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1539 W 54Th St, Los Angeles, CA 90062
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1539 W 54Th St Los Angeles, CA 90062

$645,000 Sold Price as of 01/19/2023
  • 5 Beds
  • 3 Baths
  • 1,883 Sq.Ft.
Sold
$645,000 Sold Price as of 01/19/2023 Refinance Your Mortgage
Map preview of 1539 W 54Th St, Los Angeles, CA 90062

Property Overview: 1539 W 54Th St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,883 living square feet and 5,287 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: $75,000 PRICE REDUCTION -- MOTIVATED SELLER \ SEND YOUR OFFER -- 1539 West 54th Street is a well-kept 3-unit property composed of two buildings plus a 450SF garage structure with access through a back alley; the garage and the two off-street parking spaces next to it are currently occupied by the seller (no off-street parking has been assigned to the current renters). The property was extensively upgraded in 2005 and comprises approximately 1,883 rentable square feet on a 5,287 square foot lot. The front building contains one oversized 1-bedroom 1-bathroom units and a 2-bedroom 1-bathroom (1b/1b per title) unit. The second building is a freestanding 2-bedroom and 1-bathroom unit. The property is separately metered for gas and electricity. This property is located in a growing submarket of Los Angeles within walking distance to many local restaurants and grocery markets while offering tenants convenient access to the 105 and 110 Freeways; a short 14-minute drive to Downtown Los Angeles; and in close proximity to Inglewood's new SoFi stadium and USC. This is a great opportunity to acquire a desirable multi-family asset with substantial upside in the city of Los Angeles and would be a great addition to any investor's portfolio.

Listed by Alex Colombo | BRE #01927702 | Lyon Stahl Investment Real Est
Last checked: 9 minutes ago | Last updated: January 19th, 2023 | Source CRMLS | DOM: 137

Home details

Lot Sq. Ft
5,287
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW22186677
City
Los Angeles
County
Los Angeles
Time on Site
622 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,245
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $2,245
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $988
  • Total Rent: $988
  • Pro Forma/Market Rent: $1,745
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,456
  • Net Operating Income: $27,890
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,293
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $600
  • Insurance: $1,036
  • Water/Sewer: $750

Property Details for 1539 W 54Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5003015012
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: W 54th St & Denker Ave
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1539 W 54Th St

Last sold for $645,000 on January 19th, 2023

  • January, 2023

  • Jan 19, 2023

    Date

    Sold

    CRMLS: PW22186677

    $645,000

    Price

  • Aug 24, 2022

    Date

    Active

    CRMLS: PW22186677

    $725,000

    Price

  • November, 2021

  • Nov 22, 2021

    Date

    Hold

    CRMLS: PW21204646

    $849,900

    Price

  • Sep 17, 2021

    Date

    Active

    CRMLS: PW21204646

    $849,900

    Price

  • Listing provided courtesy of CRMLS

    Great legal triplex per public records, 2-1 at approx $1300/mo. another 2-1 at approx $$1300 per month, a 1-1 at approx $1000 a month. The rents are nearly $3600/mo. A rental survey reveals that is low leaving plenty of room for upside.

  • May, 2004

  • May 13, 2004

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

  • March, 1994

  • Mar 18, 1994

    Date

    Sold (Public Records)

    Public Records

    $160,000

    Price

Show More

Tax History for 1539 W 54Th St

Assessed Value (2020): $455,005
Year Land Value Improved Value Assessed Value
2020 $273,005 $182,000 $455,005

Home Value Compared to the Market

This property vs the competition

1539 W 54Th St sold on January 19, 2023 for 45.38% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $345.19 per/sqft which puts the price per square foot 54.28% lower than the current median sale per square foot for the city of Los Angeles.

About 1539 W 54Th St

Detailed summary of property

1539 W 54Th St is a multi family that recently sold in Los Angeles, CA 90062. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,883 living square feet, and sits on an approximately 5,287 square foot lot. 1539 W 54Th St was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $645,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.38% lower than the current median priced home. Local homes that are currently for sale include 1496 W Vernon Ave, 1253 W 65th St and 5170 S Van Ness Ave. While the average home in Los Angeles, CA is selling in 94 days, 1539 W 54Th St has a days on market of 137 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1539 W 54Th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1539 W 54Th St

Public county record property details
Beds
4
Baths
3
Year built
1923
Sq. Ft.
1,883
Lot Size
5,286
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5003-015-012

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$859,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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