RealKey
‪(213) 433-7766‬

1414 W 54th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 3 bath

1414 W 54th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$690,000
1414 W 54th Street, Los Angeles, California 90062
3Beds
3Baths
1,300Sqft
4,096Lot
Year Built
1941
Close
-
List price
$690K
Original List price
$690K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
24454687
Home ConditionGood
Features
Patio
ViewCourtyard

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $690.0K(38th), sqft - 1300(49th), beds - 3(50th), baths - 3(76th).

Perfect starter property with permitted ADU for great cash flow. 1414 W. 54th Street is an amazing investment opportunity just south of USC and DTLA, with easy access to the 110 freeway. The fully gated property is comprised of 2 buildings, the main house is a 2 Bed/2Bath (owner occupied) with beautiful wood floors, granite countertops and refreshed bathrooms. Detached is a permitted ADU studio (currently bringing in $3,000-$3,500 per month) featuring a beautiful subway tile kitchen with butcher block countertops, subway tile bathroom with a clawfoot tub & shower combo, and a front grass area ideal for lounging. There is also a detached garage (3rd structure) with laundry room that can be turned into a Jr. ADU, if new owner wishes to add to the property.

Price History

Date
Event
Price
04/22/21
Sold
$580,000
10/23/18
Sold
$440,000
Condition Rating
Good
Built in 1941, this property features significant recent renovations, particularly in the permitted ADU which boasts a modern kitchen with subway tile, butcher block countertops, a farmhouse sink, and a stainless steel refrigerator, along with a stylish bathroom. The main house also presents well with updated wood-look tile flooring, granite countertops, and refreshed bathrooms, making it move-in ready. While some appliances and light fixtures in the main house kitchen are functional but not the most modern, and the exterior landscaping could use attention, the overall condition is well-maintained with substantial updates, aligning with a 'Good' rating.
Pros & Cons

Pros

Strong Income Potential: The permitted ADU studio generates significant monthly cash flow ($3,000-$3,500), making it an attractive investment opportunity.
ADU Expansion Opportunity: A detached garage offers potential for conversion into a Jr. ADU, providing further income generation or flexible living space.
Strategic Location: The property's proximity to USC and DTLA, coupled with easy access to the 110 freeway, enhances its desirability and rental demand.
Updated Main Residence: The main house features appealing upgrades such as beautiful wood floors, granite countertops, and refreshed bathrooms.
Enhanced Security & Privacy: The property is fully gated, offering an added layer of security and privacy for its occupants.

Cons

Potential Overpricing: The listing price of $690,000 is substantially higher than the estimated property value of $492,033.98, which may require strong justification or negotiation.
Age of Property: Built in 1941, the property's age may imply potential for underlying maintenance issues or outdated systems not covered by the mentioned 'refreshed' areas.
Compact Living Space: The total square footage of 1300 sqft for a 3-bed/3-bath configuration (including the ADU) suggests relatively compact living areas, particularly for the main house.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state