1038 E. 53rd Street 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. Together, the configuration offers a blend of owner-occupancy potential and stable rental income, with updated systems and modern interior finishes throughout. Ownership renovated the front unit to include wood-vinyl flooring, new shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, and in-unit laundry hookups. The open layout and bright interior create a practical living environment for an owner-user or strong tenant profile. The home also features new mini-split heating and cooling systems, adding energy-efficient climate control. The (4) 1-bed 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 location places residents within a historic South LA neighborhood with proximity to Central Avenue's commercial corridors, local schools, neighborhood parks, and transit routes connecting to Downtown, USC, Florence, and surrounding employment hubs. The combination of a move-in-ready front unit, recently built rental units, and a straightforward multi-structure layout provides flexibility for both owner-occupants and investors seeking updated housing inventory with limited near-term maintenance needs. With the front home fully renovated in 2025, and the supporting 1-bdrm. units constructed in 2025, the property effectively lives like new construction. The layout, finishes, and condition create an ideal setup for an owner-user seeking updated housing supported by well-finished rental units in a central South LA location.
Listed by Max Berger
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License #02054048
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Compass
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818-321-4972
Last updated December 20, 2025
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Source: CRMLS #25628207
Listing Facts
TypeMulti-family
NeighborhoodSouth Park
Bedrooms7
Days on Prevu50
Size3,357 sqft
Price per sqft$447
Amenities
Parking
Location
Mortgage Calculator
Listing History
12/12/2025
Listed by Compass
$1,499,000
Property Details for 1038 E 53rd Street
Exterior
Construction
Number Of Units Total: 5
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 2025
Architectural Style: Bungalow
Common Walls: 1 Common Wall
Features
Direction Faces: North
Measurements
Building Area Total: 3,357
Lot Size Acres: 0.10
Lot Size Area: 4,645
Lot Size Square Feet: 4,645
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.76
Gross Income: $148,224.00
Taxes
Parcel Number: 5103023025
Interior
Features
Appliances: Disposal
Measurements
Living Area: 3,357
Living Area Source: Other
Rooms
Bathrooms Total Integer: 5
Bedrooms Total: 7
Parking
Parking
Open Parking Spaces: 1
Parking Features: Uncovered
Parking Total: 1
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Stacked
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 7 bedrooms in this multi-family home at 1038 E 53rd Street.
Does this multi-family home have parking?
Yes, there is 1 parking space available for 1038 E 53rd Street.
How does 1038 E 53rd Street compare to other multi-family homes in South Park?
This multi-family home is listed 55% above the average price for multi-family homes in South Park and has been on the market for 47 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 3,357 sqft.
1038 E 53rd Street is a 7-bedroom multi-family home for sale in Los Angeles CA 90011. Available on Prevu for 50 days at $1,499,000. This property features 3,357 square feet of living space, located in South Park. The median listing price for multi-family homes in this area is $762,000. Property amenities include parking. Browse more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.