1132 E 53rd Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
1132 E 53rd Street
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 1132 E 53rd Street, Los Angeles, California 90011 is currently available with a list price of $699,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
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 Both kitchens feature extremely outdated and worn cabinets, old tile countertops, and older appliances (aside from potentially newer refrigerators).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.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Duplex
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.
- Central Los Angeles Location
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.
- Development/Expansion Potential
The lot includes a private gated yard and offers potential for future upgrades or expansion, adding long-term value and customization opportunities.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1907, the property is over a century old, which may imply the need for significant investment in updating outdated systems (plumbing, electrical) and addressing deferred maintenance.
- Substantial Price Appreciation
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.
- Unverified Expansion Potential
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.
About 1132 E 53rd Street
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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1907
- Lot Size
- 5,118 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Aurora Elementary School
Grades K-5 • 0.1 mi
Hooper Avenue Elementary School
Grades 1-5 • 0.1 mi
Forty-Ninth Street Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,520 | 1,926 | 17% |
| Lot Size | 5,118 | 5,234 | 45% |
| Price | $699.0K | $699.0K | 50% |
| Price per sq ft | $460 | $373 | 79% |
| Built year | 1907 | 1912 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 287 | 232 | 76% |
Pricing History
Sold
Feb 18, 2022
$500,000
Public Record
Sold
Apr 26, 1999
$195,000
Public Record
Sold
Jul 30, 1998
$85,000
Public Record
Sold
Feb 28, 1997
$120,000
Public Record
Sold
Aug 19, 1996
$34,500
Public Record