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154 S Avenue 54, Los Angeles, CA 90042
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154 S Avenue 54 Los Angeles, CA 90042

$1,550,000 Sold Price as of 09/26/2023
  • 4 Beds
  • 3.5 Baths
  • 2,290 Sq.Ft.
Sold
$1,550,000 Sold Price as of 09/26/2023 Refinance Your Mortgage
Map preview of 154 S Avenue 54, Los Angeles, CA 90042

Property Overview: 154 S Avenue 54 Los Angeles, CA has 4 bedrooms, 3.5 bathrooms, 2,290 living square feet and 5,619 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Andrew Izquierdo | BRE #02036289 | Las Casas Realty, Inc.
Co-listed by Blake Avila | BRE #02136253 | Las Casas Realty, Inc.
Last checked: 3 minutes ago | Last updated: September 26th, 2023 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft
5,619
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
GD23085104
City
Los Angeles
County
Los Angeles
Time on Site
388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,000
  • Net Operating Income: $100,570
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $150
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $19,430
  • Electric: $3,600
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $21,250
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $780
  • Insurance: $2,400
  • Maintenance: $6,000
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $3,600

Property Details for 154 S Avenue 54

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Outside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Vinyl
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Built-In Range, Dishwasher, Electric Oven, Electric Cooktop, Freezer, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wood
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5468015029
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Traveling on fig head south on Ave 54, property is on the right side on the corner of Ave 54 and Longfellow St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 154 S Avenue 54

Last sold for $1,550,000 on September 26th, 2023

  • September, 2023

  • Sep 26, 2023

    Date

    Sold

    CRMLS: GD23085104

    $1,550,000

    Price

  • Jul 2, 2023

    Date

    Active

    CRMLS: GD23085104

    $1,598,000

    Price

  • July, 2020

  • Jul 14, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2015

  • Nov 20, 2015

    Date

    Sold (Public Records)

    Public Records

    $696,000

    Price

Show More

Tax History for 154 S Avenue 54

Assessed Value (2020): $753,790
Year Land Value Improved Value Assessed Value
2020 $452,455 $301,335 $753,790

Home Value Compared to the Market

This property vs the competition

154 S Avenue 54 sold on September 26, 2023 for 21.51% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $675.98 per/sqft which puts the price per square foot 14.54% lower than the current median sale per square foot for the city of Los Angeles.

About 154 S Avenue 54

Detailed summary of property

154 S Avenue 54 is a apartment that recently sold in Los Angeles, CA 90042. This apartment offered 4 bedrooms, 3.5 bathrooms, roughly 2,290 living square feet, and sits on an approximately 5,619 square foot lot. 154 S Avenue 54 was first listed on ArdentRealEstateGroup.com on June 12, 2023. The homeowner sold the property for $1,550,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.51% higher than the current median priced home. Local homes that are currently for sale include 2221 Griffin Ave, 5150 Ithaca Ave and 4420 Verdugo Rd. While the average home in Los Angeles, CA is selling in 100 days, 154 S Avenue 54 has a days on market of 43 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 154 S Avenue 54 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 154 S Avenue 54

Public county record property details
Beds
3
Baths
4
Year built
1940
Sq. Ft.
2,290
Lot Size
5,619
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10,11
APN
5468-015-029

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,200,000
Median List Price/Sq.Ft.
$789
Median Sold Price
$1,140,000
Median Sold Price/Sq.Ft.
$895
Total Inventory
90
Median Sale to List Price %
115.27%
Avg Days on Market
19
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (34.62%), Other (7.69%)

Thinking of Selling?

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Recently Sold Homes Near 154 S Avenue 54

159 S Avenue 53, Los Angeles, CA 90042
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238 S Avenue 54, Los Angeles, CA 90042
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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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