1549 W 54th Street
Los Angeles, CA, 90062
$1,100,000
Beds
0 Baths
SqFt
0.16 Acres
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This property has multiple opportunities because the units are very large. They are one bedrooms with a separate dining room which can be kept as a dining room, used as a family room or made into a second bedroom. One of the units is currently vacant so any buyer could occupy the unit and collect income from the remaining three units or renovate the unit and bring it up to market income. The tenants are well under market rent so there is a huge upside potential. There is a communal yard area that could be used for the development or upgraded to create a beautiful shared space for the tenants to enjoy. Units also have a large balcony/yard area that adds to the value of the rentals. With the ADU ordinances, the property may be allowed to add up to two additional units but buyer to verify the possibility of adding any ADUs to the property.

Property Details

Price:
$1,100,000
MLS #:
AR24246565
Status:
Active
Baths:
0
Address:
1549 W 54th Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Los Angeles
Listed Date:
Dec 9, 2024
State:
CA
ZIP:
90062
Lot Size:
7,002 sqft / 0.16 acres (approx)
Year Built:
1923
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Interior

Appliances
Gas Range
Cooling
None
Fireplace Features
Living Room
Flooring
Carpet
Heating
None

Exterior

Community Features
Sidewalks, Storm Drains
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Rectangular Lot, Yard
Parking Features
On Site, Tandem Uncovered, Uncovered
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity
Utilities
Electricity Connected, Sewer Connected, Water Connected

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1549 W 54th Street
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