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617 W 54Th St, Los Angeles, CA 90037
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617 W 54Th St Los Angeles, CA 90037

$1,250,000 Sold Price as of 03/01/2023
  • 10 Beds
  • 7 Baths
  • 3,548 Sq.Ft.
Sold
$1,250,000 Sold Price as of 03/01/2023 Refinance Your Mortgage
Map preview of 617 W 54Th St, Los Angeles, CA 90037

Property Overview: 617 W 54Th St Los Angeles, CA has 10 bedrooms, 7 bathrooms, 3,548 living square feet and 5,460 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This new construction duplex is located in the bustling city of Los Angeles! The duplex boasts 5 bedrooms and 4 bathrooms in each unit. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and high-end fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, central HVAC, and a new solar system. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. This feature provides an added level of financial security and peace of mind for landlords, making it a smart investment opportunity. In addition to the spacious units, this new construction duplex also offers an opportunity to convert the detached garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU can be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This new construction duplex offers an outstanding investment opportunity, with proforma rents estimated to yield a 6.23% cap rate. However, the property's value proposition becomes even more compelling with the added potential for rental income from the ADU. With the additional rent from the ADU, the overall cap rate could potentially exceed 7.5%. This unique feature of the property offers endless possibilities and could provide a great return on investment. Furthermore, it is important to note that the property is not subject to rent control, which ensures that the landlord can charge market rents. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants.

Listed by Drew Dunn | BRE #01941825 | Four Brothers Real Estate
Last checked: 12 minutes ago | Last updated: March 2nd, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
5,460
HOA Dues
$0/mo
Year built
2023
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC23008246
City
Los Angeles
County
Los Angeles
Time on Site
486 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.23%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $108,000
  • Net Operating Income: $81,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,350
  • Water/Sewer: $0

Property Details for 617 W 54Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Vinyl
  • Attic, Entry, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Office
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Gas Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
Interior Features
  • Quartz Counters, Recessed Lighting, Storage
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting, Rain Gutters
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5001025019
  • Year Built Source: Builder
  • Architectural Style: Contemporary
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
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, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 54th and hoover
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 617 W 54Th St

Last leased for $4,500 on March 1st, 2023

  • March, 2023

  • Mar 1, 2023

    Date

    Sold

    CRMLS: OC23008246

    $1,250,000

    Price

  • Jan 17, 2023

    Date

    Active

    CRMLS: OC23008246

    $1,300,000

    Price

  • March, 2023

  • Mar 1, 2023

    Date

    Leased

    CRMLS: OC23008470

    $4,500

    Price

  • Jan 16, 2023

    Date

    Active

    CRMLS: OC23008470

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Are you looking for a spacious and modern rental in the heart of Los Angeles? Look no further than this new construction duplex on 617 W 54th St. The property features two units, each with 5 bedrooms and 4 bathrooms, providing ample space for you and your family. The open floor plans include a living room, dining area, and a gourmet kitchen with new stainless steel appliances, granite countertops, and in-unit washer/dryer hookups. The bedrooms are well-sized with ample closet space and the bathrooms feature sleek designs and high-end fixtures. Other notable features include a private patio or balcony, in-unit laundry, central air conditioning, and an electric gate opener for privacy. The property also boasts a green certification and a new solar system which can help reduce your utility costs. Each unit comes with 2 assigned parking spots. This property is conveniently located near major roads and freeways, as well as public transportation, which makes it perfect for those looking for easy access to the city. Don't miss out on this rare opportunity to rent a modern, eco-friendly, energy-efficient home that comes with new appliances, parking, a gate opener, and a fenced yard in the heart of Los Angeles. Contact us today to schedule a showing!

  • March, 2023

  • Mar 1, 2023

    Date

    Leased

    CRMLS: OC23008474

    $4,500

    Price

  • Jan 16, 2023

    Date

    Active

    CRMLS: OC23008474

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Are you looking for a spacious and modern rental in the heart of Los Angeles? Look no further than this new construction duplex on 617 W 54th St. The property features two units, each with 5 bedrooms and 4 bathrooms, providing ample space for you and your family. The open floor plans include a living room, dining area, and a gourmet kitchen with new stainless steel appliances, granite countertops, and in-unit washer/dryer hookups. The bedrooms are well-sized with ample closet space and the bathrooms feature sleek designs and high-end fixtures. Other notable features include a private patio or balcony, in-unit laundry, central air conditioning, and an electric gate opener for privacy. The property also boasts a green certification and a new solar system which can help reduce your utility costs. Each unit comes with 2 assigned parking spots. This property is conveniently located near major roads and freeways, as well as public transportation, which makes it perfect for those looking for easy access to the city. Don't miss out on this rare opportunity to rent a modern, eco-friendly, energy-efficient home that comes with new appliances, parking, a gate opener, and a fenced yard in the heart of Los Angeles. Contact us today to schedule a showing!

  • July, 2019

  • Jul 29, 2019

    Date

    Canceled

    CRMLS: CV19153287

    $419,900

    Price

  • Jun 28, 2019

    Date

    Active

    CRMLS: CV19153287

    $419,900

    Price

  • Listing provided courtesy of CRMLS

    showing by appointment only Home owners are home most of the time It needs lots of TLC . Sale is contingent on Seller finding a replacement home

  • December, 1998

  • Dec 22, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 1998

  • Jul 30, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 617 W 54Th St

Assessed Value (2020): $159,731
Year Land Value Improved Value Assessed Value
2020 $122,614 $37,117 $159,731

Home Value Compared to the Market

This property vs the competition

617 W 54Th St sold on March 1, 2023 for 9.24% higher 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 $366.4 per/sqft which puts the price per square foot 51.47% lower than the current median sale per square foot for the city of Los Angeles.

About 617 W 54Th St

Detailed summary of property

617 W 54Th St is a duplex that recently sold in Los Angeles, CA 90037. This duplex offered 10 bedrooms, 7 bathrooms, roughly 3,548 living square feet, and sits on an approximately 5,460 square foot lot. 617 W 54Th St was first listed on ArdentRealEstateGroup.com on January 17, 2023. The homeowner sold the property for $1,250,000. 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 9.24% higher than the current median priced home. Local homes that are currently for sale include 4473 Mettler St, 1557 W 52nd St and 202-204 E 68th St. While the average home in Los Angeles, CA is selling in 94 days, 617 W 54Th St has a days on market of 9 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 617 W 54Th St Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 617 W 54Th St

Public county record property details
Beds
2
Baths
1
Year built
1914
Sq. Ft.
888
Lot Size
5,459
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5001-025-019

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 617 W 54Th St

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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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