216 E 54 Th, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,049,000
216 E 54 Th, Los Angeles, California 90011
0Bed
0Bath
2,680Sqft
5,332Lot
Year Built
1914
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25122245
Home ConditionFair
Features
ViewNeighborhood
About this home
PRICE REDUCTION!! Triplex is located in a census tract that qualifies for a $20,000 grant and special financing through City National Bank. Great opportunity to own a multifamily property!! "Live in one, rent the rest! This triplex is a perfect opportunity for investors or owner-occupiers seeking additional income." Conveniently located near freeway 110. Minutes to downtown Los Angeles and fine dining, the Soccer Stadium, and USC. Separate gas and electricity meters for each unit. The larger unit is a 4-bedroom with 2 bathrooms and an extra bonus room that can be used as a 5th bedroom. The other 2 units are 2 bedrooms and 1 bathroom each. Don’t let this opportunity go by; become the new owner today!
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.2mi
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•0.8mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.2mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.2mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
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•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.8mi
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•1.6mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.6mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Price History
Date
Event
Price
09/11/25
Price Change
$1,049,000-4.6%
06/03/25
$1,100,000
11/30/23
Sold
$870,000
12/11/18
Sold
$615,000
03/15/16
Sold
$475,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,680 | 2,022 | 92% |
| Lot Size | 5,332 | 5,364 | 42% |
| Price | $1.05M | $710K | 88% |
| Price per square foot | $391 | $348.5 | 58% |
| Built year | 1914 | 9610962 | 42% |
| HOA | |||
| Days on market | 154 | 166 | 38% |
Condition Rating
Fair
Built in 1914, this triplex shows its age with varying levels of updates across its units. While one kitchen features more modern dark cabinets, granite-like counters, and recessed lighting (likely updated 10-15 years ago), another unit's kitchen is significantly dated with older white appliances and tile countertops. Bathrooms are functional but basic, with white tile and standard vanities, suggesting updates that are not recent. The presence of window AC units indicates a lack of central cooling. The property is livable and appears maintained, but requires minor to moderate updates to bring all units to a consistent and modern standard, aligning with the 'Fair' condition.
Pros & Cons
Pros
Financial Incentives & Grants: The property is located in a census tract that qualifies for a $20,000 grant and special financing through City National Bank, offering significant financial advantages to a buyer.
Income-Generating Triplex: As a triplex, it presents an excellent opportunity for investors or owner-occupiers to generate substantial rental income, with the flexibility to 'live in one, rent the rest'.
Prime Urban Location: Conveniently located near Freeway 110, downtown Los Angeles, fine dining, the Soccer Stadium, and USC, ensuring high tenant demand and potential for appreciation.
Separate Utility Meters: Each unit has separate gas and electricity meters, simplifying property management and shifting utility costs directly to tenants, which enhances net operating income.
Diverse Unit Mix & Price Reduction: The property offers a desirable unit mix (4-bed/2-bath, 2x 2-bed/1-bath) and has recently undergone a price reduction from $1.1M to $1.049M, indicating potential value.
Cons
Age of Property: Built in 1914, the property is over a century old, which may imply the need for significant updates to plumbing, electrical, and other systems, as well as potential deferred maintenance.
Unspecified Current Condition: The description lacks details on the current condition or recent renovations of the units, which for a property of this age, suggests potential for substantial renovation costs to meet modern standards.
Standard Neighborhood View: While having a view, it is specified as 'Neighborhood' view, indicating the absence of premium views (e.g., city skyline, ocean) that could command higher rental rates or sale prices.