$625,000

1248 W 51st Place, Los Angeles, CA 90037

5 beds |
3 baths |
2,068 sqft

Multi-Family Home
Built in 1924
5,101sqft lot
—— car garage
$302/sqft
Listed 1 day ago

Property Description

****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.

Listing Status:: Active
Date Added:: December 4, 2025 at 06:00AM
Listing Office:: SG Murray & Assoc/Playa Marina : 310-827-7802
Listing Agent:: Sandra Green-Murray : 310-827-7802
MLS ID:: 25625577

General: Ceiling Fan(s)
Appliances: DishwasherRefrigerator
Flooring: TileVinylWood
A/C: None
Fireplace: BathDining RoomLiving RoomFireplace

General: None
Style: Craftsman
Other Structures: Front Porch
Pool: None
Parking: Parking spaces: 0

Roofing: Shingle
General: Stucco1

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR15002002029
View: None

Source: CRMLS_CL

This listing courtesy of Sandra Green-Murray, SG Murray & Assoc/Playa Marina

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Dr. James Edward Jones Primary Center

1017 W 47th St, Los Angeles, CA, 90037

Grades PK-2

0.48 miles away

John Muir Middle School

5929 S Vermont Ave, Los Angeles, CA, 90044

Grades 6-8

0.70 miles away

Augustus F. Hawkins High School - Responsible Indigenous Social Entrepreneurship

825 W 60th St, Los Angeles, CA, 90044

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.