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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$850,000

Est. payment - /mo

5,440 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26090625

Construction Status Fixer

HOA Y/N No

Year Built 1914

Lot Size 5,440 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional investment opportunity in Los Angeles featuring a four-unit property (fourplex) situated mid-block on 53rd Street, surrounded by ongoing neighborhood growth and development. This property presents a rare opportunity for investors and developers seeking a value-add or redevelopment project.

Ideal for those looking to renovate and 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 in the $9,800 to $10,000 range per month.

The approximately 3,000 square foot building consists 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.

The property will be delivered vacant at the close of escrow, providing flexibility for renovation or redevelopment. Cash or hard money financing is required.

A compelling opportunity for investors seeking a project with substantial upside in a rapidly evolving area.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Rooms

Other Rooms Shed(s)

Interior

Interior Features Laminate Counters

Heating Central

Cooling None

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Exterior Feature TV Antenna

Parking Features Driveway, On Street

Fence Block, Chain Link, Wire

Pool None

Community Features Sidewalks, Urban

Utilities Available Electricity Connected, Sewer Connected

View Y/N No

View None

Roof Type Asphalt

Accessibility Parking

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

Additional Building Shed(s)

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5001026031

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Brian Tanenbaum Federal Financial 310-980-2261, DRE #00871788

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700 W 53rd Los Angeles, CA 90037