154 South Ave 54

Los Angeles, CA 90042

$1,550,000
Last Sold Price
4
Beds
4
Baths
2,290 Sq. Ft.
$677 / Sq. Ft.
2,290
Sq. Ft.
$677
per Sq. Ft.

Description

Incredible Owner-User or Investment opportunity to acquire a beautifully remodeled 4-plex in highly desirable Highland Park. A lot of money invested in this meticulous renovation project. The property consists of one 2 bedroom 1 bath (occupied), one 1 bedroom 1 bath (open), one 1 bedroom 1 bath (occupied), and one studio (occupied). All four apartments have been extensively remodeled. The occupied studio, 2 bedroom, and 1 bedroom units have tenants who have been there for less than one year. One...Incredible Owner-User or Investment opportunity to acquire a beautifully remodeled 4-plex in highly desirable Highland Park. A lot of money invested in this meticulous renovation project. The property consists of one 2 bedroom 1 bath (occupied), one 1 bedroom 1 bath (open), one 1 bedroom 1 bath (occupied), and one studio (occupied). All four apartments have been extensively remodeled. The occupied studio, 2 bedroom, and 1 bedroom units have tenants who have been there for less than one year. One of the four units will be open at the close of escrow. Additionally, the three occupied units are open to remaining for a year post COE and are on a year contract. The property is conveniently located on a quiet street just a walk away from red-hot Figueroa Boulevard where you'll find local favorites like Hippo, Kitchen Mouse, Cookbook, HomeState, Civil Coffee, Cafe Birdie, ETA, Otoño, Rosty, and so many more. You also have easy access to freeways and proximity to DTLA, Pasadena, the Metro Gold Line, all the restaurants, bars, coffee shops, nightlife, and the vibrant urban lifestyle that Highland Park offers.
  1. Listed by Andrew Izquierdo • DRE #02036289 • Brokerage DRE #00804434 • Las Casas Realty, Inc.
  2. Listed by Blake Avila • DRE #02136253 • Brokerage DRE #00804434 • Las Casas Realty, Inc.

Property Details for 154 South Ave 54

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
LISTING UPDATED: 09/26/2023 05:36 AM

Property Details for 154 South Ave 54

StatusClosed
MLS #GD23085104
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.13 AC / 5,619 SF
CountyLos Angeles County

Building Information for 154 South Ave 54

Stories2Residences-Year Built1940Building Size-Lot Size0.13 AC / 5,619 SF

Property Information for 154 South Ave 54

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $120,000
  • Gross Scheduled Income: $120,000
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $100,570
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $150
  • Financing: Cash
Expense Details
  • Operating Expense: $19,430
  • New Taxes Expense: $21,250
  • Gardener Expense: $780
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $75
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $3,600
  • Insurance Expense: $2,400
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Supplies Expense: $0
  • Total Expenses: $700
Tax / Assessment Info
  • Tax Block: 42
  • Tax Tract Number: 183...
  • Tax Census Tract: 1838.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: 6 Burner Stove, Built-In Range, Dishwasher, Electric Oven, Electric Cooktop, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
  • Laundry: Yes
  • Laundry Features: Community, Dryer Included, Outside, Washer Included
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: Tile, Vinyl
Exterior Features
  • Construction Materials: Concrete
  • Roof: Shingle
  • Entry Location: East
  • Fence: Yes
  • Fencing: Wood
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Yard
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 0
  • Number With Disposal: 3
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 4

Property History for 154 South Ave 54

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 154 South Ave 54

Taxable ValueLand$1,000,000Additions$550,420Total$1,550,420
Tax Record2024$19,040 ($1,587 / month)
Home Facts
Total Finished SqFt2,290 SqFtAbove Grade Finished SqFt2,290 SqFtLot Size5,619 SqFtStyleQuadraplexYear Built1940ZoningLARD2CountyLOS ANGELESAPN5468-015-029

Schools near 154 South Ave 54

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 2 to 5
Public - 6 to 12
Public - K to 8
Charter - 9 to 12
Rating
School
Distance
Monte Vista Street Elementary School
Public2 to 5

Benjamin Franklin Senior High School
Public6 to 12

Arroyo Seco Museum Science
PublicK to 8

Los Angeles International School
Charter9 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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Similar Sold Homes

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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 Las Casas Realty, Inc., Andrew Izquierdo, DRE #02036289; Las Casas Realty, Inc., Blake Avila, DRE #02136253

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.