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700 W 53rd St

Los Angeles CA 90037

2
5440 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

A BIG PRICE REDUCTION!!!!!! URGENT SALE!!!!! CALLING ALL DEVELOPERS, INVESTORS, AND ANYONE with a big imagination. This property is an EXCEPTIONAL INVESTMENT PROPERTY in the city of LoOS ANGELES!!! featuring A FOUR-UNIT PROPERTY (FOURPLEX) situated mid-block on 53rd Street, surrounded by ONGOING GROWTH AND DEVELOPMENT! Ideally for those LOOKING TO RENOVATE OR REPOSITION, the property requires permitting and alignment with the City of Los Angeles. Once improved, the asset offers significant upside potential, with PROJECTED MARKET RENTS estimated TO BE in the $9,800 to $10,000 range per month. PROPERTY IS approximately 3,000 square foot building consisting of FOUR UNITS and is being offered as a major fixer. Property is subject to a City of Los Angeles Substandard Order Supplemental and is to be sold as-is. Buyer to verify all information, including square footage, permits, condition, and potential uses with the City. ONLY CASH OR HARD MONEY offers. A COMPELLING OPPORTUNITY for INVESTORS SEEKING a PROJECT with substantial upside in a rapidly evolving area.

Features

2 bedrooms
5440 sq. ft. lot size
Multi-Family

Property history for 700 W 53rd St

2024
Sold
$500,000
26 Jul 2024 by Richard Pena, of Pinnacle Estate Properties, Inc.
2017
Sold
$260,000
26 Apr 2017

Happy sellers in Los Angeles

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Local market activity for 2 bedroom multi families in Los Angeles

In the last 12 months, 2 two-bedroom multi families similar to 700 W 53rd St, have been sold.

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