Multifamily
New
For Sale
$939,900
Pending
420 W 53rd, Los Angeles, CA 90037
Established multifamily asset with a 1941 construction date in Los Angeles.
Days on Market6
Property Features for 420 W 53rd
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Residential Income
Amenities
Sidewalks
Building Details
Building Size
1,893 SF
Year Built
1941
Buildings
2
Stories
2
Listing Agency:
Century 21 Allstars
(562) 231-3333
Listed By:
Luis Martinez · License #01234365
(562) 231-3333
Source:
Evrealestate
Added: Jul 28
Changed: Aug 2
Last Checked: Aug 2 at 2:31AM
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 Century 21 Allstars
Investment Insights
Based on property information with market context.
This multifamily property is located at 420 W 53rd in Los Angeles, California 90037. The building dates to 1941, providing a clearly established construction profile for evaluation by multifamily buyers.
The property is identified near the intersection of S Figueroa St and W 54th St in Los Angeles County.
The property is identified near the intersection of S Figueroa St and W 54th St in Los Angeles County.
Key Highlights
- Multifamily property in Los Angeles County
- Built in 1941
- 420 W 53rd, Los Angeles, CA 90037
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.5k | $27.19 |
| − Vacancy | −$360 | −$0.19 |
| EGI | $51.1k | $27.00 |
| − OpEx | −$23.0k | −$12.15 |
| NOI | $28.1k | $14.85 |
1,893 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.7K
$649.0K – $865.4K
NOI $51,922 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,542
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Established multifamily asset with a 1941 construction date in Los Angeles.
Where is this multifamily property located?
The property is located at 420 W 53rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: Multifamily property in Los Angeles County; Built in 1941; 420 W 53rd, Los Angeles, CA 90037
