1038 E 53rd St - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$1,499,000 USD
310-968-7005
1038 E 53rd St, Los Angeles, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/15
null | 6.76% Cap Rate

1038 E 53rd St
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • The property features a vacant 3-bed/1-bath home, fully renovated in 2025; followed by 2 duplexes with (4) 1-bed units built-in 2025.
  • Front unit includes wood-vinyl flooring, new cabinetry, quartz countertops, stainless-steel appliances, mini-split A/C system, and laundry hookups.
  • The (4) 1-bed units located in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features.
  • Each 1-bed unit includes modern cabinetry, stainless-steel appliances, upgraded bath finishes, mini-split A/C system, and recessed lighting.
  • Across the street from Aurora Elementary School and blocks from Dr. Maya Angelou Community High School and LA Academy Middle School.

OVERVIEW

1038 E. 53rd Street offers a turnkey owner-user and rental-income opportunity in the heart of the Historic Central Avenue district of South Los Angeles. The property features a vacant 3-bed/1-bath home at the front of the lot, fully renovated in 2025; followed by an attached duplex with two renovated one-bedroom units; and a detached rear duplex completed in the same year. Together, the configuration offers a blend of owner-occupancy potential and stable rental income, with updated systems and modern interior finishes throughout. Ownership renovated the front unit to include wood-vinyl flooring, new shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, and in-unit laundry hookups. The open layout and bright interior create a practical living environment for an owner-user or strong tenant profile. The home also features new mini-split heating and cooling systems, adding energy-efficient climate control. The (4) 1-bed units located in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features. Each unit includes modern cabinetry, stainless-steel appliances, upgraded bath finishes, and recessed lighting. The location places residents within a historic South LA neighborhood with proximity to Central Avenue’s commercial corridors, local schools, neighborhood parks, and transit routes connecting to Downtown, USC, Florence, and surrounding employment hubs. The combination of a move-in-ready front unit, recently built rental units, and a straightforward multi-structure layout provides flexibility for both owner-occupants and investors seeking updated housing inventory with limited near-term maintenance needs. With the front home fully renovated in 2025, and the supporting 1-bdrm. units constructed in 2025, the property effectively lives like new construction. The layout, finishes, and condition create an ideal setup for an owner-user seeking updated housing supported by well-finished rental units in a central South LA location.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,800

CAP RATE

6.76%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Built-in 2025 w/ 6.76% CAP | Owner-User

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,601 SF

ZONING

LAR2

APN/PARCEL ID

5103-023-025

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.