133 E 54th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$750,000$2,216/sqft
133 E 54th Street, Los Angeles, California 90011
0Bed
0Bath
2,216Sqft
4,960Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Approved ADU Plans: Significant value-add with approved plans for an Accessory Dwelling Unit, offering immediate expansion of rental income and property value.
Top Cons:
Historic Property Age: Built in 1907, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Compared to the nearby listings
Price:$750.0K vs avg $699.0K (+$51,000)59%
Size:2,216 sqft vs avg 2,076 sqft62%
Price/sqft:$338 vs avg $33850%
More Insights
Built in 1907 (119 years old).
Condition: Built in 1907, this property is over a century old. The listing explicitly highlights its 'Historic Property Age' and the 'potential for significant deferred maintenance, outdated systems, and higher renovation costs.' While it's an income-generating duplex, it requires 'substantial capital expenditure' for 'general upgrades, modernization, and bringing the existing units to optimal rental standards.' Without interior photos, it's impossible to assess the kitchen and bathrooms directly, but given the age and the need for extensive modernization, they are almost certainly in a very outdated condition requiring full renovation. The property needs substantial repairs and rehabilitation to meet current living standards.
Year Built
1907
Close
-
List price
$750K
Original List price
$800K
Price/Sqft
$338
HOA
-
Days on market
-
Sold On
-
MLS number
SR25115838
Home ConditionPoor
Features
View-
About this home
GREAT LOCATION FOR THE SAVVY INVESTOR, THESE UNITS HAVE APPROVED PLANS TO BUILD AN ADU. Each unit has 2 bedrooms and 1 bath, with a lot of parking space in the back through the alley. Has separate meters for electrical and gas only.
F
Federico Triebel
Listing Agent
Condition Rating
Poor
Built in 1907, this property is over a century old. The listing explicitly highlights its 'Historic Property Age' and the 'potential for significant deferred maintenance, outdated systems, and higher renovation costs.' While it's an income-generating duplex, it requires 'substantial capital expenditure' for 'general upgrades, modernization, and bringing the existing units to optimal rental standards.' Without interior photos, it's impossible to assess the kitchen and bathrooms directly, but given the age and the need for extensive modernization, they are almost certainly in a very outdated condition requiring full renovation. The property needs substantial repairs and rehabilitation to meet current living standards.
Pros & Cons
Pros
Approved ADU Plans: Significant value-add with approved plans for an Accessory Dwelling Unit, offering immediate expansion of rental income and property value.
Income-Generating Duplex: Established residential income property with two units, providing immediate cash flow for investors.
Separate Utility Meters: Each unit features independent electrical and gas meters, simplifying tenant billing and management for the owner.
Ample Off-Street Parking: Generous parking space accessible via an alley, a highly desirable and valuable amenity in a dense urban area like Los Angeles.
Recent Price Reduction: The list price has been reduced from $800,000 to $750,000, potentially indicating a motivated seller and a more attractive entry point for buyers.
Cons
Historic Property Age: Built in 1907, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Lack of Desirable Views: The property offers no specific views, which could limit its appeal compared to properties with scenic outlooks.
Required Capital Investment: While offering ADU potential, the age and investor-focused description imply substantial capital expenditure may be needed for general upgrades, modernization, and bringing the existing units to optimal rental standards.