2900 West 54th Street

Los Angeles, CA 90043

$1,799,000
Price
8
Beds
10
Baths
6,755 Sq. Ft.
$266 / Sq. Ft.
6,755
Sq. Ft.
$266
per Sq. Ft.

Description

Here's an exceptional opportunity to own a superb property in a highly sought-after location. This building not only boasts low-maintenance upkeep but also offers ease of management, making it an ideal investment choice. The majority of units feature distinctive high vaulted ceilings, enhancing their allure and appeal. This property includes three garages and seven carports, providing ample parking space for residents. With central water heating and separate utility metering, it offers added convenience...Here's an exceptional opportunity to own a superb property in a highly sought-after location. This building not only boasts low-maintenance upkeep but also offers ease of management, making it an ideal investment choice. The majority of units feature distinctive high vaulted ceilings, enhancing their allure and appeal. This property includes three garages and seven carports, providing ample parking space for residents. With central water heating and separate utility metering, it offers added convenience and efficiency. Additionally, tenants benefit from a dedicated laundry room within the building. Bringing forth immense potential, this property is strategically situated in a central location. It comprises a diverse mix of units, including a spacious 3-bedroom, 1.5-bathroom unit, a comfortable 2-bedroom, 1-bathroom unit, four cozy 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each. Conveniently adjacent to Leimert Park, residents enjoy easy access to public transportation, including trains and buses. Don't let this remarkable investment opportunity slip by!
  1. Listed by Melissa Knight • DRE #01184594 • Brokerage DRE #01475932 • The Hills Premier Realty

Property Details for 2900 West 54th Street

Zoning
LAR3
Parcel Number
5006020017
Total Units
10.0
Living Area
6755
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
2
Lot Size Area
10102
LISTING UPDATED: 12/18/2024 10:33 PM

Property Details for 2900 West 54th Street

StatusActive
MLS #24-381017
Days on Market243
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.23 AC / 10,102 SF
CountyLos Angeles County

Building Information for 2900 West 54th Street

Stories2Residences-Year Built1956Building Size-Lot Size0.23 AC / 10,102 SF

Property Information for 2900 West 54th Street

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 10
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $166,884
  • Net Operating Income: $130,884.00
  • Gross Income: $166,884
  • Gross Rent Multiplier: $13.78
  • Actual Annual Gross Rent: $166,884.00
  • Actual Rent Total: $10,907.00
  • Total Annual Expense: 36000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2319
  • Lot Size Square Feet: 10102
  • Lot Size Dimensions: 75x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 0
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-19-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $2,104.00
  • Unit Actual Rent: $2,104.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,378.00
  • Unit Actual Rent: $3,378.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,293.00
  • Unit Actual Rent: $1,293.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,382.00
  • Unit Actual Rent: $2,382.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $300,752.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,203,009.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,503,761.00

Property History for 2900 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 2900 West 54th Street

Taxable ValueLand$1,227,069Additions$306,767Total$1,533,836
Tax Record2024$19,888 ($1,657 / month)
Home Facts
Total Finished SqFt6,755 SqFtAbove Grade Finished SqFt6,755 SqFtLot Size10,106 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN5006-020-017

Schools near 2900 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.

Similar Homes

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2900 West 54th Street is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on April 16, 2024 by The Hills Premier Realty, it's currently listed at $1,799,000. It has been on the market for a total of 243 days and was last sold on June 6, 2017. 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. 2900 West 54th Street is a 8-bed, 10-bath, 6,755 sqft multi-family home built in 1956.

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 The Hills Premier Realty, Melissa Knight, DRE #01184594

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.