1248 W 51st Place Los Angeles, CA 90037
Vermont Square NeighborhoodEstimated payment $3,352/month
Highlights
- Craftsman Architecture
- Wood Flooring
- Landscaped
- Fireplace in Bathroom
- Front Porch
- Ceiling Fan
About This Home
****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 Agent
SG Murray & Assoc/Playa Marina License #01059811 Listed on: 12/04/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,100 Sq Ft Lot
- Gated Home
- Landscaped
Parking
- 4 Car Garage
Home Design
- Triplex
- Craftsman Architecture
- Fixer Upper
- Shingle Roof
- Stucco
Interior Spaces
- 2,068 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Dining Room with Fireplace
- Laundry in unit
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Wood
- Wood Under Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
- Fireplace in Bathroom
Utilities
- Floor Furnace
- Gas Water Heater
Additional Features
- Front Porch
- City Lot
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5002-002-029
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $802 | $35,963 | $24,480 | $11,483 |
| 2024 | $802 | $35,258 | $24,000 | $11,258 |
| 2023 | $798 | $34,568 | $23,530 | $11,038 |
| 2022 | $777 | $33,891 | $23,069 | $10,822 |
| 2021 | $753 | $33,227 | $22,617 | $10,610 |
| 2020 | $755 | $32,888 | $22,386 | $10,502 |
| 2019 | $739 | $32,245 | $21,948 | $10,297 |
| 2018 | $662 | $31,614 | $21,518 | $10,096 |
| 2016 | $615 | $30,389 | $20,684 | $9,705 |
| 2015 | $610 | $29,934 | $20,374 | $9,560 |
| 2014 | $636 | $29,348 | $19,975 | $9,373 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | Pending | -- | -- | -- |
| 12/04/2025 12/04/25 | For Sale | $625,000 | -- | $302 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: The MLS
MLS Number: 25625577
APN: 5002-002-029
- 1261 W 51st Place
- 1320 W 51st Place
- 1225 W 52nd St
- 1320 W 50th St
- 1159 W 52nd St
- 1246 W 48th St
- 4911 S Normandie Ave
- 1330 W 48th St
- 1159 W 54th St
- 1435 W 53rd St
- 4901 S Normandie Ave
- 5164 Halldale Ave
- 1060 W 51st Place
- 1424 W 49th St
- 4815 S Normandie Ave
- 1500 W 52nd St
- 5211 Halldale Ave
- 5415 S Normandie Ave
- 1501 W 53rd St
- 1462 W 53rd St