1428 W 54th Street, Los Angeles, California 90062, Los Angeles, 90062 - 2 bed, 1 bath
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Los Angeles, California 90062
This property presents a High-Potential Investment Opportunity with a List Price of $599,900—positioned well above the $530,637 Fair Market Value by 13%. While the price reflects a premium, the R2-1-CPIO Zoning and a permitted 360 SF detached garage provide a clear path for ADU conversion. With a Fair Condition Rating (1924 build), the property requires significant renovation. Located in a South LA Transit Priority Area, this asset is ideal for Buy-and-Hold Investors or Contractors seeking to leverage development potential near USC and Downtown LA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1428 W 54th Street Subject | $599,900* List Price | 2 | 1 | 792 | $670 | - |
A 1497 W 47th Street Sold | $530,000 | 2 | 1 | 816 | $650 | 0.6 mi |
B 1445 W 55th St Sold | $607,000 | 3 | 2 | 1,087 | $558 | 0.0 mi |
C 1564 W 46th Active | $609,900 List Price | 2 | 1 | 1,053 | $579 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Property is a 100-year-old bungalow (built 1924) marketed as an 'Investor / Value-Add' opportunity. While the primary image is a modern rendering, the actual aerial photo and description indicate the home is in original or dated condition requiring significant rehabilitation of the kitchen, bath, and systems to meet modern standards.
The property features an R2-zoned lot and a permitted 360 SF detached garage with a Certificate of Occupancy, offering a streamlined path for a garage-to-ADU conversion or additional unit development.
The home will be delivered vacant at closing per an executed surrender agreement, providing an immediate opportunity for renovation or occupancy without the complications of tenant relocation.
Located in a South LA Transit Priority Area just minutes from USC and Downtown LA, the property is ideally positioned for high rental demand and long-term appreciation.
At only 792 square feet for a two-bedroom configuration, the interior living space is quite limited, which may necessitate a creative layout or an extension to appeal to modern buyers.
As a 1924 California Bungalow marketed as a value-add opportunity, the property likely requires significant investment in updating aged systems and structural elements to meet current building codes.
INVESTOR / VALUE-ADD OPPORTUNITY DELIVERED VACANT. 1924 California Bungalow on R2-1-CPIO lot (Legacy Single-Family subarea) in South LA Transit Priority Area. 5,248 SF lot. SFR, 2 bed / 1 bath. Detached rear structure: PERMITTED 360 SF accessory garage with 1967 Certificate of Occupancy pre-positioned for ministerial garage-to-ADU conversion. Tenants vacating per executed surrender agreement; delivered vacant at close. Great starter home or investment option. Just minutes away from freeways, USC, and downtown LA.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 792 | 1,443 | 7% |
| Lot Size | 5,250 | 5,444 | 36% |
| Price | $599.9K | $750.0K | 20% |
| Price per sq ft | $757 | $549 | 95% |
| Built year | 1924 | 1913 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 150 | 2% |
May 15, 2026
$599,900
Initial Listing