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1451 E 53Rd St, Los Angeles, CA 90011
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1451 E 53Rd St Los Angeles, CA 90011

$685,000 Sold Price as of 08/25/2023
  • 8 Beds
  • 4 Baths
  • 3,108 Sq.Ft.
Sold
$685,000 Sold Price as of 08/25/2023 Refinance Your Mortgage
Map preview of 1451 E 53Rd St, Los Angeles, CA 90011

Property Overview: 1451 E 53Rd St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,108 living square feet and 5,403 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Megan Edner | BRE #01437099 | Edner & Associates Real Estate Services
Last checked: 1 minute ago | Last updated: August 29th, 2023 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
5,403
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
DW23050630
City
Los Angeles
County
Los Angeles
Time on Site
465 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $791
  • Total Rent: $791
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $821
  • Total Rent: $821
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $930
  • Total Rent: $930
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,504
  • Net Operating Income: $33,504
  • Gross Operating Income: --
  • Gross Spendable Income: $42,504
Annual Expense Breakdown
  • Total Operating Expense: $9,000
  • Electric: $654
  • Trash: $0
  • Insurance: $3,500
  • Water/Sewer: $2,352

Property Details for 1451 E 53Rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside, See Remarks
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5104008025
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: South of Vernon Ave. West of Compton Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1451 E 53Rd St

Last sold for $685,000 on August 25th, 2023

  • August, 2023

  • Aug 25, 2023

    Date

    Sold

    CRMLS: DW23050630

    $685,000

    Price

  • Mar 28, 2023

    Date

    Active

    CRMLS: DW23050630

    $695,900

    Price

  • March, 2020

  • Mar 13, 2020

    Date

    Canceled

    CRMLS: WS19249455

    $795,000

    Price

  • Oct 23, 2019

    Date

    Active

    CRMLS: WS19249455

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    It is convenient next to downtown LA. Close to everything. Long term tenants and pay rent on time. Each unit has its inside laundry.

  • December, 2018

  • Dec 1, 2018

    Date

    Expired

    CRMLS: WS18171531

    $688,888

    Price

  • Aug 23, 2018

    Date

    Price Change

    CRMLS: WS18171531

    $688,888

    Price

  • Jul 26, 2018

    Date

    Price Change

    CRMLS: WS18171531

    $788,888

    Price

  • Jul 17, 2018

    Date

    Price Change

    CRMLS: WS18171531

    $988,888

    Price

  • Jul 17, 2018

    Date

    Price Change

    CRMLS: WS18171531

    $9,888,888

    Price

  • Jul 17, 2018

    Date

    Active

    CRMLS: WS18171531

    $980,000

    Price

  • Listing provided courtesy of CRMLS

    It is convenient next to downtown LA. Close to everything. Long term tenants and pay rent on time. Each unit has its inside laundry.

  • September, 2009

  • Sep 16, 2009

    Date

    Sold (Public Records)

    Public Records

    $289,000

    Price

  • March, 2009

  • Mar 11, 2009

    Date

    Sold (Public Records)

    Public Records

    $335,000

    Price

Show More

Tax History for 1451 E 53Rd St

Assessed Value (2020): $341,096
Year Land Value Improved Value Assessed Value
2020 $94,420 $246,676 $341,096

Home Value Compared to the Market

This property vs the competition

1451 E 53Rd St sold on August 25, 2023 for 42.86% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $234.23 per/sqft which puts the price per square foot 70.39% lower than the current median sale per square foot for the city of Los Angeles.

About 1451 E 53Rd St

Detailed summary of property

1451 E 53Rd St is a fourplex that recently sold in Los Angeles, CA 90011. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,108 living square feet, and sits on an approximately 5,403 square foot lot. 1451 E 53Rd St was first listed on ArdentRealEstateGroup.com on March 28, 2023. The homeowner sold the property for $685,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.86% lower than the current median priced home. Local homes that are currently for sale include 5123 S San Pedro, 128 E 54th St and 172 E 43rd ST. While the average home in Los Angeles, CA is selling in 100 days, 1451 E 53Rd St has a days on market of 38 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 1451 E 53Rd St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1451 E 53Rd St

Public county record property details
Beds
8
Baths
4
Year built
1964
Sq. Ft.
3,108
Lot Size
5,402
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
50
APN
5104-008-025

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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