986 E 51st St is a Craftsman-influenced California bungalow duplex in South Los Angeles, offered at $699,000 with one unit delivered vacant. Built in 1912, it has the warmth and scale of an early LA bungalow, with a covered front porch, gabled roofline, wood-sided exterior, and mature landscaping.
The property includes a downstairs 3-bedroom, 2-bath residence and a separate upstairs 1-bedroom, 1-bath unit. The downstairs 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 unit has also been updated and will be delivered vacant.
A buyer can move in, lease it at market rent, or decide how they want the property to work for them from day one.
The property has a rear carport, on-site parking for 4 cars, and private yard space, which add everyday function for tenants or an owner-user.
| Unit | Current Rent | Projected Rent |
|---|---|---|
| 3 Bed, 2 Bath | $3,100 | $3,600 |
| 1 Bed, 1 Bath (vacant) | $0 | $1,595 |
At projected rents of $5,195 per month, the property operates at an estimated 11.21 GRM.
The property is approx. half a mile from 49th Street Elementary, George Washington Carver, Dr. Maya Angelou Community High School, and South Park Recreation Center. It’s also near Central Ave, Avalon Blvd, Vernon Ave, and the 110 Freeway, approx. 3 miles east of USC.
101 N Kenmore Ave brings together Spanish-style character, a gated courtyard entry, current income, completed system work, and approx. 25% rental upside in a central Los Angeles location.
At $195,000 per unit and $203 per SF, the property gives buyers a practical price point in Melrose Hill with a clear improvement plan already in place. The appeal is simple: existing income, building character, completed system work, and room to improve rents in a location that continues to connect tenants to several established parts of Central LA.
2 Units (Duplex)
$349,500
1,796 SF
$389
4,478 SF
1912
Not provided
11.21
LAR2
Whether you are thinking about selling now or simply exploring possibilities, we are happy to review your property, discuss current value, and share perspective on how the market is treating assets like yours today.
