$795,000
-$4,0001016 W 51st Place, Los Angeles CA 90037
Multi-Family (Duplex)
Property type
106 days
On market
$454
Price per sqft
1 car
Garage
1923
Year built
4,881 sqft
Lot size
Open Houses
Overview
FULL VACANCY POSSIBLE of 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...
Listing provided by: Jorge Rico DRE #01842469 562-640-0056, Rico and Rico Realty and Assoc
Listing updated: May 10, 2026 at 07:12pm.
Last checked: Jun 4, 2026 at 09:00am
Source: CRMLS #DW26037253
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $0 | $0 | $3,500 | Unfurnished |
| 1 | 2 | 1 | — | $1,470 | $1,470 | $2,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
7.04%
NOI / List Price
Gross Scheduled Income: $60,000
Operating Expense: $59,640
Net Operating Income: $55,966
Annual Operating Expenses
Electric: $0
Gardener: $550
Fuel: $0
Insurance: $1,146
Licenses: $115
Trash: $0
Water / Sewer: $1,864
Interior
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 1
Uncovered Spaces: 1
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5002030019
Additional Parcels: No
Tax Lot: 8
Community
Senior Community: No
Community Features: Curbs, Sidewalks
Nearby Schools
Nearby schools around the 1016 W 51st Place, Los Angeles, CA 90037. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$636,000
Total Interest
$811,183
Total Payment
$1,447,183
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$4,998
per month
Property History for 1016 W 51st Place
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90037.
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