1549 West 54th Street

Los Angeles, CA 90062

$1,100,000
Price
2
Beds
4
Baths
3,478 Sq. Ft.
$316 / Sq. Ft.
3,478
Sq. Ft.
$316
per Sq. Ft.

Description

This property has multiple opportunities because the units are very large. They are one bedrooms with a separate dining room which can be kept as a dining room, used as a family room or made into a second bedroom. One of the units is currently vacant so any buyer could occupy the unit and collect income from the remaining three units or renovate the unit and bring it up to market income. The tenants are well under market rent so there is a huge upside potential. There is a communal yard area that...This property has multiple opportunities because the units are very large. They are one bedrooms with a separate dining room which can be kept as a dining room, used as a family room or made into a second bedroom. One of the units is currently vacant so any buyer could occupy the unit and collect income from the remaining three units or renovate the unit and bring it up to market income. The tenants are well under market rent so there is a huge upside potential. There is a communal yard area that could be used for the development or upgraded to create a beautiful shared space for the tenants to enjoy. Units also have a large balcony/yard area that adds to the value of the rentals. With the ADU ordinances, the property may be allowed to add up to two additional units but buyer to verify the possibility of adding any ADUs to the property.
  1. Listed by Tim Chen • DRE #01917982 • Brokerage DRE #01917982 • Tim Chen, Broker • 626-617-8096

Property Details for 1549 West 54th Street

Parking Spaces Total
7
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3478
Assessor Parcel Number
5003-015-015
LISTING UPDATED: 12/09/2024 10:31 PM

Property Details for 1549 West 54th Street

StatusActive
MLS #AR24246565
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.16 AC / 7,002 SF
CountyLos Angeles County

Building Information for 1549 West 54th Street

Stories2Residences-Year Built1923Building Size-Lot Size0.16 AC / 7,002 SF

Property Information for 1549 West 54th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $62,400
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $60,528
  • Net Operating Income: $47,458
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $13,070
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $13,070
Tax / Assessment Info
  • Tax Block: D
  • Tax Tract Number: 232...
  • Tax Census Tract: 2326.01
  • CFD/Mello-Roos Fee: $603
  • Tax Lot: 29
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments, Buyer to Verify
  • Community Features: Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: None
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
  • Flooring: Carpet
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: On Site, Tandem Uncovered, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 7500
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 0

Property History for 1549 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 1549 West 54th Street

Taxable ValueLand$33,623Additions$33,132Total$66,755
Tax Record2024$1,400 ($117 / month)
Home Facts
Total Finished SqFt3,478 SqFtAbove Grade Finished SqFt3,478 SqFtLot Size7,000 SqFtStyleQuadraplexYear Built1923ZoningLAC1CountyLOS ANGELESAPN5003-015-015

Schools near 1549 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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1549 West 54th Street is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on December 9, 2024 by Tim Chen, Broker, it's currently listed at $1,100,000. 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. 1549 West 54th Street is a 2-bed, 4-bath, 3,478 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 Tim Chen, Broker, Tim Chen, DRE #01917982

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.