1132 E 53rd Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This Residential Income Duplex represents a strategic Value-Add Asset in a high-demand Los Angeles corridor. Currently listed at $699,000, the property is positioned above the $558,241 Fair Market Value, necessitating a disciplined investment analysis. With a Condition Rating of 5, the 1907 structure requires comprehensive rehabilitation to capture market-rate rents. The 5,118 sq. ft. lot offers gated parking near USC and Downtown LA, with Hooper Avenue Elementary and Aurora Elementary nearby. This is a prime acquisition for Fix-and-Flip Investors or Value-Add Developers seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1132 E 53rd Street Subject | $699,000* List Price | 0 | 0 | 1,520 | $367 | - |
A 151 E 54th Street Sold | $649,000 | 0 | 0 | 1,525 | $426 | 1.0 mi |
B 203 E 56th Street Sold | $745,000 | 0 | 0 | 1,926 | $387 | 0.9 mi |
C 1375 E 46th Street Sold | $815,000 | 0 | 0 | 1,803 | $452 | 0.6 mi |
D 904 E 52nd Active | $615,000 List Price | 2 | 2 | 1,542 | $399 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907, this property shows significant signs of age and deferred maintenance. Both kitchens feature extremely outdated and worn cabinets, old tile countertops, and older appliances (aside from potentially newer refrigerators). The bathrooms are very basic, with dated fixtures and visible wear. Walls throughout the units appear discolored, stained, and show peeling paint. The exterior also indicates a need for substantial upkeep. The property requires extensive repairs and rehabilitation to update major systems and bring it to modern living standards, making it uncomfortable in its current state.
The property is a duplex with two separate units, each featuring 2 bedrooms and 1 bathroom, offering immediate income potential for investors or an owner-occupier.
Nestled in a growing and centrally located neighborhood (90011), providing quick access to Downtown LA, USC, Exposition Park, and major freeways, ensuring steady rental demand.
The lot includes a private gated yard and offers potential for future upgrades or expansion, adding long-term value and customization opportunities.
Built in 1907, the property is over a century old, which may imply the need for significant investment in updating outdated systems (plumbing, electrical) and addressing deferred maintenance.
The property is listed at $699,000, a nearly 40% increase from its last sale price of $500,000 in February 2022, which may warrant careful market analysis to justify the current valuation.
While expansion is mentioned, the 'buyer to verify' clause indicates that the feasibility, zoning compliance, and associated costs are unknown, placing the burden of due diligence and potential risks on the buyer.
Prime Investment Opportunity in the Heart of Los Angeles! This charming duplex offering two separate units, each featuring 2 spacious bedrooms and 1 full bathroom. Nestled in a growing and centrally located neighborhood of Los Angeles (90011), this property is ideal for investors looking for income potential or homeowners seeking to live in one unit and rent the other. Each unit boasts a functional floor plan, and classic LA character throughout. The lot offers ample parking, a private gated yard and potential for future upgrades or expansion (buyer to verify).Conveniently located near schools, shops, and major freeways, this property provides quick access to Downtown LA, USC, and Exposition Park. Whether you’re looking to start or grow your investment portfolio, this duplex offers endless potential and steady rental demand. Don’t miss out on this versatile opportunity schedule your private showing today!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 1-5 • 0.1 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,520 | 1,974 | 18% |
| Lot Size | 5,118 | 5,288 | 42% |
| Price | $699.0K | $745.0K | 45% |
| Price per sq ft | $460 | $387 | 73% |
| Built year | 1907 | 1912 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 334 | 218 | 88% |
Feb 18, 2022
$500,000
Public Record
Apr 26, 1999
$195,000
Public Record
Jul 30, 1998
$85,000
Public Record
Feb 28, 1997
$120,000
Public Record
Aug 19, 1996
$34,500
Public Record