39
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$1,250,000
Est. payment /mo
10 Beds
8 Baths
4,992 SqFt
New
1462 W 53rd ST Los Angeles, CA 90062
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,992 sqft
Price per Sqft $250
MLS Listing ID 25612459
Bedrooms 10
HOA Y/N No
Year Built 1922
Lot Size 0.261 Acres
Property Description
We are pleased to present the opportunity to acquire an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1922, the property features a classic courtyard layout with gated access and a desirable unit mix of (6) 1Bed/1Bath and (2) 2Bed/1Bath units. One 1-bedroom unit may become vacant in the near future, providing an opportunity for a new owner to capture additional rental income. The property includes eight (8) individual one-car garages with alley access and is individually metered for gas and electricity, minimizing operating expenses for ownership. The building offers 4,992 square feet of rentable space on an oversized 11,372 square foot LAR4-zoned lot, providing strong in-place income with approximately 37% rental upside and long-term redevelopment potential, including the opportunity to add ADUs for additional income. Situated near Normandie Avenue and 54th Street, residents benefit from convenient access to public transportation, retail amenities, and major employment centers. The property is a short drive from USC, Exposition Park, and Downtown Los Angeles, as well as major sports and entertainment venues including SoFi Stadium, The Forum, and the upcoming Intuit Dome. Easy access to the 10 and 110 Freeways further enhances connectivity throughout Greater Los Angeles.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Spaces 8.0
Garage Description 8.0
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5003015016
Special Listing Condition Standard
Listed by Marcus & Millichap
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