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***10% price reduction - 7.23% CAP and 9.52 GRM on current rents - 6% pre-tax cash flow return *** 1038 E. 53rd Street is now offered at a 7.23% CAP and 9.52 GRM following a 10% price reduction, delivering an estimated 6% pre-tax cash flow return on 2025 renovation and construction. In a market where recently built product often trades at lower yields, the current pricing places this property in a category that is increasingly difficult to replicate. The property offers a turnkey owner-user and rental-income opportunity in the heart of the Historic Central Avenue district of South Los Angeles. The property features a vacant 3-bed/1-bath home at the front of the lot, fully renovated in 2025; followed by an attached duplex with two renovated one-bedroom units; and a detached rear duplex completed in the same year. Ownership renovated the front unit to include wood-style vinyl flooring, shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, in-unit laundry hookups, and new mini-split heating and cooling systems. The four 1-bdrm. units located in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features. Each unit includes modern cabinetry, stainless-steel appliances, upgraded bath finishes, and recessed lighting. The consistent scope of work across all structures limits deferred maintenance concerns and simplifies ongoing management. The location places residents within the Historic Central Avenue corridor, with proximity to Central Ave., neighborhood schools, parks, and transit routes connecting to Downtown LA, USC, Florence, and surrounding employment centers. At its current pricing, 1038 E. 53rd pairs 2025 renovation and construction with a 7.23% CAP and estimated 6% pre-tax return. he combination of condition, layout, and basis creates a practical opportunity that is difficult to replicate.
Property Type(s):
Residential Income
| Last Updated | 2/18/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Price History
| Prior to Feb 18, '26 | $1,499,000 |
|---|---|
| Feb 18, '26 - Today | $1,365,000 |
Additional Details
| APPLIANCES | Disposal, Washer/Dryer Stacked |
|---|---|
| AREA | C42 - Downtown L.A. |
| HEAT | Wall Furnace |
| LOT | 4643 sq ft |
| LOT DIMENSIONS | 4645 |
| STORIES | 2 |
| STYLE | Bungalow |
| VIEW DESCRIPTION | None |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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