124 E. 54th Street, Los Angeles, California 90011, Los Angeles, 90011 - 9 bed, 5 bath
ACTIVE$1,195,000
124 E. 54th Street, Los Angeles, California 90011
9Beds
5Baths
3,206Sqft
5,264Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern Construction: Built in 2010, this property offers newer infrastructure and potentially lower immediate maintenance costs compared to older Los Angeles properties.
Top Cons:
Limited Property Access: The 'Do not disturb occupants' directive restricts easy access for showings and thorough buyer inspections, potentially complicating due diligence.
Compared to the nearby listings
Price:$1.20M vs avg $672.0K (+$523,000)88%
Size:3,206 sqft vs avg 2,042 sqft92%
Price/sqft:$373 vs avg $34562%
More Insights
Built in 2010 (15 years old).
Condition: The property was built in 2010, placing it within the 'Good' category based on age (10-20 years old). While the visible interiors feature basic finishes, such as brown carpeting that appears to show some wear, and simple flush-mount light fixtures, the overall structure is relatively new. A significant limitation in assessment is the complete absence of images for the kitchen and bathrooms, which are critical areas for determining condition and style. Assuming these areas are consistent with the visible living spaces and given the property's age, it is likely move-in ready, but may benefit from cosmetic updates to flooring and fixtures to enhance its appeal and meet modern standards. The lack of detailed photos for key areas, especially in an occupied investment property, suggests a need for thorough due diligence.
Year Built
2010
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
JT25219158
Home ConditionGood
Features
ViewNeighborhood
About this home
Investor Duplex—2010 Build | 5bd/3ba + 4bd/2ba | ±3,206 SF Central L.A. location with quick 110 access; near DTLA, USC, and Exposition Park. OM available in supplements—seller requests buyers review prior to offers. Buyer to verify potential to add an ADU with the City. Do not disturb occupants. T-12 and rent roll available.
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.1mi
5/10
Estrella Elementary School
Public,•K-5•0.2mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.2mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.2mi
2/10
Harmony Elementary School
Public,•K-5•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•1.1mi
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•1.0mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.6mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.7mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.7mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Price History
Date
Event
Price
08/07/19
Sold
$778,000
07/27/06
Sold
$475,000
Condition Rating
Good
The property was built in 2010, placing it within the 'Good' category based on age (10-20 years old). While the visible interiors feature basic finishes, such as brown carpeting that appears to show some wear, and simple flush-mount light fixtures, the overall structure is relatively new. A significant limitation in assessment is the complete absence of images for the kitchen and bathrooms, which are critical areas for determining condition and style. Assuming these areas are consistent with the visible living spaces and given the property's age, it is likely move-in ready, but may benefit from cosmetic updates to flooring and fixtures to enhance its appeal and meet modern standards. The lack of detailed photos for key areas, especially in an occupied investment property, suggests a need for thorough due diligence.
Pros & Cons
Pros
Modern Construction: Built in 2010, this property offers newer infrastructure and potentially lower immediate maintenance costs compared to older Los Angeles properties.
Strong Income Potential: Configured as a duplex (5bd/3ba + 4bd/2ba) with existing tenants and available financials (T-12, rent roll), indicating immediate and robust rental income generation.
Strategic Central LA Location: Proximity to Downtown LA (DTLA), USC, Exposition Park, and quick 110 freeway access enhances tenant demand and long-term appreciation prospects.
Value-Add ADU Potential: Explicit mention of potential to add an Accessory Dwelling Unit (ADU) offers a clear path for future expansion and increased revenue.
High Rental Capacity: With a total of 9 bedrooms and 5 bathrooms across two units, the property can accommodate a significant number of tenants, maximizing rental yield.
Cons
Limited Property Access: The 'Do not disturb occupants' directive restricts easy access for showings and thorough buyer inspections, potentially complicating due diligence.
Buyer Due Diligence for ADU: The responsibility for verifying ADU potential falls entirely on the buyer, introducing an element of uncertainty and additional research.
Potential for Deferred Maintenance: As an occupied investment property with limited access, there's an inherent risk of undisclosed or deferred maintenance issues that a buyer would need to address post-purchase.