1646 W 52nd, Los Angeles, California 90062, Los Angeles, 90062 - 0 bed, 0 bath
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1646 W 52nd
Los Angeles, California 90062
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,824Sq Ft
6,502Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$978,068
7% AboveMARKET VALUE
SUMMARY
This fourplex presents a Strong Value Opportunity with a List Price of $1,050,000—positioned well above the $978,069 Fair Market Value by -7%. While the property is currently priced above the estimated market value, it offers significant long-term potential through its ADU Conversion capability and Opportunity Zone tax benefits. With a Fair Condition Rating (4/10), the asset requires capital expenditure to modernize aging systems. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers targeting rental upside near USC.
Estimated Market Value
$978,068
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1646 W 52nd Subject 0 bd · 0 ba · 2,824 sqft · $346 | $1,050,000* List Price | 0 | 0 | 2,824 | $346 | - |
A 1736 W 51st Sold 0 bd · 0 ba · 2,475 sqft · $327 · 0.3 mi | $810,000 | 0 | 0 | 2,475 | $327 | 0.3 mi |
B 1736 W 51st Sold 4 bd · 4 ba · 2,475 sqft · $327 · 0.3 mi | $810,000 | 4 | 4 | 2,475 | $327 | 0.3 mi |
C 1496 W Vernon Avenue Sold 0 bd · 0 ba · 2,107 sqft · $380 · 0.6 mi | $800,000 | 0 | 0 | 2,107 | $380 | 0.6 mi |
D 5302 S Manhattan Active 0 bd · 0 ba · 2,612 sqft · $377 · 0.2 mi | $985,000 List Price | 0 | 0 | 2,612 | $377 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, this century-old fourplex is marketed as a 'value-add' opportunity with 'rental upside,' implying that interiors and systems are dated. While the exterior appears functional and the units are occupied, the age of the structure and lack of recent renovation history suggest that kitchens, bathrooms, and major systems likely exceed the 20-year threshold and require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Conversion Potential
The detached four-car garage offers a significant value-add opportunity for an ADU conversion, allowing the owner to increase the unit count and maximize total rental yield.
- Strategic Investment Location
Situated in a designated Opportunity Zone near USC and Exposition Park, the property benefits from high tenant demand and potential tax incentives for long-term investors.
- Immediate Cash Flow
The property is delivered fully occupied, providing reliable and immediate rental income from day one with identified long-term upside as units turn over.
CONSRISKS & DEFICIENCIES
- Rent Control Restrictions
Being subject to the Los Angeles Rent Stabilization Ordinance (RSO) limits the landlord's ability to raise rents to market rates, potentially slowing the return on investment.
- Aging Infrastructure
Originally built in 1922, the century-old structure may require significant capital expenditures for maintenance, repairs, or system upgrades compared to newer builds.
About 1646 W 52nd
Income Fourplex near USC with ADU & Rental Upside! Fantastic 4-unit investment in South LA's Vermont Square. Features 2,824 SF of living space on a 6,502 SF lot. Includes a detached, unassigned 4-car garage presenting an exceptional value-add opportunity for an ADU conversion. Delivered fully occupied with reliable cash flow under LA City RSO (rent control), leaving excellent long-term rental upside for the next owner. Located in a designated Opportunity Zone. Minutes from USC, Exposition Park, the Metro, and 10/110 freeways.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 6,502 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,824 | 2,090.331 |
| Lot Size | 6,502 | 5,852.908 |
| Price | $1.05M | $830.9K |
| Price per sq ft | $372 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 161 | 87 |
Pricing History
Listed for Sale
Jun 1, 2026
$1,050,000
Initial Listing
Sold
Jul 2, 2001
$219,000
Public Record