1452 West 53rd Street

Los Angeles, CA 90062

$799,000
Price
4
Beds
2
Baths
1,776 Sq. Ft.
$450 / Sq. Ft.
1,776
Sq. Ft.
$450
per Sq. Ft.

Description

FANTASTIC INVESTMENT OPPORTUNITY in a prime South LA Location! Assumable FHA Loan at 3.5% ! This Clean and Spacious Duplex promises amazing potential for investors (hold or fix and flip) or owner occupant with a possibility of adding a third ADU unit! Situated in close proximity to highly sought-after areas including USC, DTLA, Expo Park, Leimert Park, West Adams and Jefferson Park, and with easy access to the 110 FWY and Inglewood. The interior of both units has been thoughtfully upgraded to offer...FANTASTIC INVESTMENT OPPORTUNITY in a prime South LA Location! Assumable FHA Loan at 3.5% ! This Clean and Spacious Duplex promises amazing potential for investors (hold or fix and flip) or owner occupant with a possibility of adding a third ADU unit! Situated in close proximity to highly sought-after areas including USC, DTLA, Expo Park, Leimert Park, West Adams and Jefferson Park, and with easy access to the 110 FWY and Inglewood. The interior of both units has been thoughtfully upgraded to offer modern comforts and style. Both units have Washer/Dryer inside the house. 2 car garage detached, with alley access. Also, the front yard offers ample parking space. One unit can be delivered fully vacant (negotiable), making it an ideal opportunity for an owner-occupant looking to supplement their mortgage. The property has an expansive lot, proving ample space for future development. The seller can also include plans to build additional 2 bed / 1 bath unit (negotiable), opening up possibilities for even greater income potential! (The potential additional unit could have its own SEPARATE ENTRANCE through the back alley). (A similar renovated property with upgraded 3 units, right across the street, sold for $1.1m over a year ago!) Whether you are looking to expand your real estate portfolio or buy your first house with a huge upside potential, this property property offers a solid foundation for success! FHA, Conventional and VA Loans welcome!
  1. Listed by Aleksandra Ola Daniel • DRE #02206261 • Brokerage DRE #01180851 • Real Broker

Property Details for 1452 West 53rd Street

Zoning
LAR4
Parcel Number
5003016027
Total Units
2.0
Living Area
1776
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
5700

Location

Listing Courtesy of Real Broker, Aleksandra Ola Daniel, DRE #02206261
Add your commute
LISTING UPDATED: 04/23/2024 02:26 PM

Property Details for 1452 West 53rd Street

StatusActive
MLS #24-379885
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.13 AC / 5,700 SF
CountyLos Angeles County

Location

Listing Courtesy of Real Broker, Aleksandra Ola Daniel, DRE #02206261
Add your commute

Building Information for 1452 West 53rd Street

Stories1Residences-Year Built1922Building Size-Lot Size0.13 AC / 5,700 SF

Payment Calculator

$4,903 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,360

Property Taxes

$543

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1452 West 53rd Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $64,800
  • Net Operating Income: $63,000.00
  • Gross Income: $64,800
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $12.30
  • Total Annual Expense: 1800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1308
  • Lot Size Square Feet: 5700
Parking Details
Parking Details
  • Parking Garage: Garage Is Detached, Garage - 2 Car, Driveway
  • Total Parking: 2
  • Parking Features: Garage - Two Door, Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins, Dishwasher, Dryer, Range/Oven, Washer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,074.00
  • Unit Actual Rent: $1,074.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,634.00
  • Assessed Improvement Percent: 36.46
  • Assessed Land Value: $327,020.00
  • Assessed Land Percent: 63.54
  • Assessed Total Value: $514,654.00

Property History for 1452 West 53rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1452 West 53rd Street

Taxable ValueLand$327,020Additions$187,634Total$514,654
Tax Record2023$6,518 ($543 / month)
Home Facts
Total Finished SqFt1,776 SqFtAbove Grade Finished SqFt1,776 SqFtLot Size5,700 SqFtStyleDuplexYear Built1922ZoningLAR4CountyLOS ANGELESAPN5003-016-027

Schools near 1452 West 53rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Normandie Avenue Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1452 West 53rd Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on April 14, 2024 by Real Broker, it's currently listed at $799,000. It has been on the market for a total of 19 days and was last sold on October 12, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Normandie Avenue Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 1452 West 53rd Street is a 4-bed, 2-bath, 1,776 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, Aleksandra Ola Daniel, DRE #02206261

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.