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212 54th Street

Los Angeles, CA 90011

$775,000 Sale Price
Est. Payment: $ 0/mo
6
Bed
0
Bath
2,430 Sq. Ft.
$309 / Sq. Ft.
Sold

212 54th Street

Los Angeles, CA 90011

Sold
$775,000 Sale Price
$0/mo
6
Bed
0
Bath
2,430
Sq. Ft.
212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of two buildings totaling 2,430 SF. Front building is a 4 Bedroom / 2 Bath House paying $3,700 and rear building has two 1 Bedroom / 1 Bath units paying $1,050 and $1,300 each. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.
PROPERTY INFORMATION
MLS # SB23210755 Lot Size 5,330 Sq. Ft.
HOA Fees $0/Monthly Property Type Triplex
Price $ 750,000
Price Per SqFt: $ 309
DOM 587 Days
Address 212 54th Street Type Residential Income
City Los Angeles Sq.Ft. 2,430 Sq. Ft.
Postal Code 90011 Garage N/A
County Los Angeles Year Built 1931
Bed / Bath 6 / 0 Parking N/A
Built In 1931 Status Closed
Sold Date 2024-01-08
INTERIOR FEATURES
Has Laundry No
Laundry Information None
EntryLocation 1
Entry Level 1
EXTERIOR FEATURES
Has Pool No
Pool None
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $800
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
01/08/2024 Sold $775,000
12/27/2023 Pending $750,000
12/06/2023 Active Under Contract $750,000
11/14/2023 Listed $750,000
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Listing provided courtesy of Olga Wright, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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