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700 W 53rd St, Los Angeles, CA, 90037

4beds
--baths
3,000sqft
$798,500
$266price/sqft
$5,692/moest. monthly cost
$227,680/yrincome needed

About This Home

A BIG PRICE REDUCTION!!!!!! URGENT SALE!!!!! CALLING ALL DEVELOPERS, INVESTORS, AND ANYONE with a big imagination. This property is an EXCEPTIONAL INVESTMENT PROPERTY in the city of LoOS ANGELES!!! featuring A FOUR-UNIT PROPERTY (FOURPLEX) situated mid-block on 53rd Street, surrounded by ONGOING GROWTH AND DEVELOPMENT! Ideally for those LOOKING TO RENOVATE OR 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 TO BE in the $9,800 to $10,000 range per month. PROPERTY IS approximately 3,000 square foot building consisting 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. ONLY CASH OR HARD MONEY offers. A COMPELLING OPPORTUNITY for INVESTORS SEEKING a PROJECT with substantial upside in a rapidly evolving area.

Getting Around

73
WalkingVery Walkable
65
TransitGood Transit
69
BikeBikeable

Construction

Condition

  • Property condition: Fixer
  • Year built: 1914

Materials

  • Foundation: Raised
  • Roof: Asphalt
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Spanish
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 4

Features

  • Laminate Counters
  • Window features: Screens
  • Fireplace features: None
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: None

Interior Area

  • Total structure area: 3,000
  • Total interior livable area: 3,000 sqft

Property

Accessibility

  • Accessibility features: Parking

Details

  • Parcel number: 5001026031
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Entry location: FRONT
  • Pool features: None
  • Exterior features: TV Antenna
  • Spa features: None
  • Fencing: Block,Chain Link,Wire
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 5,440 sqft
  • Features: 0-1 Unit/Acre

Parking

  • Parking features: Driveway,On Street