1038 E. 53rd Street presents a turnkey, newly constructed multifamily investment opportunity in a rapidly evolving pocket of Los Angeles, where ongoing neighborhood reinvestment, cultural momentum, and improving transit connectivity continue to drive renter demand and long-term appreciation.
The five-unit property consists of a fully remodeled 3BD/1BA single-family front house and two newly constructed duplex buildings (certificate of occupancy received in 2025). The two rear duplexes feature four (4) 1BD/1BA units that are exempt from rent control, providing investors with operational flexibility and the ability to capture future rental growth without regulatory constraints.
The asset has been designed with a focus on operational efficiency and reduced long-term capital requirements. Each unit is equipped with energy-efficient mini-split HVAC systems, while separately metered gas and electricity allow for streamlined expense recovery and improved expense control. Additionally, solar panels installed on both buildings provide supplemental power for all units.
Laundry infrastructure is well-positioned across the property, with in-unit laundry in the front house and laundry hookups in each of the duplex buildings, enhancing tenant convenience and supporting premium rental positioning.
Offered at a 7.30% cap rate and 9.82 GRM on current rents, 1038 E. 53rd Street represents a rare opportunity to acquire a stabilized, low-maintenance asset with income durability and built-in growth potential. The combination of new construction, rent control exemption on a majority of the units, and location within an emerging South Los Angeles growth corridor positions the property to benefit from continued neighborhood transformation and sustained rental demand.
