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1038 E 53rd Street, Los Angeles, CA 90011

Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
1038 E 53rd Street,Los Angeles, CA 90011
$1,365,000
  • 7 Beds
  • 5 Baths
  • 3,357 sq. ft.
  • Multi-family
  • Active
Listed by: max berger
Office: compass
MLS#:25628207
Source:CRMLS

Price summary

  • Price:$1,365,000
  • Price per sq. ft.:$406.61

About this home

***10% price reduction - 7.23% CAP and 9.52 GRM on current rents - 6% pre-tax cash flow return *** 1038 E. 53rd Street is now offered at a 7.23% CAP and 9.52 GRM following a 10% price reduction, delivering an estimated 6% pre-tax cash flow return on 2025 renovation and construction. In a market where recently built product often trades at lower yields, the current pricing places this property in a category that is increasingly difficult to replicate. The property 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. Ownership renovated the front unit to include wood-style vinyl flooring, shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework,

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Home facts

  • Year built:2025
  • Listing ID #:25628207
  • Added:70 day(s) ago
  • Updated:February 21, 2026 at 11:32 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Living area:3,357 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:2025
  • Building area:3,357 sq. ft.
  • Lot area:0.11 Acres

Finances and disclosures

  • Price:$1,365,000
  • Price per sq. ft.:$406.61
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