1510 West 53rd Street

Los Angeles, CA 90062

$599,000
Price
4
Beds
2
Baths
1,696 Sq. Ft.
$353 / Sq. Ft.
1,696
Sq. Ft.
$353
per Sq. Ft.

Description

Welcome to this charming Spanish Duplex, a perfect opportunity for investors or owner-users seeking a property with income potential. Each unit offers 2 bedrooms and 1 bath and is being sold with tenants in place in 'as is' condition. The current rental income is $1505 for one unit and $1600 for the other. Showings are available with an offer, pre-approval, and proof of funds. Don't miss the chance to own this attractive Spanish-style property providing immediate rental income.Welcome to this charming Spanish Duplex, a perfect opportunity for investors or owner-users seeking a property with income potential. Each unit offers 2 bedrooms and 1 bath and is being sold with tenants in place in 'as is' condition. The current rental income is $1505 for one unit and $1600 for the other. Showings are available with an offer, pre-approval, and proof of funds. Don't miss the chance to own this attractive Spanish-style property providing immediate rental income.

Listing Agent

  1. Bobby Rodriguez

    Bobby Rodriguez

    Listing Agent

    Compass

    DRE #01939553

Property Details for 1510 West 53rd Street

Zoning
LAR4
Parcel Number
5003015018
Total Units
2.0
Living Area
1696
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
0
Lot Size Area
5673

Location

Listing Courtesy of Compass, Bobby Rodriguez, DRE #01939553
Add your commute
LISTING UPDATED: 05/09/2024 04:26 PM

Property Details for 1510 West 53rd Street

StatusActive
MLS #24-373888
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.13 AC / 5,673 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Bobby Rodriguez, DRE #01939553
Add your commute

Building Information for 1510 West 53rd Street

Stories-Residences-Year Built1923Building Size-Lot Size0.13 AC / 5,673 SF

Payment Calculator

$3,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1510 West 53rd Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $37,260
  • Net Operating Income: $32,940.00
  • Gross Income: $3,150
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $225.00
  • Actual Gross Annual Income: $37,260
  • Total Annual Expense: 360
  • Water Expense: $300.00
  • Gardener Expense: $60
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1302
  • Lot Size Square Feet: 5673
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,505.00
  • Unit Actual Rent: $1,505.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $108,312.00
  • Assessed Improvement Percent: 41.92
  • Assessed Land Value: $150,083.00
  • Assessed Land Percent: 58.08
  • Assessed Total Value: $258,395.00

Property History for 1510 West 53rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1510 West 53rd Street

Taxable ValueLand$150,083Additions$108,312Total$258,395
Tax Record2023$3,450 ($288 / month)
Home Facts
Total Finished SqFt1,696 SqFtAbove Grade Finished SqFt1,696 SqFtLot Size5,671 SqFtStyleDuplexYear Built1923ZoningLAR4CountyLOS ANGELESAPN5003-015-018

Schools near 1510 West 53rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 9
Public - 9 to 12
Rating
School
Distance
Normandie Avenue Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1510 West 53rd Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on March 28, 2024 by Compass, it's currently listed at $599,000. It has been on the market for a total of 67 days and was last sold on March 4, 1991. This listing's school district is Los Angeles Unified School District. Nearby schools include Normandie Avenue Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 1510 West 53rd Street is a 4-bed, 2-bath, 1,696 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Bobby Rodriguez, DRE #01939553

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.