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212 54th Street
Los Angeles, CA 90011
Sold
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 | 567 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
Walk Score: 75 (Very Walkable)
Transit Score: 64 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $800
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
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.
