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212 E 54Th St, Los Angeles, CA 90011
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212 E 54Th St Los Angeles, CA 90011

$775,000 Sold Price as of 01/08/2024
  • 6 Beds
  • 4 Baths
  • 2,430 Sq.Ft.
Sold
$775,000 Sold Price as of 01/08/2024 Refinance Your Mortgage
Map preview of 212 E 54Th St, Los Angeles, CA 90011

Property Overview: 212 E 54Th St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,430 living square feet and 5,330 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of two buildings totaling 2,430 SF. Front building is a 4 Bedroom / 2 Bath House paying $3,700 and rear building has two 1 Bedroom / 1 Bath units paying $1,050 and $1,300 each. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.

Listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 4 minutes ago | Last updated: January 9th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
5,330
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SB23210755
City
Los Angeles
County
Los Angeles
Time on Site
177 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,700
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.03%
  • Gross Rent Multiplier: 10.33
  • Gross Scheduled Income: $72,600
  • Net Operating Income: $52,700
  • Gross Operating Income: --
  • Vacancy Allowance: $2,178
Annual Expense Breakdown
  • Total Operating Expense: $17,723
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $9,375
  • Trash: $0
  • Gardener: $960
  • Insurance: $3,038
  • Maintenance: $1,950
  • Water/Sewer: $2,400

Property Details for 212 E 54Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 5101013008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: East of Broadway and north of Slauson Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 212 E 54Th St

Last sold for $775,000 on January 8th, 2024

  • January, 2024

  • Jan 8, 2024

    Date

    Sold

    CRMLS: SB23210755

    $775,000

    Price

  • Nov 15, 2023

    Date

    Active

    CRMLS: SB23210755

    $750,000

    Price

  • August, 2021

  • Aug 25, 2021

    Date

    Price Change

    CRMLS: DW21150646

    $759,900

    Price

  • Aug 19, 2021

    Date

    Price Change

    CRMLS: DW21150646

    $780,000

    Price

  • Jul 23, 2021

    Date

    Active

    CRMLS: DW21150646

    $799,900

    Price

  • Jul 14, 2021

    Date

    Coming Soon

    CRMLS: DW21150646

    $799,900

    Price

  • Listing provided courtesy of CRMLS

    This subject property, is a multi-family located in the 90011 area of Los Angeles. This Triplex has a good size two story front house, which consists of 4 Bedrooms with 2 Baths & has the option of using the living room as a 5th room, if needed. Located in the back section of the lot, are 2 more units which are situated over the garages with both consisting of, 1 Bedroom 1 Bath each. Also, In addition to off site parking, this property has it's own onsite parking spaces with access coming from the alley. Property being cleaned up & more info. to come.

  • May, 2018

  • May 4, 2018

    Date

    Canceled

    CRMLS: DW18000762

    $629,999

    Price

  • Jan 2, 2018

    Date

    Active

    CRMLS: DW18000762

    $629,999

    Price

  • Listing provided courtesy of CRMLS

    ----TRIPLEX---- with HUGE BEAUTIFUL VICTORIAN HOME!! Large 2 story main home has 5 bedrooms and 2 baths, remodeled inside and out!!! (YES main House CAN BE DELIVERED VACANT!!) two back units over 3 car garage (1 bed I bath EACH FULLY REMODELED too!)***this beautiful move in ready property is a rare find***

  • February, 2018

  • Feb 23, 2018

    Date

    Canceled

    CRMLS: DW18000734

    $629,999

    Price

  • Jan 2, 2018

    Date

    Price Change

    CRMLS: DW18000734

    $629,999

    Price

  • Jan 2, 2018

    Date

    Active

    CRMLS: DW18000734

    $629,000

    Price

  • Listing provided courtesy of CRMLS

    TRIPLEX with HUGE BEAUTIFUL VICTORIAN HOME!! Large 2 story main home has 5 bedrooms and 2 baths, remodeled inside and out!!! (YES main House CAN BE DELIVERED VACANT!!) two back units over 3 car garage (1 bed I bath EACH FULLY REMODELED too!)***this beautiful move in ready property is a rare find***

  • January, 2016

  • Jan 25, 2016

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • May, 2015

  • May 5, 2015

    Date

    Sold (Public Records)

    Public Records

    $289,000

    Price

Show More

Tax History for 212 E 54Th St

Assessed Value (2020): $487,093
Year Land Value Improved Value Assessed Value
2020 $216,485 $270,608 $487,093

Home Value Compared to the Market

This property vs the competition

212 E 54Th St sold on January 8, 2024 for 36.97% 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 $308.64 per/sqft which puts the price per square foot 59.12% lower than the current median sale per square foot for the city of Los Angeles.

About 212 E 54Th St

Detailed summary of property

212 E 54Th St is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 6 bedrooms, 4 bathrooms, roughly 2,430 living square feet, and sits on an approximately 5,330 square foot lot. 212 E 54Th St was first listed on ArdentRealEstateGroup.com on November 14, 2023. The homeowner sold the property for $775,000. 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 36.97% lower than the current median priced home. Local homes that are currently for sale include 6211 S Broadway, 735 E Vernon Ave and 4918 Wadsworth Ave. While the average home in Los Angeles, CA is selling in 93 days, 212 E 54Th St has a days on market of 20 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 212 E 54Th St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 212 E 54Th St

Public county record property details
Beds
6
Baths
3
Year built
1931
Sq. Ft.
2,430
Lot Size
5,329
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5101-013-008

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$457
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

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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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