D.C. police confiscated 53 handguns, two rifles and two shotguns Saturday in Southeast Washington and charged a 17-year-old youth with receiving stolen property in what police described as one of the largest single recoveries of weapons in memory.

Police said the guns, valued at more than $10,000, had been stolen two days earlier from Marvin's Sport City in the Iverson Mall shopping center in Hillcrest Heights. Other persons are being sought in the case, police said.

Sgt. Bernard Myles of the 7th District said the guns, which included several .44 magnum and .357 magnum handguns, would probably have been sold on the streets for one-third to one-half their cost.

According to Myles, police received a telephone call about 7:10 a.m. Saturday from a tipster who said that there were several guns in the home of the 17-year-old youth.

Myles said police later talked with the youth's mother who allowed them to enter her home to search for -- and confiscate -- some of the guns. Sixteen handguns were found in the youth's bedroom, investigators said.

He said several of the weapons were not hidden. A loaded high-powered hunting rifle was found next to a dresser. A derringer was on top of a television set.

After further investigation, Myles said, police were directed to two other far Southeast locations where more guns and ammunition were seized. In all the operations, police found the 53 handguns -- including a five-shot .22 about the size of a cigarette pack, several derringers and an Army-issue Colt .45 of the kind used in World War II -- two high-powered hunting rifles and two shotguns.

The Colt .45 was the only weapon seized that had not been stolen from Marvin's, Myles said. That weapon, a collector's item, had been reported stolen in 1975, Myles said.

Police said the other guns were stolen between 9:45 p.m. Thursday and 4:09 a.m. Friday.

The 17-year-old suspect has been released in the custody of his mother pending juvenile court action, police said.