Unique opportunity to own a TURNKEY SINGLE-TENANT bldg, yielding nearly 6% CAP, with minimal management requirements! ZERO VACANCY FOR THE PAST 10 YEARS! Also a great investment for absentee owners. High quality tenant has their own management team in place, and pays ALL utilities, landscaping, and some maintenance. Annual rental increases available. EXCELLENT RENTAL AREA, blocks to the beach, close to downtown business area, shopping, restaurants, schools & public transportation. 1978 construction, new (partial) roof & exterior paint in 2011. All unit interiors are well maintained with newer tile, carpet or wood vinyl plank flooring & new paint. Central laundry room (tenant owned laundry equipment). 6 garages with 2 covered spaces. Gated access to building & beautifully landscaped courtyard.
Multi-familyProperty Type
1978Year Built
8,195 sq ftLot Size
$241Price/Sq.Ft.
6 garage spacesParking
Listed by Jim Italiano•DRE #00756275• Coldwell Banker Realty
Bought with Tim Smith•DRE #01346878• Coldwell Banker Realty
Bought with Cristi Ulrich•DRE #01140294• Coldwell Banker Realty
3 Bedroom/2 Bath Owner's Unit + Four 2 Bedroom/2 Bath Units W/ Balcony Or Patio. Additional Studio Permitted As Rec Room. Quality Building With 7 Garage Spaces And 2 Parking Spaces.
CRMLS #P118007
May 17, 2000
Sold
$482,000
$93/sq ft
Feb 4, 1999
Listed
$499,000
$96/sq ft
1-3 Bedroom 2 Bath Unit , 4-2 Bedroom 2 Bath Units, 0=bonus Room $200 And Laundry Room $70.each Unit Has Their Own Thermostat And Circulating Hot Water . the Pipes Are In The Ceiling Of Each Unit. H
Public Records
Jul 3, 1985
Sold
$407,000
$78/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$21,245 (+4.5%)
$1,067,644 + $533,817
$1,601,461
2024
$20,325 (+1.7%)
$1,046,710 + $523,350
$1,570,060
2023
$19,985 (+6.5%)
$1,026,187 + $513,089
$1,539,276
2022
$18,768 (+2.1%)
$1,006,066 + $503,029
$1,509,095
2021
$18,385 (+0.3%)
$986,340 + $493,166
$1,479,506
2020
$18,336 (−4.5%)
$967,000 + $483,497
$1,450,497
2019
$19,201 (+9.3%)
$957,085 + $478,540
$1,435,625
2018
$17,574 (+1.1%)
$938,319 + $469,157
$1,407,476
2017
$17,390 (+7.6%)
$901,884 + $450,940
$1,352,824
2016
$16,155 (+4.2%)
$901,884 + $450,940
$1,352,824
2015
$15,507 (+0.7%)
$884,200 + $442,099
$1,326,299
2014
$15,401 (+29.7%)
$853,859 + $426,929
$1,280,788
2012
$11,877 (+2.3%)
$850,000 + $425,000
$1,275,000
2011
$11,605 (+0.4%)
$450,000 + $512,600
$962,600
2010
$11,556 (−21.0%)
$450,000 + $512,600
$962,600
2009
$14,619 (+7.3%)
$450,000 + $512,600
$962,600
2008
$13,621
$497,918 + $746,877
$1,244,795
Tax history for 2053 E Appleton St
Year
Property tax
Land + Additions
Assessment*
2025
$21,245 (+4.5%)
$1,067,644 + $533,817
$1,601,461
2024
$20,325 (+1.7%)
$1,046,710 + $523,350
$1,570,060
2023
$19,985 (+6.5%)
$1,026,187 + $513,089
$1,539,276
2022
$18,768 (+2.1%)
$1,006,066 + $503,029
$1,509,095
2021
$18,385 (+0.3%)
$986,340 + $493,166
$1,479,506
2020
$18,336 (−4.5%)
$967,000 + $483,497
$1,450,497
2019
$19,201 (+9.3%)
$957,085 + $478,540
$1,435,625
2018
$17,574 (+1.1%)
$938,319 + $469,157
$1,407,476
2017
$17,390 (+7.6%)
$901,884 + $450,940
$1,352,824
2016
$16,155 (+4.2%)
$901,884 + $450,940
$1,352,824
2015
$15,507 (+0.7%)
$884,200 + $442,099
$1,326,299
2014
$15,401 (+29.7%)
$853,859 + $426,929
$1,280,788
2012
$11,877 (+2.3%)
$850,000 + $425,000
$1,275,000
2011
$11,605 (+0.4%)
$450,000 + $512,600
$962,600
2010
$11,556 (−21.0%)
$450,000 + $512,600
$962,600
2009
$14,619 (+7.3%)
$450,000 + $512,600
$962,600
2008
$13,621
$497,918 + $746,877
$1,244,795
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
11
Baths
12
Stories
—
Lot width
—
Lot depth
—
Lot size
8,197 Sq. Ft.
