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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$625,000

Est. payment - /mo

5,323 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25214481

HOA Y/N No

Year Built 1913

Lot Size 5,323 Sqft

Property Sub-Type Duplex

Property Description

Incredible income-producing duplex with bonus space in the heart of Los Angeles! Built in 1913 and updated in 2009 with modernized plumbing and electrical, this property blends classic charm with investment strength. Best Buyers for This Property: Investors seeking stable income with built-in upside. Owner-users who want to live in one unit while offsetting the mortgage with rental income. Value-add buyers or developers looking to maximize cash flow with the bonus unit or ADU potential.
Each unit is a well-designed 1-bedroom, 1-bath (approx. 675 Sq Ft each), separately metered for gas and electricity. Unit 1 currently rents for $1,400/month and Unit 2 for $1,450/month, providing steady cash flow from day one. Both units enjoy bright interiors and functional layouts.
Adding tremendous upside, there's an unpermitted bonus unit of approx. 600 sq. ft. featuring 1 bedroom and 1 bath—perfect for creative use, additional rental income, or future ADU potential (buyer to verify with city).
Key features:
Roof is approx. 15 years old with lots of life left.
Annual insurance is only $1,500.
Water approx. $175/month.
Lot size approx. 5,227 sq. ft. (per public record).
Duplex plus bonus space = rare versatility in this neighborhood.

Located near Vermont Square, this property sits close to major transit, schools, shopping, and Downtown LA. A prime opportunity to secure an affordable, cash-flowing asset in one of LA's high-demand rental markets.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features On Site, Public, Private

Fence Chain Link, Cross Fenced, Wood

Pool None

Community Features Biking, Curbs, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Accessibility Parking

Private Pool No

Building

Lot Description Corner Lot, Front Yard, Garden, Lawn

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5003012014

Security Features Window Bars

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Trust

Read Less Info

Listed by Hooman Morvarid Equity Union 818-355-2700

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1739 W 53rd ST Los Angeles, CA 90062