1506 W 54th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath
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Los Angeles, California 90062
This Turnkey Multi-Unit Residence is listed at $950,000, reflecting a strategic investment in a high-demand Los Angeles pocket despite a $888,412 Fair Market Value. Boasting an Excellent Condition Rating, the property features a high-end Chef's Kitchen with custom cabinetry and a private Enclosed Deck. The standout asset is the fully Independent ADU, providing immediate rental income potential or multi-generational utility. Located within the Los Angeles Unified district, this property balances luxury finishes with significant financial versatility. It is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a premium, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1506 W 54th Street Subject | $950,000* List Price | 3 | 2 | 1,682 | $528 | - |
A 1577 W 45th Street Sold | $999,000 | 5 | 1 | 1,729 | $578 | 0.7 mi |
B 4427 S Wilton Place Sold | $966,756 | 3 | 2 | 1,651 | $586 | 1.0 mi |
C 1540 W 47th Street Sold | $935,000 | 4 | 3 | 1,900 | $492 | 0.6 mi |
D 1729 W 51st Place Active | $850,000 List Price | 3 | 2 | 1,844 | $461 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1914, the property has undergone an extensive, high-end professional renovation within the last 5 years, making it a turnkey masterpiece. The kitchen is a standout feature with custom soft-close cabinetry, sleek stone countertops, and premium stainless-steel appliances, including a Fisher & Paykel range. The interior features modern wide-plank flooring, recessed lighting, and updated fixtures throughout. The addition of a fully independent, modern ADU further confirms the recent and comprehensive nature of the property's upgrades, meeting all criteria for the excellent condition category.
The property includes a fully independent 2-bedroom, 1-bathroom ADU above the garage, offering a rare opportunity for substantial rental income or multi-generational living in a high-demand area.
The residence has been meticulously updated with a chef's kitchen featuring custom cabinetry and stone countertops, along with contemporary finishes throughout, ensuring a move-in-ready experience.
Beyond the living quarters, the converted storage rooms provide flexible space ideal for a home office, workshop, or creative studio, maximizing the utility of the entire lot.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Despite the modern aesthetic remodel, the original 1914 construction date suggests that underlying structural or systemic components may require more long-term maintenance than a newer build.
With a main house, an ADU, and a garage/storage structure all situated on a 5,248 square foot lot, the remaining private outdoor yard space is relatively limited.
Rare Opportunity: Experience the perfect blend of modern luxury and income potential in this meticulously remodeled 3 bedroom, 2 bathroom gem. At the heart of the home is a stunning chef's kitchen that shines with custom soft-close cabinetry, sleek stone countertops, and high-end stainless-steel appliances. The main residence features and inviting living room anchored by a classic fireplace, a separate family room and recessed lighting throughout. The primary suite serves as a true retreat with its private en-suite bath and walk-in closet. Stylish doors provides easy access to the rear enclosed yard and deck. Situated above the garage converted storage rooms, is a fully independent 2 bedroom, 1 bathroom ADU - an incredible asset for rental income or multi-generational living. The storage rooms, offer an unmatched versatility for a home office or workshop. The contempory finishes, compliment this property, making this a turnkey masterpiece in a prime Los Angeles location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,682 | 1,450 | 74% |
| Lot Size | 5,248 | 5,409 | 44% |
| Price | $950.0K | $727.5K | 71% |
| Price per sq ft | $565 | $562 | 50% |
| Built year | 1914 | 1913 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 186 | 6% |
Mar 4, 2026
$950,000
Initial Listing