1739 W 53rd Street, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$690,000
1739 W 53rd Street, Los Angeles, California 90062
0Bed
0Bath
1,344Sqft
5,324Lot
Year Built
1913
Close
-
List price
$690K
Original List price
$690K
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
SB24122647
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $690.0K(17th), sqft - 1344(17th), beds - undefined(50th), baths - undefined(50th).
LOOK NO FURTHER. this Duplex is directly behind the church and 1 minutes to the Elementary school. Great to live in or good for investment. An ADU is possible to have it at the back, check with city. Plumbing, electrical wiring has been up graded in recent years. The bonus room has 1 bedroom, 1 bath. It does not include a kitchen. Tenants are leasing month to month. The location just 2 miles from (Slauson/Crenshaw-Nipsy Hussle station)Crenshaw/Lax Line. Strategically situated between 110 Fwy west and north of Slausen
Price History
Date
Event
Price
08/19/09
Sold
$122,000
07/16/04
Sold
$255,000
04/14/00
Sold
$155,000
Condition Rating
Fair
Built in 1913, this property is over 110 years old. While the plumbing and electrical systems have been upgraded in recent years, the exterior appears dated with an unkempt yard, suggesting a need for cosmetic updates. The property analysis also points to potential deferred maintenance on other major components like the roof, foundation, HVAC, and windows. Without interior images, it's reasonable to assume that the kitchen and bathrooms, along with other interior finishes, are outdated and would require renovation to meet current standards, fitting the 'Fair' category of requiring minor updates or repairs.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate residential income potential or the option for owner-occupancy with rental income from the second unit.
ADU Potential: There is potential to add an Accessory Dwelling Unit (ADU) at the back, providing a significant opportunity to increase property value and rental income.
Recent System Upgrades: Plumbing and electrical wiring have been upgraded in recent years, reducing immediate concerns and potential costs associated with these critical systems in an older home.
Strategic Location & Transit Access: The property boasts a strategic location near an elementary school, a church, and is just 2 miles from the Crenshaw/Lax Line (Slauson/Crenshaw-Nipsy Hussle station), offering convenient public transit and freeway access (110 Fwy).
Flexible Tenancy: Tenants are currently on month-to-month leases, providing flexibility for a new owner to adjust rents, occupy a unit, or proceed with redevelopment plans without long-term lease obligations.
Cons
Age of Property & Potential Deferred Maintenance: Built in 1913, despite recent plumbing and electrical upgrades, other major components such as the roof, foundation, HVAC, windows, and general cosmetics may require significant investment due to the property's age.
Limited Functionality of Bonus Room: The bonus room, while offering an additional bedroom and bath, lacks a kitchen, which limits its functionality as a fully independent rental unit and potentially reduces its income-generating capacity.
ADU Requires City Verification: While ADU potential is noted, the need to 'check with city' implies that it is not a pre-approved plan and will require due diligence, permits, and potentially significant time and cost for construction.