1739 W 53rd St 2 Unit Apartment Building Offered at $872,450 CAD Los Angeles, CA 90062

1739 W 53rd Street is a well-maintained duplex in South Los Angeles consisting of two (2) one-bedroom/one-bathroom units. Built in 1913, The building offers approximately 1,344 square feet of rentable space on a 5,324 square foot LAR2-zoned lot. Both units are separately metered for gas and electricity, and significant improvements have been made, including new plumbing, electrical, and drywall in 2009, as well as some interior remodeling in 2015. Additionally, it is situated within an Opportunity Zone and offers potential for tax benefits for investors seeking to reinvest capital gains in a strengthening submarket.
Located in the culturally rich and centrally positioned neighborhood of Vermont Square in South Los Angeles, 1739 W 53rd Street benefits from excellent connectivity and close proximity to key destinations. The property sits directly behind Holmes Avenue Elementary School and is also just a short distance from USC, Exposition Park, and landmark institutions such as the California Science Center and the LA Memorial Coliseum. Commuters enjoy quick access to the 10 and 110 Freeways, as well as the Metro E Line. Daily conveniences are within easy reach, with nearby retail, markets, and dining along South Vermont Avenue and West Martin Luther King Jr. Boulevard offering a variety of local amenities.