916 W 53rd Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$750,000
916 W 53rd Street, Los Angeles, California 90037
0Bed
0Bath
2,018Sqft
5,160Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: Classified as a Residential Income (Duplex) property with separate units, offering significant potential for rental income, especially from nearby college students, or multi-generational living.
Top Cons:
Market History: The property is 'BACK ON MARKET AT REDUCED PRICE,' indicating potential previous challenges in selling or an initial overvaluation, which may warrant further investigation by buyers.
Compared to the nearby listings
Price:$750.0K vs avg $925.0K ($-175,000)30%
Size:2,018 sqft vs avg 2,484 sqft43%
Price/sqft:$372 vs avg $35952%
More Insights
Built in 1910 (115 years old).
Condition: Built in 1910, this property shows its age significantly. The kitchen features very old, basic cabinetry, dated laminate or tile countertops, and older appliances, requiring a complete overhaul. The bathrooms are similarly outdated with old fixtures, tile, and vanities, indicating a need for full renovation. While the description mentions 'some upgrades,' the visible interior spaces, particularly the kitchen and bathrooms, suggest these were not recent or comprehensive. Major systems like electrical and plumbing are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern safety and comfort standards. The property is far from move-in ready and requires significant investment.
Year Built
1910
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$372
HOA
-
Days on market
-
Sold On
-
MLS number
DW25063195
Home ConditionPoor
Features
Patio
View-
About this home
BACK ON MARKET AT REDUCED PRICE. No one can pass, with a huge price reduction bring all you first time home buyer live in one and get rental income. back units in rear with separate entrance and large bedroom. main home is LARGE with lots of character and personality. Boasts of original character with the ability modify as desired or leave its quaint appearance. Living room features very high beamed ceilings with fireplace, and dining room area LARGE kitchen. with lots of light and windows, overlooking front yard surrounded by fruit trees and peace. Some upgrades and separate laundry room. Minutes from DTLA, SOFI, USC, CRYPTO Arena & Convention Center. Great for multifamily and/or income from nearby college students. Come see this one while it lasts! with selling price.
Nearby schools
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.6mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
2/10
Main Street Elementary School
Public,•K-5•1.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.0mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.6mi
3/10
Trinity Street Elementary School
Public,•K-5•1.7mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.8mi
/10
Maple Primary Center
Public,•K-1•1.9mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.0mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.4mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.9mi
2/10
John Muir Middle School
Public,•6-8•0.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•1.7mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.9mi
2/10
Audubon Middle School
Public,•6-8•2.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.5mi
5/10
Santee Education Complex
Public,•9-12•2.9mi
Price History
Date
Event
Price
04/04/95
Sold
$163,000
10/31/11
Sold
$279,000
Condition Rating
Poor
Built in 1910, this property shows its age significantly. The kitchen features very old, basic cabinetry, dated laminate or tile countertops, and older appliances, requiring a complete overhaul. The bathrooms are similarly outdated with old fixtures, tile, and vanities, indicating a need for full renovation. While the description mentions 'some upgrades,' the visible interior spaces, particularly the kitchen and bathrooms, suggest these were not recent or comprehensive. Major systems like electrical and plumbing are likely original or very old, necessitating substantial repairs and rehabilitation to meet modern safety and comfort standards. The property is far from move-in ready and requires significant investment.
Pros & Cons
Pros
Income Potential: Classified as a Residential Income (Duplex) property with separate units, offering significant potential for rental income, especially from nearby college students, or multi-generational living.
Strategic Location: Situated minutes from major Los Angeles hubs including DTLA, SOFI Stadium, USC, and Crypto.com Arena, providing excellent accessibility and desirability.
Historic Character: Built in 1910, the main home retains original character, featuring high beamed ceilings and a fireplace, appealing to those seeking unique architectural charm.
Spacious Layout: The main home offers a generous 2018 sqft with large living areas and a substantial kitchen, providing comfortable and functional space.
Customization Opportunity: The property allows for modification to suit personal tastes, enabling buyers to update or preserve its quaint appearance as desired.
Cons
Market History: The property is 'BACK ON MARKET AT REDUCED PRICE,' indicating potential previous challenges in selling or an initial overvaluation, which may warrant further investigation by buyers.
Property Age: Constructed in 1910, the home's age suggests that major systems (e.g., plumbing, electrical, HVAC) may be original or require significant updates, potentially leading to higher maintenance costs.
Local School Performance: Several nearby public schools exhibit lower performance ratings (1-3 out of 5), which could be a consideration for families with school-aged children.