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1462 West 53rd Street

Los Angeles CA 90062

10
8
4
4992 sq. ft.
11375 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present the opportunity to acquire an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1922, the property features a classic courtyard layout with gated access and a desirable unit mix of (6) 1Bed/1Bath and (2) 2Bed/1Bath units. One 1-bedroom unit may become vacant in the near future, providing an opportunity for a new owner to capture additional rental income. The property includes eight (8) individual one-car garages with alley access and is individually metered for gas and electricity, minimizing operating expenses for ownership. The building offers 4,992 square feet of rentable space on an oversized 11,372 square foot LAR4-zoned lot, providing strong in-place income with approximately 37% rental upside and long-term redevelopment potential, including the opportunity to add ADUs for additional income. Situated near Normandie Avenue and 54th Street, residents benefit from convenient access to public transportation, retail amenities, and major employment centers. The property is a short drive from USC, Exposition Park, and Downtown Los Angeles, as well as major sports and entertainment venues including SoFi Stadium, The Forum, and the upcoming Intuit Dome. Easy access to the 10 and 110 Freeways further enhances connectivity throughout Greater Los Angeles.

Features

10 bedrooms
8 bathrooms
4 carspaces
4 garage spaces
4992 sq. ft. floor area
11375 sq. ft. lot size
Other

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Local market activity for 10 bedroom other properties in Los Angeles

In the last 12 months, 1 numeral.10-bedroom other similar to 1462 West 53rd Street, have been sold.

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Sales:
(619) 566-0008
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