1159 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Value-Add Triplex presents a High-Potential Investment Opportunity with a List Price of $695,000—positioned well below the $824,345 Fair Market Value by 15%. This valuation gap offers $129,345 in Instant Equity for strategic buyers. The property features a remodeled rear home, a vacant updated unit, and a 2-car garage on a 5,200 sq ft corner lot. While maintaining a Fair Condition Rating, the immediate rental upside and proximity to transit ensure strong demand. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1159 W 54th Street Subject | $695,000* List Price | 0 | 0 | 2,144 | $384 | - |
A 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.6 mi |
B 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.3 mi |
C 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.6 mi |
D 1021 W 48th Pending | $699,000 List Price | 5 | 4 | 2,096 | $333 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1926 triplex is a classic 'value-add' property that sits between 'good' and 'fair' due to its age and inconsistent updates. While the listing highlights a remodeled rear home and one vacant unit with new flooring and paint, the overall property shows significant signs of its nearly 100-year age. The exterior exhibits deferred maintenance, including peeling paint at the base and weathered facades. Interior photos of the remodeled unit show modern laminate flooring and fresh paint, but the kitchen features mid-range cabinetry and older tile work, and the utility/laundry areas remain very basic with dated fixtures. The presence of older wall heaters and the general condition of the exterior grounds align with the 'fair' classification, requiring minor updates and repairs to meet modern move-in standards across all units.
Priced at $695,000, the property sits well below a recent $810,000 broker price opinion, offering immediate equity and a compelling value-add opportunity for investors.
The property features a remodeled rear home and a vacant, freshly updated unit with new flooring and paint, allowing for immediate market-rate leasing or owner-occupancy without initial renovation costs.
Situated on a 5,200 sq ft corner lot, the property includes a 2-car garage that provides additional rental income potential or flexibility for future repositioning in a high-demand rental market.
Purchasing with existing tenants in place may limit immediate rent increases and requires navigating Los Angeles rent stabilization ordinances for full portfolio optimization.
The majority of assigned public schools in the immediate area have low performance ratings, which may impact long-term appreciation and appeal to family-oriented owner-occupants.
Priced under value with strong cash-flow potential, this corner-lot triplex is a compelling opportunity for investors or owner-occupants seeking a value-add property. The front structure is a duplex with two 1 bed / 1 bath units (approximately 700 sq ft each), along with a separate rear remodeled 2 bed / 2 bath home of approximately 700 sq ft. The property sits on an approximately 5,200 sq ft lot and includes a 2-car garage. The property is to be purchased with tenants in place, with only one unit vacant at close of escrow, providing immediate income while allowing flexibility for an owner-occupant or rental repositioning. The vacant unit has been remodeled with new paint, new flooring, and an updated bathroom, making it move-in ready and positioned for strong market rent. The garage offers additional rental or future income potential, further enhancing returns in a high-demand rental area. A broker price opinion completed in May 2025 valued the property at $810,000 (before remodel). Convenient access to major, freeways, transit, and local amenities support long-term demand. Whether expanding a portfolio or living in one unit while collecting rent from the others, this property offers solid income today with long-term upside. New photos will be uploaded soon.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-2 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,144 | 2,012 | 63% |
| Lot Size | 5,173 | 5,377 | 47% |
| Price | $695.0K | $855.0K | 16% |
| Price per sq ft | $324 | $387 | 26% |
| Built year | 1926 | 1923 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 242 | 5% |
Apr 1, 2026
$695,000
Initial Listing
Apr 1, 2005
$425,000
Public Record