Duplex with Renovated Front
New
For Sale
$1,175,000
1308 W 53rd St, Los Angeles, CA 90037
Two residences combine for six bedrooms and five bathrooms, with rental income from the occupied rear unit.
Property Size2,407 SF
Price / SF$488.16
Days on Market5
Property Features for 1308 W 53rd St
General Information
Standard status
Active
Size
2,407 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
3BR/3BA, 3BR/2BA
Multifamily Units
2
Amenities
laundry facilities
Building Details
Building Size
2,407 SF
Year Built
1947
Buildings
1
Listing Agency:
Carolwood Estates
Listed By:
Alphonso Lascano · License #01723550
(818) 800-8848
Source:
Benbelack
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carolwood Estates
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Investment Insights
Based on property information with market context.
This 2,407-square-foot duplex, built in 1947, contains two residences with a combined six bedrooms and five bathrooms. The single-story front residence has three bedrooms and three bathrooms and received an extensive renovation in 2026, including a new roof, windows and doors, kitchen, bathroom fixtures, flooring, and a stacked laundry unit. The two-story rear residence has three bedrooms and two bathrooms and was remodeled in 2015.
A garage currently serves as a recreation area for the rear unit’s tenants and includes laundry facilities. The property also has a two-car driveway. The rear residence is tenant-occupied, providing rental income while the front unit offers a separate living space.
A garage currently serves as a recreation area for the rear unit’s tenants and includes laundry facilities. The property also has a two-car driveway. The rear residence is tenant-occupied, providing rental income while the front unit offers a separate living space.
Key Highlights
- 2,407‑square‑foot duplex built in 1947
- Two residences with a combined six bedrooms and five bathrooms
- Front residence: three bedrooms, three bathrooms, and extensive renovation in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,215
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,300
$804.3K
Cap Rate 7%
$574,500
$574.5K
Cap Rate 9%
$446,833
$446.8K
Market Conditions
NOI Build-Up for 2,407 SF
Gross rent
$58.9K $24.48/SF
− Vacancy
−$1.5K −$0.61/SF
EGI
$57.5K $23.87/SF
− OpEx
−$17.2K −$7.16/SF
NOI
$40.2K $16.71/SF
Area
ZIP 90037
Vacancy
2.50%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,300
Cap Rate 7%
$574,500
Cap Rate 9%
$446,833
Alternative Uses
Best Use
Multifamily LT 5
$574.5K
$502.7K – $670.3K
NOI $40,215 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$510.6K
$446.8K – $595.7K
NOI $35,744 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$943.2K
$825.3K – $1.10M
NOI $66,021 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
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Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences combine for six bedrooms and five bathrooms, with rental income from the occupied rear unit.
Where is this duplex located?
The property is located at 1308 W 53rd St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 2,407‑square‑foot duplex built in 1947; Two residences with a combined six bedrooms and five bathrooms; Front residence: three bedrooms, three bathrooms, and extensive renovation in 2026
