860 W 54th, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$649,500
860 W 54th, Los Angeles, California 90037
0Bed
0Bath
1,875Sqft
5,397Lot
Year Built
1907
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
WS25250994
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,5 Pros. Rank: price - $649.5K(32th), sqft - 1875(76th), beds - undefined(3th), baths - undefined(3th).
3 unit property located in the city of Los Angeles. Great Investment opportunity to live in one and rent out the others. Front unit currently vacant and in need of some TLC. Property sold "AS IS". Back 2 units are rent control with long term tenants. Centrally located, close to everything you need
Price History
Date
Event
Price
11/01/25
Listing
$649,500
Condition Rating
Poor
Built in 1907, this property is explicitly described as 'sold AS IS' and the front unit 'in need of some TLC,' which is a significant understatement. Images reveal extensive disrepair, including bare light bulbs with exposed wiring, severely worn and dirty flooring (old vinyl/linoleum), peeling paint, and extremely outdated, unkempt kitchens with old appliances and basic finishes. The overall condition indicates substantial repairs and rehabilitation are required to meet modern safety and habitability standards, aligning with the 'poor' classification.
Pros & Cons
Pros
Multi-Unit Income Property: The property is configured as a 3-unit residence, offering significant potential for rental income and a strong investment opportunity.
Investment Potential: Explicitly marketed as an investment, allowing for owner-occupancy in one unit while generating income from the other two.
Central Location: Centrally located in Los Angeles, providing convenient access to amenities and services, enhancing its desirability.
Vacant Unit for Flexibility: The front unit is currently vacant, offering immediate flexibility for owner-occupancy, renovation, or leasing at market rates without tenant displacement.
Generous Lot Size: A 5397 sqft lot provides ample outdoor space and potential for future expansion or landscaping improvements, a valuable asset in urban Los Angeles.
Cons
Extensive Renovation Required: The property is sold 'AS IS' and the front unit 'in need of some TLC,' indicating substantial immediate renovation costs and effort for modernization and habitability.
Rent Control & Long-Term Tenants: The two occupied units are subject to rent control with long-term tenants, severely limiting potential for immediate rent increases and tenant flexibility.
Significant Overpricing: The current listing price of $649,500 is 34% higher than the estimated property value of $425,109.01, suggesting a considerable premium or overvaluation.