986 E 51st St - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$749,000 USD
310-968-7005
986 E 51st St, Los Angeles, CA for Sale
$749,000 USD
Apartments - FOR SALE
1/10
null | 1% Cap Rate

986 E 51st St
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • 986 E. 51st St. presents a charming Craftsman-influenced California bungalow duplex in South Los Angeles, offered at $749,000.
  • The vacant 1-bdrm. unit creates immediate flexibility for an owner-user, first-time buyer, or small-income investor.
  • Downstairs unit has been refreshed with central A/C, wood-style flooring, updated kitchen cabinetry, granite countertops, and tile flooring.
  • A rear carport, on-site parking area, and private yard space add practical day-to-day functionality beyond the interior improvements.
  • Carries the warmth and scale of an early Los Angeles bungalow, with a covered front porch, gabled roofline, wood-sided exterior, mature landscaping.
  • Approx. 3 miles east of USC, Exposition Park, USC Village, BMO Stadium, the LA Memorial Coliseum, The Shrine Auditorium, and nearby museums.

OVERVIEW

986 East 51st is a charming Craftsman-influenced California bungalow duplex in South LA, offered at $749,000 with one unit delivered vacant. Built in 1912, the property totals approx. 1,937 SF and is comprised of a downstairs 3-bdrm./2-bath residence and a separate upstairs 1-bdrm./1-bath unit. The property has the warmth and scale of an early LA bungalow, with a covered front porch, gabled roofline, wood-sided exterior, mature landscaping, and a residential feel that gives it more character than a typical duplex. The downstairs 3-bdrm./2-bath unit has been updated with wood-style flooring, kitchen cabinetry, granite countertops, tile flooring in the kitchen, updated bathroom fixtures, and central A/C. The upstairs 1-bdrm. unit has also been updated and is vacant, giving a buyer the ability to move in, lease it at market rent, or decide how they want the property to work for them from day one. A rear carport, on-site parking area, and private yard space add everyday functionality for tenants or an owner-user. Located near Central Ave, Avalon Blvd, Vernon Ave, and the 110 Freeway, 986 East 51st Street sits within a South Los Angeles neighborhood setting with access to local retail, transit corridors, and major city anchors. The property is also approx. 3 miles east of USC, Exposition Park, USC Village, BMO Stadium, the LA Memorial Coliseum, The Shrine Auditorium, and nearby museums and public spaces. 986 East 51st Street offers a character-rich duplex with immediate flexibility, giving buyers a practical entry point into real estate ownership and long-term portfolio building.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

2

PRICE/UNIT

$374,500

CAP RATE

1%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Craftsman Bungalow Duplex w/ Vacant Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,476 SF

ZONING

R2-1

APN/PARCEL ID

5103-028-027

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.