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1159 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

1159 W 54th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$760,000
1159 W 54th Street, Los Angeles, California 90037
0Bed
0Bath
2,144Sqft
5,173Lot
Year Built
1926
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
PW25204733
Home ConditionPoor
Features
Spa
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $760.0K(30th), sqft - 2144(43th), beds - undefined(50th), baths - undefined(50th).

Priced under value with strong cash flow potential, this charming corner-lot triplex offers an excellent opportunity for investors or owner-occupants. The property features a front duplex with two 1 bedroom, 1 bath units of approximately 700 square feet each, along with a separate rear 2 bedroom, 2 bath home of approximately 700 square feet. Situated on an approximately 5,200 square foot lot, the property also includes a 2 car garage. One unit is currently vacant and has been recently updated with new paint, flooring, and a remodeled bathroom, offering immediate move-in readiness and strong upside. The garage presents additional potential for rental income, further enhancing returns in a high-demand rental area. A broker price opinion completed in May 2025 valued the property at $810,000 as-is, and the property is strategically priced at $760,000 for a quick sale. The property is located approximately 5 miles from the University of Southern California and about 8 to 9 miles from Downtown Los Angeles. New photos will be uploaded this weekend. Whether you are expanding your investment portfolio or planning to live in one unit while collecting rent from the others, this property presents a smart opportunity with solid income and long-term growth potential.

Nearby schools

3/10
Fifty-Second Street Elementary School
Public,•K-5•0.5mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.5mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.6mi
2/10
Western Avenue Elementary School
Public,•K-5•0.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.2mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.5mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
3/10
Trinity Street Elementary School
Public,•K-5•2.0mi
/10
Maple Primary Center
Public,•K-1•2.1mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.1mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.8mi
2/10
John Muir Middle School
Public,•6-8•0.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.7mi
3/10
Manual Arts Senior High School
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.8mi
5/10
Santee Education Complex
Public,•9-12•3.1mi

Price History

Date
Event
Price
12/16/25
Price Change
$760,000+4.3%
10/24/25
Price Change
$729,000-4.1%
09/15/25
Listing
$760,000
04/01/05
Sold
$425,000
Condition Rating
Poor
Built in 1926, this triplex shows significant signs of age and deferred maintenance across most of its units. While one unit has been recently updated with modern flooring, a remodeled bathroom, and a clean kitchen (though lacking visible appliances), the other units are in very poor condition. Images reveal heavily worn and stained hardwood floors, peeling paint, outdated light fixtures, and a kitchen with exposed plumbing, damaged flooring, and no visible appliances, indicating a need for substantial repairs and rehabilitation. The exterior and roof also show wear. The property's age suggests major systems (electrical, plumbing) are likely outdated and may require extensive replacement, aligning with the 'poor' condition criteria for the overall property.
Pros & Cons

Pros

Strong Investment Potential: The property is strategically priced at $760,000, significantly below a recent broker price opinion of $810,000, offering immediate equity and strong cash flow potential for investors.
Versatile Income Property: As a triplex with a mix of two 1-bed/1-bath units and a separate 2-bed/2-bath home, it caters to both investors seeking rental income and owner-occupants looking to offset mortgage costs.
Immediate Upside & Vacancy: One unit is vacant and recently updated with new paint, flooring, and a remodeled bathroom, allowing for immediate tenant placement and strong rental upside.
Additional Income Streams: The property includes a 2-car garage which offers additional potential for rental income, further enhancing overall returns in a high-demand rental area.
Desirable Location Proximity: Situated approximately 5 miles from USC and 8-9 miles from Downtown Los Angeles, the property benefits from its proximity to major employment centers and educational institutions, ensuring consistent rental demand.

Cons

Age of Property: Built in 1926, the property is nearly a century old, which may imply potential for outdated systems (plumbing, electrical) and higher maintenance costs compared to newer constructions.
Compact Unit Sizes: All units are approximately 700 square feet, which may be considered compact, particularly for the 2-bedroom, 2-bathroom unit, potentially limiting tenant pool or rental rate upside.
Unspecified Condition of Other Units: While one unit is updated, the condition of the other two occupied units is not detailed, and the 'as-is' BPO suggests potential for deferred maintenance or necessary upgrades in those units.

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