731 W 54th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$649,000
731 W 54th, Los Angeles, California 90037
0Bed
0Bath
1,156Sqft
2,065Lot
Year Built
1915
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$561
HOA
-
Days on market
-
Sold On
-
MLS number
DW25248407
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $649.0K(13th), sqft - 1156(4th), beds - undefined(50th), baths - undefined(50th).
Investment Opportunity – Duplex with Development Potential Near Downtown Los Angeles Great opportunity to own a duplex with expansive land in a high-demand area just south of Downtown Los Angeles, conveniently located near the 110 Freeway and Slauson Avenue. Each unit currently features 1 bedroom and 1 bathroom (both utilized by tenants as 2-bedroom, 1-bath units). One unit can be delivered vacant—ideal for an owner-occupant or investor seeking flexibility. The generous lot provides excellent potential for future development, additional units, or expansion (buyer to verify zoning and building possibilities). Perfect for investors, developers, or buyers with a home-based business looking to establish themselves in a prime central Los Angeles location with strong rental demand and easy freeway access.
Nearby schools
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.2mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.9mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
3/10
Trinity Street Elementary School
Public,•K-5•1.6mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.7mi
/10
Maple Primary Center
Public,•K-1•1.8mi
3/10
Angeles Mesa Elementary School
Public,•K-5•2.0mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.2mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•3.1mi
2/10
John Muir Middle School
Public,•6-8•0.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.5mi
5/10
Santee Education Complex
Public,•9-12•2.8mi
Price History
Date
Event
Price
10/28/25
Listing
$649,000
12/15/09
Sold
$129,000
07/02/07
Sold
$455,000
10/12/04
Sold
$338,000
05/11/04
Sold
$111,000
Condition Rating
Poor
Built in 1915, this property is over a century old. The exterior images reveal significant wear and tear, dated features like security bars, and a general lack of maintenance, indicating substantial deferred maintenance. The MLS description explicitly states the property's 'Advanced Age' and the likelihood of 'significant capital expenditure for updates, repairs, and modernization of systems.' While interior photos are not provided, the exterior condition and age strongly suggest that the kitchen, bathrooms, and other interior components are very outdated and require extensive renovation and system replacements to meet current standards. It is not a tear-down as it is currently occupied, but it requires substantial repairs and rehabilitation.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate rental income potential from two units, which is ideal for investors or owner-occupants seeking supplemental income.
Strategic Central Location: Situated in a high-demand area just south of Downtown Los Angeles, providing excellent connectivity via the 110 Freeway and Slauson Avenue, ensuring strong rental demand and accessibility.
Development Potential: The property is marketed with potential for future development, additional units, or expansion, appealing to investors and developers looking for value-add opportunities.
Owner-Occupant/Investor Flexibility: One unit can be delivered vacant, offering immediate flexibility for a new owner to move in or to select their own tenant at current market rates.
Strong Rental Market: Located in a prime central Los Angeles area known for robust rental demand, which supports consistent occupancy and potential for rent growth.
Cons
Advanced Age of Property: Built in 1915, the property is over a century old, likely requiring significant capital expenditure for updates, repairs, and modernization of systems to meet current standards and tenant expectations.
Limited Lot Size for Development: Despite being described as 'generous,' the 2,065 sqft lot is relatively small for significant 'future development, additional units, or expansion' in a dense urban environment like Los Angeles, potentially limiting project scope.
Small Unit Footprint & Layout Discrepancy: With a total of 1156 sqft for two units, each unit is quite small (approx. 578 sqft). The description also notes units are 1 bed/1 bath but 'utilized by tenants as 2-bedroom, 1-bath,' which could indicate non-conforming bedrooms or a less-than-ideal layout, potentially impacting tenant appeal or appraisal.