1435 W 53rd, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE UNDER CONTRACT$999,000$2,431/sqft
1435 W 53rd, Los Angeles, California 90062
0Bed
0Bath
2,431Sqft
5,621Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: Features three separate 2-bedroom, 1-bathroom units, providing strong, steady income potential and flexibility for owner-occupancy with supplemental income.
Top Cons:
Active Under Contract Status: The property is currently 'Active Under Contract,' meaning it is not readily available for new offers, limiting immediate investment opportunities.
Compared to the nearby listings
Price:$999.0K vs avg $960.0K (+$39,000)53%
Size:2,431 sqft vs avg 2,431 sqft50%
Price/sqft:$411 vs avg $41150%
More Insights
Built in 1930 (96 years old).
Condition: Despite being built in 1930, the property has been 'beautifully remodeled' as stated in the description, and the images confirm a very recent and extensive renovation. The kitchens feature new white shaker cabinets, white countertops, subway tile backsplashes, and new stainless steel dishwashers. Bathrooms are completely updated with modern vanities, black fixtures, round mirrors, new tile flooring, and walk-in showers with contemporary tile designs. All flooring throughout the units appears to be new, light-toned laminate or LVP. Light fixtures are modern, and the overall aesthetic is fresh and current, indicating an extensive renovation likely within the last 5 years, bringing all visible components to a virtually new condition.
Year Built
1930
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
SB26000028
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Beautifully remodeled multi-family triplex featuring three separate units, each offering 2 bedrooms and 1 bathroom—a total of 6 bedrooms and 3 bathrooms across approximately 2,431 square feet of living space.The property provides ample parking & detached garages, a rare and valuable feature for a multi-unit asset. Situated on a 5,621 square foot lot, this well-maintained investment opportunity offers both functionality and steady strong income potential.Conveniently located in close proximity to major transportation routes, shopping, dining, and local amenities, making it highly desirable for tenants and ideal for owner-occupants seeking supplemental income.
P
Phillip Perriott
Listing Agent
Price History
Date
Event
Price
02/02/22
Sold
$1,100,000
04/30/21
Sold
$575,000
Condition Rating
Excellent
Despite being built in 1930, the property has been 'beautifully remodeled' as stated in the description, and the images confirm a very recent and extensive renovation. The kitchens feature new white shaker cabinets, white countertops, subway tile backsplashes, and new stainless steel dishwashers. Bathrooms are completely updated with modern vanities, black fixtures, round mirrors, new tile flooring, and walk-in showers with contemporary tile designs. All flooring throughout the units appears to be new, light-toned laminate or LVP. Light fixtures are modern, and the overall aesthetic is fresh and current, indicating an extensive renovation likely within the last 5 years, bringing all visible components to a virtually new condition.
Pros & Cons
Pros
Income-Generating Triplex: Features three separate 2-bedroom, 1-bathroom units, providing strong, steady income potential and flexibility for owner-occupancy with supplemental income.
Recent Remodel: Described as 'beautifully remodeled,' suggesting modern aesthetics and reduced immediate renovation needs for tenants and owners.
Ample Parking & Detached Garages: A rare and highly valuable amenity for a multi-unit property in Los Angeles, significantly enhancing tenant appeal and property value.
Prime Location: Conveniently located near major transportation routes, shopping, dining, and local amenities, ensuring high tenant desirability and consistent occupancy.
City Lights View: The property offers desirable city lights views, adding to its aesthetic appeal and potentially commanding higher rental rates.
Cons
Active Under Contract Status: The property is currently 'Active Under Contract,' meaning it is not readily available for new offers, limiting immediate investment opportunities.
Age of Property (1930): Built in 1930, the property is nearly a century old. While remodeled, it may still present challenges related to aging infrastructure or require significant system upgrades not explicitly detailed.
Lack of Detailed Remodel Scope: The description states 'beautifully remodeled' but lacks specifics on the extent of the renovation, particularly concerning major systems (e.g., HVAC, roof, electrical, plumbing), which could lead to unforeseen future expenses.