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216 E 54th St, Los Angeles, CA 90011
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216 E 54th St Los Angeles, CA 90011

$870,000 Sold Price as of 11/29/2023
  • 9 Beds
  • 4 Baths
  • 2,680 Sq.Ft.
Sold
$870,000 Sold Price as of 11/29/2023 Refinance Your Mortgage
Map preview of 216 E 54th St, Los Angeles, CA 90011

Property Overview: 216 E 54th St Los Angeles, CA has 9 bedrooms, 4 bathrooms, 2,680 living square feet and 5,332 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Over a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. If interested after the sale, discounted professional property management services are available for 6 months with current manager.

Listed by Ryan Smagacz | BRE #02126879 | Real Broker
Co-listed by Emmanuel Gamboa | BRE #02041836 | Exclusive Realty Associates
Last checked: 2 minutes ago | Last updated: November 29th, 2023 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
5,332
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
DW23167112
City
Los Angeles
County
Los Angeles
Time on Site
256 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: 5
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,150
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,170
  • Total Rent: $1,170
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $75,847
  • Net Operating Income: $53,647
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,000
  • Trash: $1,200
  • Insurance: $18,000
  • Water/Sewer: $2,800

Property Details for 216 E 54th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Ductless
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down, Bonus Room, Family Room, Kitchen, Laundry, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Gas Oven, Microwave
Interior Features
  • Ceiling Fan(s), Granite Counters, Laminate Counters
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Flat
  • Rain Gutters
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Off Street
Lot Information
  • Lot Features: 2-5 Units/Acre, Rectangular Lot, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 5101013007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Go east once you get off the 110 freeway
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 216 E 54th St

Last sold for $870,000 on November 29th, 2023

  • November, 2023

  • Nov 29, 2023

    Date

    Sold

    CRMLS: DW23167112

    $870,000

    Price

  • Sep 7, 2023

    Date

    Active

    CRMLS: DW23167112

    $930,000

    Price

  • February, 2019

  • Feb 14, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 13, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 12, 2018

    Date

    Sold

    CRMLS: DW18257794

    $615,000

    Price

  • Dec 4, 2018

    Date

    Pending

    CRMLS: DW18257794

    $584,900

    Price

  • Oct 24, 2018

    Date

    Active

    CRMLS: DW18257794

    $584,900

    Price

  • Listing provided courtesy of CRMLS

    Great Income property in the city of Los Angeles!!!! Property features 3 units with a total of 8 bedrooms. Located within walking distance to South LA Wetland Park, schools, local amenities and public transportation. Perfect opportunity to own an investment property. Two of the units have some upgrades like, Kitchen cabinets and counter tops along with flooring and bathrooms... PRICED TO SELL!!!!!

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Tax History for 216 E 54th St

Assessed Value (2020): $627,300
Year Land Value Improved Value Assessed Value
2020 $397,800 $229,500 $627,300

Home Value Compared to the Market

This property vs the competition

216 E 54th St sold on November 29, 2023 for 28.57% 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 $317.16 per/sqft which puts the price per square foot 57.99% lower than the current median sale per square foot for the city of Los Angeles.

About 216 E 54th St

Detailed summary of property

216 E 54th St is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 9 bedrooms, 4 bathrooms, roughly 2,680 living square feet, and sits on an approximately 5,332 square foot lot. 216 E 54th St was first listed on ArdentRealEstateGroup.com on September 7, 2023. The homeowner sold the property for $870,000. 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 28.57% lower than the current median priced home. Local homes that are currently for sale include 854 E 50th St, 217 E 64th St and 6211 S Broadway. While the average home in Los Angeles, CA is selling in 92 days, 216 E 54th St has a days on market of 22 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 216 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 216 E 54th St

Public county record property details
Beds
8
Baths
4
Year built
1914
Sq. Ft.
2,680
Lot Size
5,331
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5101-013-007

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
$649,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
43
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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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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