1739 W 53rd St - Multi-Family FOR SALE


Los Angeles, CA 90062- South Central LA
$625,000 USD
818-380-5294
1739 W 53rd St, Los Angeles, CA for Sale
$625,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

1739 W 53rd St
Los Angeles, CA 90062
South Central LA


HIGHLIGHTS

  • South LA duplex with two (2) 1-bed/1-bath units built in 1913
  • Approximately 1,344 SF of rentable space on a 5,324 SF LAR2 zoned lot
  • Located in an Opportunity Zone
  • Separately metered for gas and electricity
  • Upgrades including new plumbing, electrical, and drywall in 2009 plus some interior remodeling in 2015
  • Tremendous rental upside!

OVERVIEW

1739 W 53rd Street is a well-maintained duplex in South Los Angeles consisting of two (2) one-bedroom/one-bathroom units. Built in 1913, The building offers approximately 1,344 square feet of rentable space on a 5,324 square foot LAR2-zoned lot. Both units are separately metered for gas and electricity, and significant improvements have been made, including new plumbing, electrical, and drywall in 2009, as well as some interior remodeling in 2015. Additionally, it is situated within an Opportunity Zone and offers potential for tax benefits for investors seeking to reinvest capital gains in a strengthening submarket. Located in the culturally rich and centrally positioned neighborhood of Vermont Square in South Los Angeles, 1739 W 53rd Street benefits from excellent connectivity and close proximity to key destinations. The property sits directly behind Holmes Avenue Elementary School and is also just a short distance from USC, Exposition Park, and landmark institutions such as the California Science Center and the LA Memorial Coliseum. Commuters enjoy quick access to the 10 and 110 Freeways, as well as the Metro E Line. Daily conveniences are within easy reach, with nearby retail, markets, and dining along South Vermont Avenue and West Martin Luther King Jr. Boulevard offering a variety of local amenities.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

2

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5003-012-014

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union CommercialMore Info
818-380-5294

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Nicole ApostolosEquity Union CommercialMore Info
818-380-5294

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