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2900 W 54Th St, Los Angeles, CA 90043
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2900 W 54Th St Los Angeles, CA 90043

$2,349,000
  • 9 Beds
  • 23 Baths
  • 6,755 Sq.Ft.
For Sale
$2,349,000 Get Pre-Qualified
Map preview of 2900 W 54Th St, Los Angeles, CA 90043

Property Overview: 2900 W 54Th St Los Angeles, CA has 9 bedrooms, 23 bathrooms, 6,755 living square feet and 10,102 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: Here's an exceptional opportunity to own a superb property in a highly sought-after location. This building not only boasts low-maintenance upkeep but also offers ease of management, making it an ideal investment choice. The majority of units feature distinctive high vaulted ceilings, enhancing their allure and appeal.This property includes three garages and seven carports, providing ample parking space for residents. With central water heating and separate utility metering, it offers added convenience and efficiency. Additionally, tenants benefit from a dedicated laundry room within the building.Bringing forth immense potential, this property is strategically situated in a central location. It comprises a diverse mix of units, including a spacious 3-bedroom, 1.5-bathroom unit, a comfortable 2-bedroom, 1-bathroom unit, four cozy 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each.Conveniently adjacent to Leimert Park, residents enjoy easy access to public transportation, including trains and buses. Don't let this remarkable investment opportunity slip by!

Listed by Melissa Knight | BRE #01184594 | The Hills Premier Realty
Last checked: 3 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
10,102
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24381017
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 10
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $2,104
  • Total Rent: $2,104
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,378
  • Total Rent: $3,378
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,382
  • Total Rent: $2,382
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,293
  • Total Rent: $1,293
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.78
  • Gross Scheduled Income: --
  • Net Operating Income: $130,884
  • Gross Operating Income: $166,884
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2900 W 54Th St

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Property Details for 2900 W 54Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 10
  • Parcel Number: 5006020017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Crenshaw
View more facts & features

Local Los Angeles Agent

Sale History for 2900 W 54Th St

Last sold on October 6th, 2017

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: 24381017

    $2,349,000

    Price

  • March, 2024

  • Mar 29, 2024

    Date

    Expired

    CRMLS: 23239719

    $2,699,000

    Price

  • Feb 5, 2023

    Date

    Active

    CRMLS: 23239719

    $2,999,000

    Price

  • Listing provided courtesy of CRMLS

    Here's your chance to own a fantastic property in a prime location. This building is not only low-maintenance but also easy to manage, making it an ideal investment. Most units are uniquely designed with high vaulted ceilings, adding to their appeal.The property features three garages and seven carports, ensuring ample parking for residents. With central water heating and separate metering for utilities, it offers added convenience. Plus, a dedicated laundry room is available in the building for tenants.This property is brimming with potential and is perfectly situated in a central location. It includes a mix of units, such as a 3-bedroom, 1.5-bathroom unit, a 2-bedroom, 1-bathroom unit, four 1-bedroom, 1-bathroom units, and three single units with 1 bathroom each.Located adjacent to Leimert Park and within walking distance of Crenshaw, this property offers easy access to public transportation, including trains and buses. Don't miss out on this remarkable investment opportunity!

  • October, 2017

  • Oct 6, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2017

  • Jun 6, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

Show More

Tax History for 2900 W 54Th St

Assessed Value (2020): $1,430,550
Year Land Value Improved Value Assessed Value
2020 $1,144,440 $286,110 $1,430,550

Home Value Compared to the Market

This property vs the competition

2900 W 54Th St is listed 91.76% 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 $347.74 per/sqft which puts the price per square foot 55.07% lower than the median price per square foot for the city of Los Angeles.

About 2900 W 54Th St

Detailed summary of property

2900 W 54Th St is a multi family located in Los Angeles, CA 90043 and is currently for sale. This multi family property offers 9 bedrooms, 23 bathrooms, roughly 6,755 living square feet, and sits on an approximately 10,102 square foot lot. 2900 W 54Th St was first listed on ArdentRealEstateGroup.com on April 19, 2024. The homeowner is currently asking $2,349,000. 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 91.76% higher than the median priced home. Local competing homes currently for sale include 8417 S Halldale Ave, 4418 S Hoover St and 603 W 47th St. While the average home in Los Angeles, CA is selling in 96 days, 2900 W 54Th St has a days on market of 16 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 2900 W 54Th St Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2900 W 54Th St

Public county record property details
Beds
8
Baths
10
Year built
1956
Sq. Ft.
6,755
Lot Size
10,105
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
128
APN
5006-020-017

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$945,000
Median List Price/Sq.Ft.
$588
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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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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