Multifamily listing

1038 e 53rd

for sale in

Los Angeles

Owner-User Built/Renovated in 2025 @ 6.75% CAP

5

Number of Units

1905 & 2025

Year Built

3,557

SF

Square Footage

4,645 SF

SF

Lot Size

LAR2

Zoning

1038 E. 53rd Street, Los Angeles, CA 90011

About the Property

About the Property

1038 E. 53rd Street is a newly repositioned 5-unit owner-user opportunity located in the heart of the Historic Central Avenue district of South Los Angeles. The property combines a fully renovated and vacant single-family residence with four newly constructed rental units, creating a rare turnkey setup that effectively lives like new construction.

For Los Angeles multifamily buyers seeking flexibility, 1038 E. 53rd offers a clean owner-occupancy scenario supported by modern rental income. The front home was fully renovated in 2025, while both the attached and detached duplexes were completed the same year. The result is a cohesive, multi-structure layout with updated systems, consistent interior finishes, and minimal near-term maintenance exposure.

Fully Renovated and Vacant 3-Bedroom Front Residence

The front home at 1038 E. 53rd is a vacant 3-bedroom, 1-bath residence renovated in 2025 with a focus on durability, functionality, and modern appeal. Interior upgrades include wood-vinyl flooring, 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 a strong long-term tenant profile. New mini-split heating and cooling systems provide efficient climate control and further reduce operational risk. The condition and finish level of the front residence allow an owner to move in immediately without deferring capital work.

Four Newly Built 1-Bedroom Units Completed in 2025

Behind the front residence, 1038 E. 53rd includes both an attached duplex and a detached rear duplex, together comprising four 1-bedroom, 1-bath units completed in 2025. These units were constructed with consistent interior specifications designed for long-term tenancy and ease of management.

Each unit features modern cabinetry, stainless-steel appliances, upgraded bath finishes, recessed lighting, and efficient layouts. With new construction across all rental units, the property benefits from modern systems and finishes that support stable income and limit near-term repair requirements.

Central South Los Angeles Location Near Schools and Transit

1038 E. 53rd Street is situated directly across from Aurora Elementary School and within blocks of Dr. Maya Angelou Community High School and LA Academy Middle School. This concentration of nearby schools contributes to a practical, family-oriented living environment that is especially appealing for owner-users.

The location also provides convenient access to Central Avenue’s commercial corridors, neighborhood parks, and multiple transit routes connecting to Downtown Los Angeles, USC, Florence, and surrounding employment hubs. This connectivity supports consistent rental demand while offering owner-occupants proximity to daily amenities and job centers.

Conclusion

1038 E. 53rd Street delivers a rare combination of a vacant, fully renovated 3-bedroom residence and four newly built 1-bedroom rental units in a central South Los Angeles location. The 2025 renovation and construction timeline, modern interior finishes, and functional layout create a true turnkey owner-user opportunity with steady supporting income.

For buyers seeking updated housing inventory with flexibility, limited near-term maintenance, and a straightforward multi-unit configuration, 1038 E. 53rd stands out as a practical and compelling Los Angeles multifamily offering.

5

Number of Units

1905 & 2025

Year Built

3,557

SF

Square Footage

4,645 SF

SF

Lot Size

LAR2

Zoning

1038 E. 53rd Street
South LA

Listed Price

$1,499,000

Number of Units

5 Units

Price per. Unit

$299,800

Bldg. Size

3,557 SF

Price per Foot

$447

Lot Size

4,645 SF SF

Year Built

1905 & 2025

Current CAP

6.76%

Market CAP

6.93%

Zoning

LAR2

Download the OM to view Property Highlights, Financials & Sales Comparables

Price P/ Unit

$299,800

Price p/ Sq. ft.

$447

Proforma Cap Rate

6.93%

Contact

Sales agent

Open concept dining and kitchen area with quartz counters, new appliances, and staged seating at 1038 E 53rd
Open concept dining and kitchen area with quartz counters, new appliances, and staged seating at 1038 E 53rd
Open concept dining and kitchen area with quartz counters, new appliances, and staged seating at 1038 E 53rd
Open concept dining and kitchen area with quartz counters, new appliances, and staged seating at 1038 E 53rd
Sunlit living room with split system AC, modern finishes, and clean contemporary layout at 1038 E 53rd
Sunlit living room with split system AC, modern finishes, and clean contemporary layout at 1038 E 53rd
Sunlit living room with split system AC, modern finishes, and clean contemporary layout at 1038 E 53rd
Sunlit living room with split system AC, modern finishes, and clean contemporary layout at 1038 E 53rd
Primary bedroom with mirrored closet doors, modern finishes, and staged furnishings at 1038 E 53rd
Primary bedroom with mirrored closet doors, modern finishes, and staged furnishings at 1038 E 53rd
Primary bedroom with mirrored closet doors, modern finishes, and staged furnishings at 1038 E 53rd
Primary bedroom with mirrored closet doors, modern finishes, and staged furnishings at 1038 E 53rd
Renovated bathroom with walk in shower, modern vanity, and updated tile finishes at 1038 E 53rd
Renovated bathroom with walk in shower, modern vanity, and updated tile finishes at 1038 E 53rd
Renovated bathroom with walk in shower, modern vanity, and updated tile finishes at 1038 E 53rd
Renovated bathroom with walk in shower, modern vanity, and updated tile finishes at 1038 E 53rd

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

We Sweat the Details, So You Don't Have To

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Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.