1132 E 53rd Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$699,000$1,520/sqft
1132 E 53rd Street, Los Angeles, California 90011
0Bed
0Bath
1,520Sqft
5,118Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
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Built in 1907, the property is over a century old, which may imply the need for significant investment in updating outdated systems (plumbing, electrical) and addressing deferred maintenance.
Compared to the nearby listings
Price:$699.0K vs avg $699.0K (+$0)50%
Size:1,520 sqft vs avg 2,076 sqft17%
Price/sqft:$460 vs avg $34083%
More Insights
Built in 1907 (119 years old).
Condition: 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 Both kitchens feature extremely outdated and worn cabinets, old tile countertops, and older appliances (aside from potentially newer refrigerators).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.
Year Built
1907
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
PW25115182
Home ConditionPoor
Features
View-
About this home
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!
V
Victor Baltazar
Listing Agent
Nearby schools
2/10
Aurora Elementary School
Public,•K-5•0.1mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.7mi
2/10
Holmes Avenue Elementary School
Public,•K-6•0.8mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
5/10
Estrella Elementary School
Public,•K-5•1.0mi
5/10
Lillian Street Elementary School
Public,•K-6•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.4mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.7mi
5/10
Pacific Boulevard School
Public,•K-5•1.9mi
5/10
Twentieth Street Elementary School
Public,•K-5•2.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
3/10
Thomas A. Edison Middle School
Public,•6-8•0.9mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.5mi
6/10
Vernon City Elementary School
Public,•K-7•1.6mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.4mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
4/10
Huntington Park Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.9mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•4.1mi
Price History
Date
Event
Price
04/26/99
Sold
$195,000
07/30/98
Sold
$85,000
02/28/97
Sold
$120,000
08/19/96
Sold
$34,500
02/18/22
Sold
$500,000
Condition Rating
Poor
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.
Pros & Cons
Pros
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.
Ample Parking: The property provides ample parking, a significant advantage in a dense urban area like Los Angeles, enhancing tenant appeal and convenience.
Classic Architectural Character: Each unit boasts a functional floor plan and retains 'classic LA character,' which can be a desirable feature for buyers appreciating historic charm.
Cons
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.