1519 West 54th Street

Los Angeles, CA 90062

$798,000
Price
4
Beds
2
Baths
1,950 Sq. Ft.
$409 / Sq. Ft.
1,950
Sq. Ft.
$409
per Sq. Ft.

Description

Seize a remarkable investment opportunity with this Spanish-style duplex, perfectly situated in a vibrant and rapidly developing community! This property features two spacious front units, each with 2 bedrooms and 1 bathroom, along with three garages at the rear. Located in a high-demand area poised to be a focal point for the 2028 Olympics, this duplex is conveniently close to schools, USC, BMO Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and...Seize a remarkable investment opportunity with this Spanish-style duplex, perfectly situated in a vibrant and rapidly developing community! This property features two spacious front units, each with 2 bedrooms and 1 bathroom, along with three garages at the rear. Located in a high-demand area poised to be a focal point for the 2028 Olympics, this duplex is conveniently close to schools, USC, BMO Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, and major freeways. Whether you're an investor or a homeowner eager to create your dream space, this property offers blank canvas for your vision. Don't miss the chance to transform a property in one of the most sought-after cities in the world! KEY FEATURES-TWO GENEROUSLY SIZED UNITS-Each uni provides ample living space, ideal for tenants or personal use. RENOVATION READY- Unleash your creativity! This duplex is primed for a makeover, allowing you to customize interiors to modern tastes and maximize rental income. FLEXIBLE TENANT OPTIONS- Current tenants are in place, but the seller is open to relocating them, giving the buyer the opportunity to enhance the property's value or start fresh.
  1. Listed by Melvin McDonald • DRE #01258257 • Brokerage DRE #01506951 • Glenda Freeman

Property Details for 1519 West 54th Street

Zoning
LAR2
Parcel Number
5003015006
Total Units
2.0
Living Area
1950
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
none
Lot Size Area
5287
LISTING UPDATED: 11/14/2024 01:04 PM

Property Details for 1519 West 54th Street

StatusActive
MLS #24-435555
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.12 AC / 5,287 SF
CountyLos Angeles County

Building Information for 1519 West 54th Street

Stories-Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,287 SF

Property Information for 1519 West 54th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $43,200
  • Net Operating Income: $.00
  • Gross Income: $43,200
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1214
  • Lot Size Square Feet: 5287
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Gas Meters: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $218,038.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $327,058.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $545,096.00

Property History for 1519 West 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 1519 West 54th Street

Taxable ValueLand$333,599Additions$222,398Total$555,997
Tax Record2024$6,943 ($579 / month)
Home Facts
Total Finished SqFt1,950 SqFtAbove Grade Finished SqFt1,950 SqFtLot Size5,286 SqFtStyleDuplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN5003-015-006

Schools near 1519 West 54th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 6 to 11
Public - 9 to 12
Rating
School
Distance
Budlong Avenue Elementary School
PublicK to 5

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 11

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.

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1519 West 54th Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on September 3, 2024 by Glenda Freeman, it's currently listed at $798,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Budlong Avenue Elementary School, Western Avenue Technology Magnet and Barack Obama Global Preparation Academy. 1519 West 54th Street is a 4-bed, 2-bath, 1,950 sqft multi-family home built in 1924.

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 Glenda Freeman, Melvin McDonald, DRE #01258257

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.