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    1038 E 53Rd St Los Angeles, CA 90011

    New
    For Sale
    $1,499,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    3,357 SF
    Lot size:
    0.11 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 11:06 pm

    Property Features for 1038 E 53Rd St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR2
    Rooms
    Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 2, Bathroom 4
    Bedrooms
    7
    Bathrooms
    5
    APN
    5103-023-025
    Parking
    1
    Parking features
    Covered
    Size
    3,357 SF
    Lot size
    0.11 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    5

    Compass

    Listing agent Max Berger (310) 230-5478 License #02054048

    Listing date Dec 12, 2025

    MLS# 25628207 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multi-Family Income Opportunity

    Located in the Historic Central Avenue district of South Los Angeles, this property at 1038 E. 53rd Street presents a rental-income opportunity. The property includes a vacant, renovated 3-bed/1-bath home at the front, and an attached duplex with two renovated one-bedroom units, plus a detached rear duplex. The front unit was fully renovated in 2025 and features wood-vinyl flooring, shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, and in-unit laundry hookups, as well as new mini-split heating and cooling systems. The four one-bedroom units in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features, including modern cabinetry, stainless-steel appliances, upgraded bath finishes, and recessed lighting. The configuration offers owner-occupancy potential and rental income. The location provides access to Central Avenue's commercial corridors, local schools, neighborhood parks, and transit routes to Downtown, USC, Florence, and surrounding employment hubs. The property offers flexibility for owner-occupants and investors seeking updated housing. The layout, finishes, and condition create a setup for an owner-user seeking housing supported by rental units in a central South LA location. The property size is 3357 square feet, situated on a lot of 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.257391
    Latitude
    33.994057

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    FAQs

    What type of property is this?
    Apartment building - Turnkey Los Angeles property with renovated units and rental income.
    Where is this apartment building located?
    The property is located at 1038 E 53Rd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Turnkey property: **Vacant, fully renovated 3-bed/1-bath front house (renovated 2025) ideal for owner-occupancy.**; - **Newly constructed (2025) attached and detached duplexes with four 1-bedroom units**, providing immediate rental income.; - All units feature modern interior finishes including wood-vinyl flooring, shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, and recessed lighting.
    (310) 230-5478
    Request Owner's contact information
    1038 E 53Rd St Los Angeles, CA 90011
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    Los Angeles, CA 90011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1038 E 53Rd St Los Angeles, CA 90011
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