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1457 W 52nd Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

1457 W 52nd Street, Los Angeles, California 90062 home-pic-0
ACTIVE$1,039,000
1457 W 52nd Street, Los Angeles, California 90062
0Bed
0Bath
2,130Sqft
5,981Lot
Year Built
1925
Close
-
List price
$1.04M
Original List price
$1.09M
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
SB25120082
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros.

1457 W 52nd Street is a 4-unit multifamily with one unit delivered VACANT at close of escrow. The property consists of two side-by-side duplexes on one lot with on-site parking, located in the heart of the Vermont Square neighborhood. One unit will be delivered tenant ready at close, creating immediate upside for lease-up or an ideal opportunity for an owner-user. Each unit is a fully renovated 1-Bed/1-Bath, offering modern finishes and updated systems. With a current cap rate of 5.59% and a 12.63 GRM, this asset offers a compelling blend of strong in-place cash flow and long-term value-add potential. Operating expenses are minimal, with tenants paying for trash, gas, and electricity, while the landlord is only responsible for water. Ideally located near USC, Downtown LA, and major transit corridors, this is a rare opportunity to acquire a stabilized, income-generating asset with both near-term upside and long-term appreciation potential.

Price History

Date
Event
Price
08/07/25
Price Change
$1,039,000
05/29/25
Listing
$1,095,000
08/10/18
Sold
$432,000
Condition Rating
Excellent
Despite being built in 1925, the property has undergone a 'fully renovated' transformation as stated in the description, which is strongly supported by the images. The units feature modern finishes including new white shaker kitchen cabinets, light countertops, modern sinks and faucets, and updated appliances (refrigerator visible). Bathrooms are also fully renovated with new vanities, toilets, and contemporary subway tile surrounds. New laminate flooring is present throughout the living areas and bedrooms, and the walls are freshly painted. All components appear virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Multifamily Income Property: A 4-unit multifamily property provides diversified income streams and enhanced stability compared to single-family investments.
Immediate Upside Potential: One unit delivered vacant at close of escrow allows for immediate lease-up at market rates or an ideal owner-user opportunity, boosting cash flow from day one.
Renovated Units & Low Operating Expenses: Each unit is fully renovated with modern finishes, minimizing immediate capital expenditures. Tenants cover trash, gas, and electricity, significantly reducing landlord operating costs.
Strong Financial Metrics: The property boasts a competitive 5.59% cap rate and a 12.63 GRM, indicating a solid return on investment and strong in-place cash flow.
Strategic Urban Location: Ideally located near USC, Downtown LA, and major transit corridors, ensuring high rental demand, tenant desirability, and long-term appreciation potential.

Cons

Age of Property: Built in 1925, the property's age, despite renovations, may imply potential for underlying infrastructure issues (plumbing, electrical, foundation) that could require future investment.
Limited Unit Configuration: All units are 1-Bed/1-Bath, which may limit the tenant pool to singles or couples, potentially excluding families seeking larger living spaces.
Sub-type Discrepancy: Listed as 'Mixed Use' but described as a residential 4-unit multifamily, this potential misclassification could cause confusion for buyers or imply commercial elements that are not present.

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