$865,000
$950,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
1549 W 54th ST Los Angeles, CA 90062
7,000 Sqft Lot
Key Details
Sold Price $865,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24246565
Sold Date 02/06/25
HOA Y/N No
Year Built 1923
Lot Size 7,000 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAC1
Interior
Heating None
Cooling None
Flooring Carpet
Fireplaces Type Living Room
Fireplace Yes
Appliance Gas Range
Laundry None
Exterior
Parking Features On Site, Tandem, Uncovered
Pool None
Community Features Storm Drain(s), Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5003015015
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Joshua Shoumer • Nelson Shelton & Associates