428 W 53rd Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,100,000
428 W 53rd Street, Los Angeles, California 90037
0Bed
0Bath
3Sqft
5,445Lot
Year Built
1914
Close
-
List price
$1.1M
Original List price
$11M
Price/Sqft
$366,667
HOA
-
Days on market
-
Sold On
-
MLS number
DW25017101
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(74th), sqft - 3(4th), beds - undefined(50th), baths - undefined(50th).
GOOD OPPORTUNITY. TWO SEPARATE HOUSES ON ONE LOT, FRONT HOUSE IS A 2 BEDROOMS ONE BATH, BACK HOUSE IS A 1 BEDROOM 1 BATH. ADU BETWEEN BUILDINGS IS A 2 BEDROOMS 1 BATH, JUST MINUTES AWAY FROM DOWNTOWN LA, SHOPPING AND TRANSPORTATION, NEAR USC.
Nearby schools
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
2/10
Main Street Elementary School
Public,•K-5•0.5mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.8mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
3/10
Normandie Avenue Elementary School
Public,•K-5•1.1mi
3/10
Trinity Street Elementary School
Public,•K-5•1.4mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
/10
Maple Primary Center
Public,•K-1•1.6mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.9mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.4mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•3.3mi
2/10
John Muir Middle School
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.7mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.7mi
3/10
Manual Arts Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.7mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.7mi
Price History
Date
Event
Price
09/30/16
Sold
$280,000
02/21/12
Sold
$180,000
Condition Rating
Poor
Built in 1914, this property is over a century old and shows extensive signs of age and deferred maintenance. The kitchens and bathrooms are extremely outdated, featuring old cabinets, countertops, appliances, fixtures, and flooring that appear to be 30-50+ years old. Visible peeling paint on the exterior, cluttered yards, and general disrepair indicate that major systems (plumbing, electrical, HVAC) are likely at or past their expected lifespan. The property requires substantial repairs and rehabilitation to be brought to modern living standards, making it uncomfortable and potentially unsafe in its current state.
Pros & Cons
Pros
Significant Income Potential: The property features three distinct units (two separate houses and an ADU), offering substantial rental income opportunities for investors or owner-occupiers.
Prime Urban Location: Strategically located 'just minutes away from Downtown LA, shopping and transportation, near USC,' appealing to a broad tenant base including students and urban professionals.
Versatile Investment Opportunity: The multi-unit configuration and desirable location make it an attractive asset for various investment strategies, including long-term rentals or potential redevelopment (given the lot size and age).
Desirable School District Access: Proximity to highly-rated schools like Menlo Avenue Elementary (5-star) and Santee Education Complex (5-star) enhances its appeal to families.
Generous Lot Size: A 5445 sqft lot in a dense urban area like Los Angeles provides ample space for the existing structures and potential for outdoor amenities or future expansion (subject to zoning).
Cons
Advanced Age & Potential for Extensive Renovation: Built in 1914, the property is over a century old, likely requiring significant investment in updating infrastructure (plumbing, electrical), structural repairs, and cosmetic renovations to meet modern standards and tenant expectations.
Lack of Detailed Property Condition & Income Data: The listing provides minimal information on the current condition of each unit, existing rental income, or occupancy status, making it difficult for buyers to assess immediate cash flow and required capital expenditures.
Listing Data Inconsistencies: The 'SQFT: 3' is a clear data error, and the vast difference between the current list price ($1.1M) and the 'original_list_price' ($11M) creates confusion and raises questions about the accuracy and reliability of the listing information.