 4+ Car
    • Has garage: Yes
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Ground Level w/steps
    • Patio & porch: Front Porch
    • Pool features: None
    • Spa features: None
    • Fencing: Fenced
    • Has view: Yes
    • View description: None
    Lot
    • Size: 5,100 Square Feet
    • Features: Landscaped, Yard, City Lot
    Details
    • Additional structures: None
    • Parcel number: 5002002029
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Craftsman
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Shingle
    Condition
    • Fixer
    • Year built: 1924

    Community & HOA

    Community
    • Security: Gated
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $314/sqft
    • Tax assessed value: $35,963
    • Annual tax amount: $846
    • Date on market: 12/4/2025

    Price history

    DateEventPrice
    1/21/2026Sold$650,000+4%$314/sqft
    Source: CLAW #25625577 Report a problem
    12/17/2025Contingent$625,000$302/sqft
    Source: CLAW #25625577 Report a problem
    12/4/2025Listed for sale$625,000$302/sqft
    Source: CLAW #25625577 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$846 +5.4%$35,963 +2%
    2024$802 +0.6%$35,258 +2%
    2023$798 +2.7%$34,568 +2%
    2022$777 +3.1%$33,891 +2%
    2021$753 -0.2%$33,227 +1%
    2020$755 $32,888 +2%
    2019$755 +14%$32,245 +2%
    2018$662 $31,614 +2%
    2017$662 +1.2%$30,996 +2%
    2016$654 +6.3%$30,389 +1.5%
    2015$615 -3.2%$29,934 +2%
    2014$636 $29,348 +2.5%
    2012-- $28,645 +2%
    2011-- $28,084 +0.7%
    2010-- $27,875 +3.8%
    2007-- $26,860 +2%
    2006-- $26,334
    2005-- $26,334 +4%
    2004-- $25,314 +1.9%
    2003-- $24,851 +2%
    2002-- $24,365
    Find assessor info on the county website

    Neighborhood: South Los Angeles

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $654,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $654,400