
Multifamily listing
1038 e 53rd
for sale in
Los Angeles
Owner-User Built/Renovated in 2025 @ 6.75% CAP
Listed Price
$
1,499,000
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.
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%




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