
Los Angeles, California 90062
This Quadruplex Investment Asset is a High-Potential Investment Opportunity, listed at $949,000—positioned slightly above the $923,386 Fair Market Value. While the property carries a premium, its 100% occupancy and 6.08% cap rate provide immediate, stable cash flow. Featuring a Condition Rating of 2 with new plumbing, roofs, and updated kitchens, this turnkey property minimizes capital expenditure. Its strategic location near USC and Downtown LA ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time investors seeking a low-maintenance, income-generating portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1457 W 52nd Subject | $949,000* List Price | 0 | 0 | 2,130 | $434 | - |
A 1435 W 53rd Sold | $977,000 | 0 | 0 | 2,431 | $402 | 0.1 mi |
B 1526 W 54th Sold | $999,999 | 0 | 0 | 1,977 | $506 | 0.2 mi |
C 5700 Cimarron St Sold | $862,500 | 6 | 3 | 2,614 | $330 | 0.8 mi |
D 5700 Cimarron St Sold | $862,500 | 0 | 0 | 2,614 | $330 | 0.8 mi |
E 5420 Manhattan Place Active | $949,000 List Price | 0 | 0 | 2,048 | $463 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is described as fully renovated with a new roof, all-new plumbing, updated kitchens, and new flooring. The interior images confirm modern finishes and mint condition, meeting the criteria for a recent high-quality renovation.
The property is fully renovated with new roofs, all-new plumbing, and updated kitchens and flooring, minimizing immediate capital expenditure for a new owner.
Operating at a 6.08% cap rate with 100% occupancy, the asset provides immediate cash flow and lean expenses with tenants covering most utilities.
Situated on a corner lot near USC, Exposition Park, and Downtown LA, the property benefits from high rental demand and excellent freeway accessibility.
The composition of exclusively 1-bedroom units may restrict the tenant pool to individuals or couples, potentially leading to higher turnover rates.
Despite recent renovations, the 1922 build date may present long-term maintenance challenges or structural considerations inherent to vintage properties.
2 Duplexes on 1 Lot! 1457 W 52nd St is a fully renovated, 100%-occupied four-unit investment in the Vermont Square pocket of South LA - a ~6,000 SF corner parcel holding two matching duplexes, each with a pair of 1-Bed/1-Bath units finished with new flooring, updated kitchens, a new roof, and all-new plumbing. Every unit is leased today at a current cap rate of 6.08%, generating approximately $57,678 in annual net operating income (about $4,807 a month before financing costs). The property currently operates at a strong 6.08% cap rate and an 11.79 GRM, offering a rare combination of healthy in-place income and future value-add potential. Expenses stay lean: ownership covers only water and sewer, while tenants handle gas, electric, and reimburse the city's SCEP/RSO fees directly. At $949,000, the property offers a strong entry point for a first-time investor and an easy addition to a growing portfolio alike. USC, Exposition Park, and Downtown LA are all close by, with easy access to the I-10, I-110, and I-405.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,130 | 2,187.451 |
| Lot Size | 5,981 | 5,841.385 |
| Price | $949.0K | $841.5K |
| Price per sq ft | $446 | $385 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 30 | 85 |
Aug 10, 2026
$949,000
Initial Listing
Aug 10, 2018
$432,000
Public Record