1038 E 53rd Street
Los Angeles, CA, 90011 $ 1,499,000
Bedrooms7 Baths4.0 Sq 3,357 Monthly Estimate*
$ 9,352
for $1,499,000 with 7 bedrooms and 4 full baths. This 3,357 square foot home was built in 2025 on a lot size of 0.1066.
1038 E. 53rd Street offers a turnkey owner-user and rental-income opportunity in the heart of the Historic Central Avenue district of South Los Angeles. The property features a vacant 3-bed/1-bath home at the front of the lot, fully renovated in 2025; followed by an attached duplex with two renovated one-bedroom units; and a detached rear duplex completed in the same year. Together, the configuration offers a blend of owner-occupancy potential and stable rental income, with updated systems and modern interior finishes throughout. Ownership renovated the front unit to include wood-vinyl flooring, new shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, and in-unit laundry hookups. The open layout and bright interior create a practical living environment for an owner-user or strong tenant profile. The home also features new mini-split heating and cooling systems, adding energy-efficient climate control. The (4) 1-bed units located in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features. Each unit includes modern cabinetry, stainless-steel appliances, upgraded bath finishes, and recessed lighting. The location places residents within a historic South LA neighborhood with proximity to Central Avenue's commercial corridors, local schools, neighborhood parks, and transit routes connecting to Downtown, USC, Florence, and surrounding employment hubs. The combination of a move-in-ready front unit, recently built rental units, and a straightforward multi-structure layout provides flexibility for both owner-occupants and investors seeking updated housing inventory with limited near-term maintenance needs. With the front home fully renovated in 2025, and the supporting 1-bdrm. units constructed in 2025, the property effectively lives like new construction. The layout, finishes, and condition create an ideal setup for an owner-user seeking updated housing supported by well-finished rental units in a central South LA location.
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FeaturesGeneralLiving Area 3357
Heating Wall Furnace
Appliances Disposal
Zoning LAR2
Architectural Style Bungalow
Security Features Key Card Entry
Year Built 2025
View None
Stories Count 2
Levels Two
Gross Income 148224
County Los Angeles
Net Operating Income 101388
New Construction false
Property Type Residential Income
HOA false
Facing Direction North
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Across the street from Aurora Elementary School and blocks from Dr. Maya Angelou Community High School and LA Academy Middle School.
City Los Angeles
Senior Community Y/N false
Open Parking Spaces 1
Number Of Units Total 5
MLS Area C42 - Downtown L.A.
Lot Size Units Square Feet
Lot Size Square Feet 4645
Property Attached Y/N true
Additional Parcels Y/N false
Standard Status Active
Occupancy Type Tenant
Cap Rate 6.76
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InteriorTotal Stories 2
Common Walls 1 Common Wall
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Stacked
Total Bedrooms 7
Total Baths 5
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ExteriorParking Features Uncovered
Total Parking 1
Lot Size Area 4645
Number of Buildings 2
Building Area Total 3357
Lot Size Acres 0.1066
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* Excluded FeaturesList Bymax@kennystevensteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,352
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,897,276
Percent of Sale Price 27%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/12/2025 | $1,499,000 | | Listed Price |