1451 E 53rd Street, Los Angeles, CA 90011

About this fourplex

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.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$685,000

Sold August 2023 · listed $728,000, orig. $695,900, on market March 2023 · MLS #DW23050630 · Source: CRMLS

Listing Agent: Megan Edner · Listing Office: Edner & Associates Real Estate Services · Contact: 310-261-8641 · Bought with: Miriam Carter · Berkshire Hathaway HomeServices California Properties

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