151 E 54th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$669,000
151 E 54th Street, Los Angeles, California 90011
0Bed
0Bath
3Sqft
4,962Lot
Year Built
1912
Close
-
List price
$669K
Original List price
$700K
Price/Sqft
$223,000
HOA
-
Days on market
-
Sold On
-
MLS number
MB25131375
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $669.0K(50th), sqft - 3(8th), beds - undefined(50th), baths - undefined(50th).
3 UNITS, GREAT FOR FAMILY THAT WANTS TO LIVE IN ONE AND RENT OTHERS! Near 10 fwy and 110 Fwy! BMO Stadium 9 min away and USC is 12 min away! So far 2 units will be delivered vacant, working on the 3rd unit!!!!
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.1mi
5/10
Estrella Elementary School
Public,•K-5•0.2mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.2mi
2/10
Harmony Elementary School
Public,•K-5•1.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.9mi
2/10
John Muir Middle School
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.6mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Price History
Date
Event
Price
06/21/10
Sold
$154,000
06/22/05
Sold
$460,000
05/28/04
Sold
$315,000
08/18/03
Sold
$205,000
04/05/02
Sold
$122,000
Condition Rating
Poor
Built in 1912, this property is over a century old. The exterior images show significant age, wear, and a lack of modern updates, with security bars on windows. There are no interior images, but given the property's age and the absence of any mentioned renovations, it is highly probable that the kitchen, bathrooms, and all major systems (electrical, plumbing, HVAC) are severely outdated and require substantial repairs, rehabilitation, or complete replacement. The MLS analysis also notes 'significant deferred maintenance, outdated systems, and potential for costly repairs or upgrades,' which aligns with the 'poor' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering significant potential for rental income or multi-generational living, with the flexibility to live in one unit and rent out the others.
Vacant Units: Two of the three units are confirmed to be delivered vacant, providing immediate opportunity for an owner-occupant or for new tenants at market rates.
Strategic Location: Excellent accessibility due to proximity to the 10 and 110 Freeways, and a short drive to BMO Stadium (9 min) and USC (12 min), enhancing rental demand.
Price Adjustment: The property has seen a price reduction from $700,000 to $669,000, indicating a motivated seller and potential for a more favorable acquisition price.
Proximity to Schools: Located very close to several schools, including Estrella Elementary (rated 5) and Main Street Elementary (0.08 miles away), which can be attractive to families.
Cons
Age of Property: Built in 1912, the property is over a century old, which may imply significant deferred maintenance, outdated systems, and potential for costly repairs or upgrades.
Ambiguous Square Footage: The listed square footage of '3 sqft' is clearly incorrect and misleading, making it impossible to accurately assess the property's size and value without further clarification.
Uncertainty of Third Vacant Unit: While two units are vacant, the description states 'working on the 3rd unit!!!!', creating uncertainty regarding the timeline and guarantee of the third unit being delivered vacant.