151 E 54th Street, Los Angeles, California 90011, Los Angeles, - 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
-
HOA
-
Days on market
-
Sold On
-
MLS number
MB25131375
Home ConditionPoor
Features
View-
About this home
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!!!!
Price History
Date
Event
Price
09/25/25
Price Change
$649,000-2.4%
09/02/25
Listing
$665,000
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
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3 | 1,988 | 8% |
| Lot Size | 4,962 | 5,364 | 21% |
| Price | $669K | $705K | 42% |
| Price per square foot | $223K | $348.5 | 92% |
| Built year | 1912 | 9610962 | 38% |
| HOA | |||
| Days on market | 146 | 166 | 33% |
Condition Rating
Poor
Built in 1912, this triplex features significantly outdated kitchens with old cabinets, basic countertops, and no modern appliances. Bathrooms also show dated tile and fixtures, requiring full renovation. The property lacks central HVAC, relying on wall-mounted gas heaters, which is a major comfort and efficiency drawback. While some units retain original character like hardwood floors and wainscoting, the functional areas and major systems require substantial rehabilitation to meet contemporary living standards.
Pros & Cons
Pros
Income-Generating Triplex: This 3-unit property offers significant investment potential, allowing for owner-occupancy with rental income from the other units or full rental investment, providing a strong financial advantage.
Strategic Location: Positioned minutes from USC, Downtown LA, and major freeways, the property boasts a highly desirable location appealing to a broad tenant base and offering convenient access to employment, education, and amenities.
Flexible Living Arrangements: The triplex configuration is ideal for multi-generational living or for an owner-occupant looking to offset mortgage costs by renting out the two additional units.
Private Outdoor Spaces: The two bungalow-style homes in front each feature their own yard space, enhancing tenant appeal by providing comfort and privacy, a valuable amenity in urban settings.
Historical Charm: Described as a 'Charming Triplex' and built in 1912, the property likely possesses unique architectural character and appeal that can attract discerning tenants or buyers.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1525, other record living area = 1476.
Age of Property & Potential for Deferred Maintenance: Built in 1912, the property is over a century old, which often implies a higher likelihood of needing significant updates to plumbing, electrical, roofing, and other major systems, potentially leading to substantial capital expenditures.
Lack of Detailed Condition/Renovation Information: The description highlights charm but lacks specifics on recent renovations or the current condition of major systems, suggesting potential for unforeseen repair costs or necessary upgrades to meet modern standards and tenant expectations.
Limited Parking Information: For a triplex in a dense urban area near USC and Downtown LA, the absence of any mention of dedicated parking could be a significant drawback for tenants and owner-occupants, potentially impacting rental demand and property value.