700 W 53rd, Los Angeles, CA 90037
List Price: $850K
Listing Status: Active
0Days on Market: 8
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1914
Lot Size: 5,440 sq ft
Private Pool: Yes
MLS Number: SR26090625
About This Property
Exceptional investment opportunity in Los Angeles featuring a four-unit property (fourplex) situated mid-block on 53rd Street, surrounded by ongoing neighborhood growth and development. This property presents a rare opportunity for investors and developers seeking a value-add or redevelopment project. Ideal for those looking to renovate and reposition, the property requires permitting and alignment with the City of Los Angeles. Once improved, the asset offers significant upside potential, with projected market rents estimated in the $9,800 to $10,000 range per month. The approximately 3,000 square foot building consists of four units and is being offered as a major fixer. Property is subject to a City of Los Angeles Substandard Order – Supplemental, and is to be sold as-is. Buyer to verify all information, including square footage, permits, condition, and potential uses with the City. The property will be delivered vacant at the close of escrow, providing flexibility for renovation or redevelopment. Cash or hard money financing is required. A compelling opportunity for investors seeking a project with substantial upside in a rapidly evolving area.
Listing provided by: Brian Tanenbaum DRE #00871788 310-980-2261 BLT5841@OUTLOOK.COM, Federal Financial
Source: CRMLS, MLS #: SR26090625
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.