133 E 54th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$750,000
133 E 54th Street, Los Angeles, California 90011
0Bed
0Bath
2,216Sqft
4,960Lot
Year Built
1907
Close
-
List price
$750K
Original List price
$800K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25115838
Home ConditionPoor
Features
View-
About this home
GREAT LOCATION FOR THE SAVVY INVESTOR, THESE UNITS HAVE APPROVED PLANS TO BUILD AN ADU. Each unit has 2 bedrooms and 1 bath, with a lot of parking space in the back through the alley. Has separate meters for electrical and gas only.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,216 | 1,988 | 68% |
| Lot Size | 4,960 | 5,363 | 24% |
| Price | $750K | $710K | 56% |
| Price per square foot | $338 | $348 | 40% |
| Built year | 1907 | 1922 | 28% |
| HOA | |||
| Days on market | 167 | 168 | 48% |
Condition Rating
Poor
The property was built in 1907. The listing mentions approved plans to build an ADU, suggesting the existing structure needs significant work. The exterior image shows a building that appears aged and potentially in need of repair. Given the age and lack of visible updates, it likely requires substantial repairs and rehabilitation.
Pros & Cons
Pros
ADU Potential: Approved plans to build an ADU (Accessory Dwelling Unit) significantly increases the property's value and rental income potential.
Income Property: As a duplex, the property provides immediate rental income from two units, offering a steady cash flow for investors.
Large Lot with Parking: The 4960 sqft lot provides ample parking space in the back through the alley, a valuable asset in a dense urban area like Los Angeles.
Separate Meters: Separate electrical and gas meters for each unit simplify utility management and billing for tenants and landlords.
Prime Location: Located in Los Angeles, the property benefits from high demand for rental housing and potential for appreciation.
Cons
Age of Property: Built in 1907, the property may require ongoing maintenance and potential upgrades to meet modern standards and tenant expectations.
Potential Renovation Costs: While the property offers income potential, the age and condition may necessitate renovations or upgrades to maximize rental rates and attract quality tenants.
Price Reduction: The property has experienced a price reduction from the original list price, which may indicate underlying issues or market resistance.