1607 W 54Th St, Los Angeles, CA 90062
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1607 W 54Th St Los Angeles, CA 90062

$1,595,000
  • -- Beds
  • -- Baths
  • 7,000 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified

Map preview of 1607 W 54Th St, Los Angeles, CA 90062

Property Overview: 1607 W 54Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 7,000 living square feet and 6,969 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 30% leased at $2.25 per Sq.Ft. For sale or lease prime manufacturing/warehouse building near Downtown LA. This renovated gem features 7,000 Sq. Ft. with flexible divisions: Two 2,000 Sq. Ft. units (can be combined for a total of 4,000 Sq.Ft.) perfect for a multitude of retail or indoor shopping (swap meet) type uses and one 1,000 Sq. Ft. unit perfect for retail store, or other commercial or office type uses. Signalized intersection corner lot. Impressive 21' Bow Truss ceilings and 13.5' clearance. Equipped with 200 AMP power service. 2 roll-up doors for convenient access. Newly redone roof with a 5-Year Warranty. Frontage on W. 54th Street and Denker Avenue. Strategically located just one block east of Western Avenue and one block west of Normandie Avenue, minutes from Downtown LA, and 1.6 miles west of the 110 Freeway. Zoned LAC1 and in a TOC Tier 2 Zone, potential for building 28 units using TOC or pursuing 100% affordable projects.

Listed by Oron Maher | BRE #01299093 | Maher Commercial Realty
Last checked: 2 minutes ago | Last updated: April 15th, 2024 | Source CRMLS | DOM: 116
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Home details

Lot Sq. Ft
6,969
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Other
Status
Active
MLS#
24343395
City
Los Angeles
County
Los Angeles
Time on Site
114 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1607 W 54Th St

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Other
Property Information
  • Total # of Units: 4
  • Parcel Number: 5003014036
Location / Neighborhood
Location Information
  • Directions: South on Western Avenue, Ease on W. 54th Street
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Sale History for 1607 W 54Th St

Last sold for $650,000 on August 11th, 2023
  • January, 2024

  • Jan 3, 2024

    Date

    Active

    CRMLS: 24343429

    $14,700

    Price

  • Listing provided courtesy of CRMLS

    For sale or lease prime manufacturing/warehouse space near Downtown LA. This renovated gem features 5,000 Sq. Ft. with flexible divisions. Two 2,000 Sq. Ft. retail units (can be combined for a total of 4,000 Sq.Ft.) available for $1.50/SF/MG. Perfect for a multitude of retail or indoor shopping (swap meet) type uses, 21' Bow Truss Ceilings and 13.5' clearance, one bathroom and small kitchenette, 200 AMP power, 1 roll-up door and 1 smaller door. One 1,000 Sq. Ft. unit available for $1.65/SF/MG. Perfect for retail store, or other commercial or office type uses, 12' ceiling clearance, bathroom, frontage on W. 54th Street, newly painted and renovated. Signalized intersection corner lot. Zoned LAC1 and in a TOC Tier 2 Zone, potential for building 28 units using TOC or pursuing 100% affordable projects. Newly redone roof with a 5-Year Warranty. Frontage on W. 54th Street and Denker Avenue. Strategically located just one block east of Western Avenue and one block west of Normandie Avenue, minutes from Downtown LA, and 1.6 miles west of the 110 Freeway.

  • January, 2024

  • Jan 3, 2024

    Date

    Active

    CRMLS: 24343395

    $2,300,000

    Price

  • August, 2023

  • Aug 11, 2023

    Date

    Sold

    CRMLS: IN23010365

    $650,000

    Price

  • Jan 19, 2023

    Date

    Active

    CRMLS: IN23010365

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT BUSINESS OPPORTUNITY FOR INVESTORS OF ALL KIND. MIXED USE, STORES, AUTO REPAIR, CABINET MAKERS, OFFICES ETC. MOTIVATED SELLERS, BRING OFFERS.

  • April, 2022

  • Apr 7, 2022

    Date

    Hold

    CRMLS: IN21112926

    $875,000

    Price

  • Jan 25, 2022

    Date

    Hold

    CRMLS: IN21112926

    $875,000

    Price

  • May 27, 2021

    Date

    Active

    CRMLS: IN21112926

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT CORNER LOT LOCATION FOR RENOVATION OF COMMERCIAL USE ONLY, OR CAN ALSO BE DEVELOPED INTO MIXED USE , OR RESIDENTIAL INCOME.

  • November, 2019

  • Nov 26, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2011

  • Aug 22, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1607 W 54Th St

Assessed Value (2020): $290,407
Year Land Value Improved Value Assessed Value
2020 $189,106 $101,301 $290,407

Home Value Compared to the Market

This property vs the competition

1607 W 54Th St is listed 30.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $227.86 per/sqft which puts the price per square foot 70.56% lower than the median price per square foot for the city of Los Angeles.

About 1607 W 54Th St

Detailed summary of property

1607 W 54Th St is a other located in Los Angeles, CA 90062 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 7,000 living square feet, and sits on an approximately 6,969 square foot lot. 1607 W 54Th St was first listed on ArdentRealEstateGroup.com on January 8, 2024. The homeowner is currently asking $1,595,000 and was originally asking $2,300,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.2% higher than the median priced home. Local competing homes currently for sale include 317 W 56th St, 4703 Crenshaw Blvd and 726 W 76th St. While the average home in Los Angeles, CA is selling in 96 days, 1607 W 54Th St has a days on market of 116 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1607 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 1607 W 54Th St

Public county record property details
Beds
--
Baths
--
Year built
1921
Sq. Ft.
7,000
Lot Size
7,000
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
58
APN
5003-014-036

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
$799,999
Median List Price/Sq.Ft.
$576
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.