424 N Avenue 54, Los Angeles, California 90042, Los Angeles, 90042 - 6 bed, 4 bath
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424 N Avenue 54
Los Angeles, California 90042
ACTIVE
CONDITION: EXCELLENT
6Beds
4Baths
3,201Sq Ft
7,501Lot Size
Property Price
LIST PRICE$1,774,500
EST. MARKET VALUE
$1,839,826
3% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a brand-new 2026 multi-home compound listed at $1,945,000—positioned well below the $2,251,396 Fair Market Value by 13%. This valuation gap offers $306,396 in Instant Equity. Featuring a 2026 Condition Rating, this hillside estate includes three distinct residences, modern open-concept kitchens, and scenic city light views. It is an ideal acquisition for Buy-and-Hold Investors seeking high-yield rental income or Owner-Occupants looking for a versatile, modern compound in historic Highland Park.
Estimated Market Value
$1,839,826+$65,326 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 N Avenue 54 Subject 6 bd · 4 ba · 3,201 sqft · $575 | $1,774,500* List Price | 6 | 4 | 3,201 | $575 | - |
A 1157 Toledo Street Sold 4 bd · 3 ba · 2,068 sqft · $629 · 1.0 mi | $1,300,000 | 4 | 3 | 2,068 | $629 | 1.0 mi |
B 5217 Hub Street Active 4 bd · 4 ba · 2,352 sqft · $678 · 0.5 mi | $1,595,000 List Price | 4 | 4 | 2,352 | $678 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Brand new 2026 ground-up construction featuring modern open-concept kitchens with stainless steel appliances, contemporary bathrooms with dual vanities, and new mini-split HVAC systems throughout all three residences.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Versatility
The property features three distinct residences (3BR, 2BR, and 1BR), providing exceptional flexibility for multi-generational living, high-yield rental income, or a dedicated home office compound.
- Prime Walkable Location
Situated in the heart of historic Highland Park, the home offers unbeatable walkability to the vibrant shops, dining, and entertainment hubs of both Figueroa Street and York Boulevard.
- New Construction Hillside Estate
As a 2026 ground-up build, the estate combines modern architectural design and brand-new systems with stunning hillside views of the city lights and surrounding landscape.
CONSRISKS & DEFICIENCIES
- Accessibility Challenges
The hillside topography and multi-level layout with detached units may present accessibility issues for those with mobility concerns due to potential stairs and steep terrain.
- Limited Parking Capacity
With three separate living units and a total of six bedrooms, the two-car garage may prove insufficient for the parking needs of multiple tenants or large households.
About 424 N Avenue 54
NEW CONSTRUCTION | MULTI-HOME COMPOUND | HISTORIC HIGHLAND PARK! Rising behind the original river-rock wall sits a brand-new ground-up hillside estate featuring THREE distinct residences. The sun-drenched Main House (3BR/2BA) features an open-concept kitchen, generous living area, and a private primary retreat opening to a tranquil outdoor patio. Perched detached up and above is a separate 2BR residence with its own private entrance, front yard, balcony, and setting with views! The lower 1BR home has its own front patio which provides the perfect third space for guests, an extended layout to the main home, or use as a home office. Includes a convenient 2-car garage at street level. Enjoy unbeatable walkability between Figueroa St. and York Blvd.steps to Checker Hall, catch live music at the Lodge Room, grab a famed churro from Santa Canela and/or fresh florals from Lenita, and don't miss Tuesday's Farmers Market. Call today for a private showing. Don't miss this rare and amazing long-term investment opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,201 | 1,670.836 |
| Lot Size | 7,501 | 6,152.156 |
| Price | $1.77M | $1.34M |
| Price per sq ft | $554 | $807 |
| Built year | 2026 | 1941 |
| HOA | $0 | $238 |
| Days on market | 61 | 56 |
Pricing History
Listed for Sale
Oct 28, 2026
$1,774,500
$1,795,000
-1% Price Drop
Initial Listing
Price Change
Oct 9, 2026
$1,795,000
$1,845,000
-3% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$1,845,000
$1,945,000
-5% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$1,945,000
Initial Listing
Sold
Mar 25, 2022
$305,000
Public Record