W 53rd Street

Los Angeles | California

A Work of

Living Art

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Marcus & Millichap – Encino

Presented At

$1,250,000

Bedrooms

Living

4,992

SQFT

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1462

W 53rd Street

Los Angeles | California

1462 W 53rd Street, Los Angeles, California, United States. , Los Angeles , California

Residential Income in Los Angeles

We are pleased to present the opportunity to acquire an 8-unit multifamily property located in the Vermont Square neighborhood of South Los Angeles. Built in 1922, the property features a classic courtyard layout with gated access and a desirable unit mix of (6) 1Bed/1Bath and (2) 2Bed/1Bath units. One 1-bedroom unit may become vacant in the near future, providing an opportunity for a new owner to capture additional rental income. The property includes eight (8) individual one-car garages with alley access and is individually metered for gas and electricity, minimizing operating expenses for ownership. The building offers 4,992 square feet of rentable space on an oversized 11,372 square foot LAR4-zoned lot, providing strong in-place income with approximately 37% rental upside and long-term redevelopment potential, including the opportunity to add ADUs for additional income. Situated near Normandie Avenue and 54th Street, residents benefit from convenient access to public transportation, retail amenities, and major employment centers. The property is a short drive from USC, Exposition Park, and Downtown Los Angeles, as well as major sports and entertainment venues including SoFi Stadium, The Forum, and the upcoming Intuit Dome. Easy access to the 10 and 110 Freeways further enhances connectivity throughout Greater Los Angeles.

Property

3D Street View Tour

Property Location

1462 W 53rd Street, Los Angeles, California, United States., Los Angeles California

Local Weather & Climate

Los Angeles, California

Current Conditions Updated recently

57 °F

Mist

Feels Like 57°F

Humidity 95%

Wind 8 mph

Visibility 6.2 mi

Sunrise 2:41 PM

Sunset 1:33 AM

5-Day Forecast

Wed 11 Feb

Rain

High 62°

Low 58°

Thu 12 Feb

Clouds

High 66°

Low 56°

Fri 13 Feb

Clouds

High 71°

Low 59°

Sat 14 Feb

Clear

High 70°

Low 59°

Sun 15 Feb

Clouds

High 66°

Low 58°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Los Angeles?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 1462 W 53rd Street, Los Angeles, California, United States have?

This other at 1462 W 53rd Street, Los Angeles, California, United States features 10 bedrooms with 4,992 square feet of living space.

What is the size of 1462 W 53rd Street, Los Angeles, California, United States?

This property offers 4,992 square feet of living space.

What is the listing price for 1462 W 53rd Street, Los Angeles, California, United States?

This property is listed at $125,000,000, which equals $25040 per square foot.

What type of property is 1462 W 53rd Street, Los Angeles, California, United States?

This is a other located in Los Angeles, California. The property is situated in an established neighborhood with convenient access to local amenities and services.