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216 54th Street

Los Angeles, CA 90011

$870,000 Sale Price
Est. Payment: $ 0/mo
9
Bed
0
Bath
2,680 Sq. Ft.
$317 / Sq. Ft.
Sold

216 54th Street

Los Angeles, CA 90011

Sold
$870,000 Sale Price
$0/mo
9
Bed
0
Bath
2,680
Sq. Ft.
Over a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. If interested after the sale, discounted professional property management services are available for 6 months with current manager.
PROPERTY INFORMATION
MLS # DW23167112 Lot Size 5,332 Sq. Ft.
HOA Fees $0/Monthly Property Type Triplex
Price $ 850,000
Price Per SqFt: $ 317
DOM 635 Days
Address 216 54th Street Type Residential Income
City Los Angeles Sq.Ft. 2,680 Sq. Ft.
Postal Code 90011 Garage N/A
County Los Angeles Year Built 1914
Bed / Bath 9 / 0 Parking 1
Built In 1914 Status Closed
Sold Date 2023-11-29
INTERIOR FEATURES
Has Laundry Yes
Laundry Information Inside
Has Fireplace No
Fireplace Information None
Has Appliances Yes
Kitchen Appliances Gas Oven, Microwave
Has Heating Yes
Heating Information Ductless
Room Information All Bedrooms Down, Bonus Room, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom
Has Cooling Yes
Cooling Information Wall/Window Unit(s)
Flooring Information Laminate
InteriorFeatures Information Ceiling Fan(s), Granite Counters, Laminate Counters
EntryLocation off 54th Street
Entry Level 1
Has Spa No
SpaDescription None
EXTERIOR FEATURES
ExteriorFeatures Rain Gutters
Roof Flat
Has Pool No
Pool None
Has Fence Yes
Fencing Wood
WALKSCORE
  Walk Score: 74 (Very Walkable)
  Transit Score: 63 (Good Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $907
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
10/01/2023 Pending $850,000
Topfind Realty

Topfind Realty

REALTOR®

(844)-333-8033

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Listing provided courtesy of Ryan Smagacz, Real Broker. 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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