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

$850,000
  • 9 Beds
  • 2.5 Baths
  • 2,589 Sq.Ft.
For Sale
$850,000 Get Pre-Qualified
Map preview of 626 E 54Th St, Los Angeles, CA 90011

Property Overview: 626 E 54Th St Los Angeles, CA has 9 bedrooms, 2.5 bathrooms, 2,589 living square feet and 4,772 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: EXECUTIVE SUMMARY This Apartment an 2-unit apartment building. Built in 1924 and nestled in the Los Angeles, , this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage, This apartment, each generously proportioned to function as complete Four-bedroom ½ bath units and Five bedroom one and ½ bath.

Listed by Mooney Lee | BRE #01731619 | Action Realty Task Holdings
Last checked: 12 minutes ago | Last updated: April 20th, 2024 | Source CRMLS | DOM: 40
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Home details

Lot Sq. Ft
4,772
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
PW24052353
City
Los Angeles
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $6,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $78,000
  • Net Operating Income: $45,692
  • Gross Operating Income: $77,000
  • Vacancy Allowance: $1,000
  • Other Income Description: 28000
Annual Expense Breakdown
  • Total Operating Expense: $25,450
  • Electric: $10,800
  • Gas/Fuel: $0
  • Trash: $3,600
  • Insurance: $3,000
  • Water/Sewer: $3,600

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Property Details for 626 E 54Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5103009011
  • Year Built Source: Seller
  • Entry Level: 2
  • 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: South of 10 Freeway , North of 105 and East of 710
Neighborhood Information
  • Community Features: Park
View more facts & features

Local Los Angeles Agent

Sale History for 626 E 54Th St

Last sold for $455,000 on October 12th, 2016

  • March, 2024

  • Mar 16, 2024

    Date

    Active

    CRMLS: PW24052353

    $900,000

    Price

  • April, 2023

  • Apr 17, 2023

    Date

    Price Change

    CRMLS: DW16134359

    $485,000

    Price

  • Oct 13, 2016

    Date

    Sold

    CRMLS: DW16134359

    $455,000

    Price

  • Listing provided courtesy of CRMLS

    Charming VICTORIAN STYLE duplex in the heart of Los Angeles. MUST SEE!! Built in 1924, this 2,589 square foot multi-family home sits on a 4,770 square foot lot and features 4 bedrooms and 2 bathrooms upstairs & 3 bedrooms and 1 bathrooms downstairs. Nearby schools include Los Angeles Academy Middle School, Johnson Community Day School and Estrella Elementary School. Enjoy a peaceful walk across the street at Los Angeles Wetlands Park, visit nearby shopping centers, grocery stores and quick access to major freeways. Schedule a viewing today! Please note tax records show 5 bed 2 bath, buyer to verify with city.

  • November, 2019

  • Nov 28, 2019

    Date

    Expired

    CRMLS: 19424162

    $690,000

    Price

  • Jun 20, 2019

    Date

    Withdrawn

    CRMLS: 19424162

    $690,000

    Price

  • Apr 19, 2019

    Date

    Price Change

    CRMLS: 19424162

    $690,000

    Price

  • Jan 15, 2019

    Date

    Active

    CRMLS: 19424162

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    ACCESS TO PROPERTY IS LIMITED AND INFORMATION ASK LISTING AGENT. RENTS NEED TO BE VERIFIED. DO NOT DISTURB OCCUPANTS. OFFER SUBJECT TO INTERIOR AND EXTERIOR INSPECTION.

  • October, 2016

  • Oct 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $455,000

    Price

  • August, 2013

  • Aug 7, 2013

    Date

    Sold (Public Records)

    Public Records

    $330,000

    Price

  • February, 2007

  • Feb 10, 2007

    Date

    Expired

    CRMLS: 12077381

    $565,000

    Price

  • Aug 9, 2006

    Date

    Active

    CRMLS: 12077381

    $565,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex, 3bed+1 and 4bed+2. Section 8 is O.K. Rent is $1535.00 and $1335.00. All offers are welcome. Drive by only. Subject to inspection with an accepted offer.

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Tax History for 626 E 54Th St

Assessed Value (2020): $482,848
Year Land Value Improved Value Assessed Value
2020 $249,383 $233,465 $482,848

Home Value Compared to the Market

This property vs the competition

626 E 54Th St is listed 31.95% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $328.31 per/sqft which puts the price per square foot 57.47% lower than the median price per square foot for the city of Los Angeles.

About 626 E 54Th St

Detailed summary of property

626 E 54Th St is a single family home located in Los Angeles, CA 90011 and is currently for sale. This house offers 9 bedrooms, 2.5 bathrooms, roughly 2,589 living square feet, and sits on an approximately 4,772 square foot lot. 626 E 54Th St was first listed on ArdentRealEstateGroup.com on March 17, 2024. The homeowner is currently asking $850,000 and was originally asking $900,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.95% lower than the median priced home. Local competing homes currently for sale include 1625 E 49th St, 239 W 41st St and 1598 E 46th St. While the average home in Los Angeles, CA is selling in 97 days, 626 E 54Th St has a days on market of 40 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 626 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 626 E 54Th St

Public county record property details
Beds
5
Baths
2
Year built
1924
Sq. Ft.
2,589
Lot Size
4,770
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
5103-009-011

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
$620,000
Median List Price/Sq.Ft.
$470
Median Sold Price
$543,077
Median Sold Price/Sq.Ft.
$393
Total Inventory
41
Median Sale to List Price %
94.45%
Avg Days on Market
18
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (40%), 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.

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