Year renovated
1978
Sq. Ft.
5,203
Year built
1978
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7263007020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
R-2-N
Two-Family Residential, Standard Lot District
The R-2-N District is a two-family residential district with standard lots. This District recognizes the need for two-family, moderate density housing with outdoor living space. This Zone implements Land Use District No. 2 of the General Plan.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
Park & open space
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 2
# of Garage Spaces: 6
Assigned
Has Parking
# of Parking Spaces: 8
Interior
Laundry Information
Has Laundry
Individual Room
Heating Information
Radiant
Has Heating
Unit Type 1 Information
Unit Key Numeric: 3007
Listing Key Numeric: 653879
Actual Rent: $1,750
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 3
# of Garage Spaces: 2
Furnished: Partially
Total Rent: $1,750
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 3008
Listing Key Numeric: 653879
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Furnished: Partially
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $1,350
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 653879
Unit Key Numeric: 3009
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Partially
Total Rent: $1,350
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 653879
Unit Key Numeric: 3010
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Partially
Total Rent: $1,350
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 3011
Listing Key Numeric: 653879
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Partially
Total Rent: $1,350
Total # of Units: 1
Unit Type 6 Information
Listing Key Numeric: 653879
Unit Key Numeric: 3012
Actual Rent: $925
Area Units: Square Feet
Total # of Baths: 1
# of Garage Spaces: 1
Furnished: Partially
Total Rent: $925
Total # of Units: 1
Expenses
Maintenance: $3,000
Licenses: $500
Insurance: $1,825
New Taxes: $14,575
Multi-Unit Information
# of Units With Range: 6
# of Units With Dishwasher: 6
Net Operating Income: $77,000
Average 3 Bed Area: 1,500
Average 2 Bed Area: 925
Total Building Area: 5,203
Gross Scheduled Income: $96,900
Gross Income: $8,075
# Of Leased Units: 6
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 6
# Of Separate Electric Meters: 6
# Of Buildings: 1
Vacancy Allowance: 0
Exterior
Lot Information
Lot Size Source: Assessor's Data
Lot Features: Near Public Transit
Property Information
Total # of Units: 6
Common Walls: 2+ common walls
Parcel Number: 7263007020
Attached Property
Property Condition: Turnkey
Total # of Stories: 2
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Unknown
Lease / Rental Details
Total Actual Rent: $8,075
Utilities
Utilities Information
Sewer: Sewer Paid
Sewer Connected
Water Source: District/Public
Location
Neighborhood Information
Community Features: Sidewalks, Street Lighting
Location Information
Latitude: 33.76800500
Longitude: -118.16642000
Other Subdivision Name: Belmont Heights (BH)
Road Surface Type: Alley Paved
Subdivision Name: Belmont Heights (BH)
Public facts
Beds: 11
Baths: 12.0
Sq. Ft.: 5,203
Stories: —
Lot Size: 8,197 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1978
Year Renovated: 1978
County: Los Angeles County
APN: 7263007020
Home facts updated by county records on Oct 6, 2026