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1451 53rd Street
Los Angeles, CA 90011
Sold
1451 E. 53rd Ave, Los Angeles is a 1963 constructed 4-unit building of all 2-bed/ 1-bath units. The property is a fixer-upper but has significant upside potential and value-add opportunity for an investor. Great unit mix with all 2-bed/1-bath units. Each unit has it's own laundry connections. The current market rent for a 2-bed/1-bath apartment in this area is approx $2,200/month and the maximum Section 8 Voucher for a 2-bedroom in Los Angeles is $2,666. The property has a long driveway with four uncovered parking spaces in the rear. The property also has the potential to build a detached ADU by right (buyer to verify). This property offers a great opportunity to realize substantial growth and increased cash flow over time.
PROPERTY INFORMATION
| MLS # | DW23050630 | Lot Size | 5,403 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 728,000
Price Per SqFt: $ 234 |
DOM | 769 Days |
| Address | 1451 53rd Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,108 Sq. Ft. |
| Postal Code | 90011 | Garage | N/A |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 8 / 0 | Parking | N/A |
| Built In | 1964 | Status | Closed |
| Sold Date | 2023-08-25 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside, See Remarks |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 61 (Somewhat Walkable)
Transit Score: 58 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $777
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/25/2023 | Sold | $685,000 |
| 07/04/2023 | Pending | $728,000 |
| 06/08/2023 | Price Change (Relisted) | $728,000 (4.61%) |
| 03/28/2023 | Listed | $695,900 |
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Listing provided courtesy of Megan Edner, Edner & Associates Real Estate Services. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
