1212 East 54th Street

Los Angeles, CA 90011

$700,000
Price
6
Beds
2
Baths
2,496 Sq. Ft.
$280 / Sq. Ft.
2,496
Sq. Ft.
$280
per Sq. Ft.

Description

Take advantage of this incredible opportunity to own a duplex with two spacious 3-bedroom, 1-bath units with a detached garage. This property is fully occupied with long-term, reliable tenants and offers immediate income potential. Each unit is separately metered for gas and electricity, with tenants covering all utilities except water. The property is gated for privacy and is priced to sell fast! You are located in a prime, highly sought-after area, just minutes from schools, USC, BMO Stadium, museums,...Take advantage of this incredible opportunity to own a duplex with two spacious 3-bedroom, 1-bath units with a detached garage. This property is fully occupied with long-term, reliable tenants and offers immediate income potential. Each unit is separately metered for gas and electricity, with tenants covering all utilities except water. The property is gated for privacy and is priced to sell fast! You are located in a prime, highly sought-after area, just minutes from schools, USC, BMO Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and major freeways. Whether you're a seasoned investor or a first-time buyer, this property offers strong rental upside in a vibrant metropolitan setting.
  1. Listed by Mark Perez • DRE #01279393 • Brokerage DRE #02142871 • Circle Real Estate • 562-754-0660
  2. Listed by Adrien Aguirre • DRE #02193553 • Brokerage DRE #02142871 • Circle Real Estate

Property Details for 1212 East 54th Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2496
Assessor Parcel Number
5104-015-012
Property Attached YN
true
LISTING UPDATED: 10/11/2024 11:27 PM

Property Details for 1212 East 54th Street

StatusActive
MLS #RS24209929
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.12 AC / 5,137 SF
CountyLos Angeles County

Building Information for 1212 East 54th Street

Stories2Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,137 SF

Property Information for 1212 East 54th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $44,928
  • Net Operating Income: $37,724
  • Cap Rate: 4.9
Expense Details
  • Operating Expense: $7,204
  • Fuel Expense: $0
  • Electric Expense: $1,204
  • Insurance Expense: $0
  • Maintenance Expense: $2,000
  • Trash Expense: $0
  • Water Sewer Expense: $4,000
  • Total Expenses: $7,204
Tax / Assessment Info
  • Tax Tract Number: 00
  • Tax Census Tract: 2291.00
  • CFD/Mello-Roos Fee: $369
  • Tax Lot: 106
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Flooring: Carpet, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Exterior Features: Lighting
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage, Gated, Parking Space
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage, Gated, Off Street, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,872
  • Unit Type Pro Forma: 3915
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,872
  • Unit Type Pro Forma: 3915
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1212 East 54th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1212 East 54th Street

Taxable ValueLand$235,654Additions$234,473Total$470,127
Tax Record2024$6,009 ($501 / month)
Home Facts
Total Finished SqFt2,496 SqFtAbove Grade Finished SqFt2,496 SqFtLot Size5,137 SqFtStyleDuplexYear Built1923ZoningLAR2CountyLOS ANGELESAPN5104-015-012

Schools near 1212 East 54th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hooper Avenue Elementary School
Public1 to 5

Los Angeles Academy Middle
Public6 to 8

Nava College Preparatory Academy
Public9 to 12

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1212 East 54th Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on October 11, 2024 by Circle Real Estate, it's currently listed at $700,000. It has been on the market for a total of 33 days and was last sold on July 29, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Hooper Avenue Elementary School, Los Angeles Academy Middle and Nava College Preparatory Academy. 1212 East 54th Street is a 6-bed, 2-bath, 2,496 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Circle Real Estate, Mark Perez, DRE #01279393; Circle Real Estate, Adrien Aguirre, DRE #02193553

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.