2716 West 54th Street

Los Angeles, CA 90043

$664,900
Price
8
Beds
6
Baths
3,018 Sq. Ft.
$220 / Sq. Ft.
3,018
Sq. Ft.
$220
per Sq. Ft.

Description

Discover an exceptional investment opportunity with this two-story building, perfectly situated near convenient transportation options. This property comes with approved plans and permits, including a valuable RTI letter, allowing for conversion into two separate 4-bedroom, 3-bathroom units. This potential for transformation adds significant value, making it a fantastic opportunity for investors or developers looking to maximize returns. Its affordability makes it an excellent financing option, allowing...Discover an exceptional investment opportunity with this two-story building, perfectly situated near convenient transportation options. This property comes with approved plans and permits, including a valuable RTI letter, allowing for conversion into two separate 4-bedroom, 3-bathroom units. This potential for transformation adds significant value, making it a fantastic opportunity for investors or developers looking to maximize returns. Its affordability makes it an excellent financing option, allowing you to cover not only the purchase price but also renovation costs. Don’t miss out on this rare chance to capitalize on a prime location with great versatility. For more details and to review the full plans, please call today!
  1. Listed by Behrouz Lavi • DRE #01482721 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-235-7290

Property Details for 2716 West 54th Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3018
Assessor Parcel Number
5006-026-002
Property Attached YN
false
LISTING UPDATED: 10/09/2024 05:59 AM

Property Details for 2716 West 54th Street

StatusActive
MLS #SR24157723
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.05 AC / 2,375 SF
CountyLos Angeles County

Building Information for 2716 West 54th Street

Stories2Residences-Year Built1922Building Size-Lot Size0.05 AC / 2,375 SF

Property Information for 2716 West 54th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $103,680
  • Gross Scheduled Income: $103,680
  • Net Operating Income: $86,480
Expense Details
  • Operating Expense: $17,200
  • New Taxes Expense: $7,700
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,500
  • Maintenance Expense: $3,600
  • Trash Expense: $0
  • Water Sewer Expense: $2,400
  • Total Expenses: $17,200
Tax / Assessment Info
  • Tax Tract Number: 1610
  • Tax Census Tract: 2346.00
  • CFD/Mello-Roos Fee: $396
  • Tax Lot: 94
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen
Exterior Features
  • Entry Location: 54 th St
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4320
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4320
  • 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 2716 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 2716 West 54th Street

Taxable ValueLand$408,000Additions$127,500Total$535,500
Tax Record2024$7,341 ($612 / month)
Home Facts
Total Finished SqFt3,018 SqFtAbove Grade Finished SqFt3,018 SqFtStories1Lot Size2,375 SqFtStyleOffice BuildingYear Built1922ZoningLAC2CountyLOS ANGELESAPN5006-026-002

Schools near 2716 West 54th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alliance Ouchi-O'donovan 6-12 Complex
Charter6 to 12

Whitney Young Continuation 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.

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2716 West 54th Street is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on July 31, 2024 by Keller Williams Realty-Studio City, it's currently listed at $664,900. It has been on the market for a total of 107 days and was last sold on May 23, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include View Park Preparatory Accelerated Charter School, Alliance Ouchi-O'donovan 6-12 Complex and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 2716 West 54th Street is a 8-bed, 6-bath, 3,018 sqft multi-family home built in 1922.

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 Keller Williams Realty-Studio City, Behrouz Lavi, DRE #01482721

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.