535 West 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
535 West 54th Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 535 West 54th Street, Los Angeles, California 90037 is currently available with a list price of $950,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1923, the property is described as well-maintained and move-in ready, featuring significant system upgrades such as tankless water heaters and a roof in prime condition. The presence of separately metered utilities and a fully paved lot suggests a high level of upkeep. While the interior styling likely reflects older trends rather than a full modern renovation, the functional state of major systems and the lack of deferred maintenance mentioned align with the 'Good' condition category for an investment property.
PROSSTRENGTHS & OPPORTUNITIES
- Separately Metered Utilities
The property features rare individual meters for water, gas, and electricity for all three units, allowing tenants to pay their own utilities and significantly reducing owner operating expenses.
- ADU Conversion Potential
The detached 3-car garage presents a high-upside opportunity for an ADU conversion, providing a clear path to increase the unit count and maximize rental income.
- Low-Maintenance Infrastructure
With a roof in prime condition, tankless water heaters, and a fully paved lot, the property is optimized for low maintenance and reduced capital expenditure for a new owner.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Originally built in 1923, the century-old structure may have underlying vintage components that require more frequent monitoring or specialized maintenance compared to modern builds.
- Local School Ratings
The majority of the assigned public schools in the immediate area have low performance ratings, which could impact the long-term appeal for families and affect tenant stability.
About 535 West 54th Street
Prime triplex in the heart of Los Angeles. Excellent investment opportunity in a centralized Los Angeles location! This well-maintained triplex features a front DUPLEX with two 2-bedroom, 1.5-bath units, plus a detached 2-bedroom, 1-bath single-family residence in the rear; ideal for owner-occupants or savvy investors. The property boasts a roof in prime condition, tankless water heaters, and secure gated access. A RARE BONUS, separately metered utilities with 3 WATER METERS, 3 GAS METERS, and 3 ELECTRIC METERS; TENANTS PAY ALL THIER OWN UTILITIES, minimizing owner expenses. The lot is fully PAVED for low maintenance, and the property includes a 3-car garage with ADU conversion potential creating additional income possibilities.Conveniently located near freeways, schools, and restaurants, this is a fantastic opportunity for a first-time buyer looking to offset their mortgage with rental income or an investor seeking to expand their portfolio. STRONG income potential; this property may very well pay for itself. Don’t miss out on this versatile and high-upside opportunity.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1923
- Lot Size
- 5,462 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Fifty-Second Street Elementary School
Grades K-5 • 0.3 mi
Main Street Elementary School
Grades K-5 • 0.6 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,128 | 2,419 | 45% |
| Lot Size | 5,462 | 5,451.5 | 55% |
| Price | $950.0K | $937.5K | 50% |
| Price per sq ft | $446 | $324 | 70% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 260 | 5% |
Pricing History
Listed for Sale
Mar 4, 2026
$950,000
Initial Listing
Sold
Dec 9, 2019
$567,500
Public Record
Sold
Nov 23, 2016
$450,000
Public Record
Sold
Sep 12, 2006
$805,000
Public Record
Sold
Dec 10, 2002
$78,000
Public Record