231 Avenue 53 Street, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 3 bath

231 Avenue 53 Street, Los Angeles, California 90042 home-pic-0
ACTIVE$1,799,000
231 Avenue 53 Street, Los Angeles, California 90042
4Beds
3Baths
2,142Sqft
6,491Lot
Year Built
1949
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$840
HOA
-
Days on market
-
Sold On
-
MLS number
25593749
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.80M(93th), sqft - 2142(91th), beds - 4(86th), baths - 3(75th).

This incredible northeast LA house (perfect for owner-occupying) - comes with a separate duplex (2 unit that are each 1+1). With the rental income, your mortgage is less than if you rented a 2-bedroom apartment. Main house showcases wraparound yards, a screening room, and open floor plan between living room and kitchen. One of the bedrooms serves as an office and leads out through double doors to the beautiful yard, and an additional (and rare) feature is a direct access garage (besides having multiple other parking spaces). This gem shares no walls, is completely private, and has a covered porch for warm Los Angeles nights. Unbeatable location within a few short blocks to shops and restaurants. This compound also has two completely separate units (different structure/duplex) with incredible tenants. Ideal for an owner-occupied buyer who not only wants convenience, but additional income. The two units (both 1+1) have huge private yards and are impeccably maintained, with interior laundry in each, and all utilities paid by the tenants. Mini-splits throughout and multiple upgrades as well, with a new roof installed in 2021. If you have any doubts, compare this rare offering to all the other multi-units on the market. By Appointment Only.

Price History

Date
Event
Price
07/01/25
Listing
$1,799,000
Condition Rating
Good

Despite being built in 1949, the property has undergone significant recent upgrades, including a new roof installed in 2021 and modern mini-split HVAC systems throughout. The main house features an open floor plan between the living room and kitchen, suggesting a contemporary renovation in a key area. The separate duplex units are described as 'impeccably maintained' with 'multiple upgrades.' While specific details on kitchen appliances, bathroom fixtures, and flooring are not provided, these major system updates and implied interior renovations indicate a move-in ready condition with well-maintained systems and minimal wear and tear, aligning with a 'Good' rating.
Pros & Cons

Pros

Income-Generating Duplex: Features a separate duplex with two 1+1 units, established tenants, private yards, and tenant-paid utilities, providing significant rental income to offset mortgage costs.
Prime Northeast LA Location: Unbeatable walkability to shops and restaurants within a few short blocks in a highly desirable Los Angeles neighborhood.
Recent Major Upgrades: Includes a new roof installed in 2021 and mini-split HVAC systems throughout, indicating significant recent investment in key property components.
Main House Desirable Amenities: Offers an open floor plan, wraparound yards, a dedicated screening room, and a private covered porch, enhancing lifestyle and entertainment options.
Exceptional Privacy & Parking: A detached property with no shared walls, complete privacy, a direct-access garage, and multiple additional parking spaces, a rare urban convenience.

Cons

Original Construction Age: Built in 1949, the property's age may suggest potential for older infrastructure or systems not explicitly mentioned as upgraded, despite recent improvements.
Lack of Scenic Views: The property explicitly states 'view: None,' which could be a disadvantage for buyers prioritizing scenic vistas, especially given its Los Angeles location.
Premium Price Point: Listed at $1.799 million, the property commands a high price, which, while potentially justified by its features and income, may narrow the buyer pool.

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