RealKey
‪(213) 433-7766‬

1506 W 54th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath

1506 W 54th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$999,000
1506 W 54th Street, Los Angeles, California 90062
3Beds
2Baths
1,682Sqft
5,248Lot
Year Built
1914
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
25602701
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $999.0K(73th), sqft - 1682(68th), beds - 3(50th), baths - 2(50th).

3 Bedroom Home + 2-Bedroom ADU. Welcome to 1506 & 1506 1/2 W 54th Street, A remodeled vacant Multi-Unit Opportunity! A beautifully updated single-family residence offers 3 bedrooms and 2 bathrooms at 1,682 sqft, showcasing modern finishes and thoughtful upgrades throughout. Step inside to an inviting, open-concept layout with fresh flooring, updated kitchen and bathrooms, and ample natural light perfect for comfortable living or entertaining. In the rear of the property, a detached 2nd story, 2- bedroom, 1-bath ADU at 594 sqft provides excellent income potential, ideal for rental, extended family or guests. A two car garage offers the possibility of being converted into an additional ADU. Situated on a sizable lot with ample parking, this property presents a rare opportunity for both owner-users and investors alike. Whether you're looking to live in one unit and rent the other, or add a strong performer to your portfolio, 1506 W 54th St offers function and style in a central location. Don't miss this move-in ready, multi-unit gem.

Price History

Date
Event
Price
10/27/25
Listing
$999,000
Condition Rating
Excellent
Despite being built in 1914, this property has undergone an extensive and recent renovation, as evidenced by the 'remodeled' and 'updated' description and the high-quality images. The kitchens feature modern flat-panel white cabinetry, white solid-surface countertops, new stainless steel appliances (including a professional-style range and hood), and undermount sinks. The bathrooms are equally impressive with contemporary tiling (subway and wood-look), modern vanities, new fixtures, glass-enclosed walk-in showers, and a new bathtub. Throughout the main house and ADU, there is fresh, light-colored hardwood/laminate flooring, new paint, and updated lighting fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features a 3-bedroom main house and a detached 2-bedroom ADU, offering excellent income potential for rental, extended family, or guests.
Remodeled & Move-in Ready: Both units have been beautifully updated with modern finishes, fresh flooring, and updated kitchens and bathrooms, making them move-in ready.
Additional ADU Conversion Potential: The existing two-car garage presents a clear opportunity for conversion into an additional ADU, further enhancing income potential or living space.
Versatile Investment Opportunity: This property is ideal for both owner-users looking to live in one unit and rent the other, and investors seeking a strong performer for their portfolio.
Central Los Angeles Location: Situated in a central Los Angeles location, the property benefits from desirable accessibility and potential for appreciation.

Cons

Age of Original Structure: Built in 1914, the property's age, despite renovations, may lead to concerns about underlying infrastructure or potential for unforeseen maintenance issues.
Listing Price Discrepancy: The current list price is 5% above the estimated property value, which could indicate it is slightly overpriced and may require price adjustments or strong justification to potential buyers.
Lack of Detailed System Updates: While cosmetically updated, the description doesn't specify if major systems (e.g., plumbing, electrical, HVAC) in the 1914 structure have been fully upgraded, which could be a concern for long-term maintenance.

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