$924,999
$25K PRICE INCREASE

148 S Avenue 53 Los Angeles, CA 90042

Estimated payment $5,440/month

Total Views 4,404
7 Beds
4 Baths
2,916 Sq Ft
$317 Price per Sq Ft

Highlights

  • Mountain View
  • Cooling System Mounted To A Wall/Window
  • 2 Detached Carport Spaces
  • No HOA
  • Laundry Room
  • Heating Available

About This Home

Live in one unit and rent the other. Nestled in the highly sought-after Highland Park area, this charming duplex presents an exceptional opportunity for homeowners and investors alike. Situated just a block away from Figueroa St and its vibrant array of eateries, cafes, shops, and galleries, convenience and culture intertwine seamlessly in this prime location. With a little TLC this is ideal for both owner used and investors, separate electric and gas meters, ensuring privacy and ease of utility management. Whether you're seeking a savvy investment opportunity or envisioning your dream home in this bustling neighborhood, this duplex promises endless possibilities. Experience the dynamic energy of Highland Park while enjoying the flexibility and potential for growth that this property affords. This is a historically zone property.

Listing Agent

Carolina Hernandez

Keller Williams South Bay Brokerage Phone: 213-610-1011 License #01943679 Listed on: 03/11/2025

Keller Williams South Bay

Co-Listing Agent

Alex Carranza

Keller Williams South Bay Brokerage Phone: 213-610-1011 License #02090613

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,798

Year Built

  • Built in 1905

Lot Details

  • 8,301 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 2,916 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Detached Carport Spaces
  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 3 / 40
  • Tax Tract Number 3
  • Assessor Parcel Number 5468016017
  • $454 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Water Sewer Expense $4,800
  • Operating Expense $6,000
  • Gross Income $56,400
  • Net Operating Income $14,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,798

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 462500
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 4800.00
  • Zoning: LARD2
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5468016017
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 317.22

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport, Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8301.00
  • Lot Size Acres: 0.1906

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Lot Size Area: 8301.0000 Square Feet
  • Net Operating Income: 14616.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6000.00
  • Rent Control: Yes
  • Total Actual Rent: 4700.00
  • Total Expenses: 6000.00

Tax Info

  • Tax Block: 40
  • Tax Census Tract: 1838.10
  • Tax Lot: 3
  • Tax Tract Number: 3
  • TaxOtherAnnualAssessmentAmount: 454.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,798 $376,422 $240,386 $136,036
2024 $4,798 $369,042 $235,673 $133,369
2023 $4,710 $361,806 $231,052 $130,754
2022 $4,500 $354,713 $226,522 $128,191
2021 $4,429 $347,759 $222,081 $125,678
2020 $4,467 $344,194 $219,804 $124,390
2019 $4,301 $337,446 $215,495 $121,951
2018 $4,155 $330,830 $211,270 $119,560
2016 $3,941 $317,985 $203,067 $114,918
2015 $3,885 $313,209 $200,017 $113,192
2014 $3,909 $307,074 $196,099 $110,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $924,999 0.0% $317 / Sq Ft
08/07/2025 08/07/25 For Sale $924,999 +2.8% $317 / Sq Ft
04/07/2025 04/07/25 Off Market $899,500 -- --
03/24/2025 03/24/25 For Sale $899,500 0.0% $308 / Sq Ft
03/21/2025 03/21/25 Off Market $899,500 -- --
03/11/2025 03/11/25 For Sale $899,500 -- $308 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Title Co
Interfamily Deed Transfer -- Ticor Title Co
Interfamily Deed Transfer -- --
Gift Deed -- --
Gift Deed -- --
Grant Deed $152,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $483,000 Unknown
Closed $390,000 New Conventional
Closed $279,500 Unknown
Closed $193,500 Unknown
Previous Owner $149,394 FHA
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25052630

California Regional Multiple Listing Service (CRMLS)

APN: 5468-016-017