1038 E 53rd St, Los Angeles, CA 90011

***10% price reduction - 7.23% CAP and 9.52 GRM on current rents - 6% pre-tax cash flow return *** 1038 E. 53rd Street is now offered at a 7.23% CAP and 9.52 GRM following a 10% price reduction, delivering an estimated 6% pre-tax cash flow return on 2025 renovation and construction. In a market where recently built product often trades at lower yields, the current pricing places this property in a category that is increasingly difficult to replicate. The property offers a turnkey owner-user and rental-income opportunity in the heart of the Historic Central Avenue district of South Los Angeles. The property features a vacant 3-bed/1-bath home at the front of the lot, fully renovated in 2025; followed by an attached duplex with two renovated one-bedroom units; and a detached rear duplex completed in the same year. Ownership renovated the front unit to include wood-style vinyl flooring, shaker-style cabinetry, solid-surface countertops, stainless-steel appliances, updated tilework, recessed lighting, in-unit laundry hookups, and new mini-split heating and cooling systems. The four 1-bdrm. units located in the attached and detached duplexes were newly constructed in 2025 and offer similar interior features. Each unit includes modern cabinetry, stainless-steel appliances, upgraded bath finishes, and recessed lighting. The consistent scope of work across all structures limits deferred maintenance concerns and simplifies ongoing management. The location places residents within the H