535 West 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This well-maintained Triplex represents a stabilized income asset listed at $950,000, positioned near its $933,272 Fair Market Value. Featuring a Condition Rating of 3, the property offers updated kitchens, stone countertops, and a newer roof, ensuring minimal immediate capital expenditure. A standout feature is the Separately Metered Utilities for water, gas, and electricity, which shifts all utility costs to tenants. With a 3-Car Garage providing significant ADU Conversion Potential, this is a high-upside acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 West 54th Street Subject | $950,000* List Price | 0 | 0 | 2,128 | $439 | - |
A 1261 W 51st Sold | $940,000 | 0 | 0 | 2,401 | $392 | 0.8 mi |
B 211 W 52nd Street Sold | $750,000 | 0 | 0 | 2,390 | $314 | 0.5 mi |
C 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.3 mi |
D 528 W 43rd Street Sold | $965,000 | 0 | 0 | 2,000 | $483 | 0.8 mi |
E 821 W 43rd Place Sold | $1,130,000 | 0 | 0 | 2,448 | $462 | 0.8 mi |
F 238 W 58th Active | $939,777 List Price | 5 | 3 | 2,216 | $424 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows evidence of significant updates despite its 1923 construction. The kitchens feature modern shaker-style cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been updated with contemporary tiling and vanities. With a newer roof, tankless water heaters, and updated flooring throughout, the property is well-maintained with minimal wear and tear.
A rare and highly desirable feature for investors, the property includes three separate meters for water, gas, and electricity, ensuring tenants pay their own utilities and significantly reducing owner operating expenses.
The existing 3-car garage provides a strategic opportunity for an ADU conversion, allowing a savvy owner to add a fourth income stream and increase the overall property value.
The property features a roof in prime condition, modern tankless water heaters, and a fully paved lot, which minimizes immediate capital expenditures and ongoing landscaping costs.
The majority of the assigned public schools in the immediate area have low performance ratings (ranging from 1 to 3), which may limit the property's appeal to families and impact long-term tenant quality.
Built in 1923, the property is over a century old; despite being well-maintained, older structures often require more frequent monitoring of foundational and plumbing systems compared to modern builds.
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 2 bedrooms, 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, is 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 an investor seeking to expand their portfolio. Don’t miss out on this versatile and high-upside opportunity.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,128 | 2,012 | 63% |
| Lot Size | 5,462 | 5,461 | 53% |
| Price | $950.0K | $940.0K | 53% |
| Price per sq ft | $446 | $392 | 63% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 242 | 11% |
Mar 4, 2026
$950,000
Initial Listing
Dec 9, 2019
$567,500
Public Record
Nov 23, 2016
$450,000
Public Record
Sep 12, 2006
$805,000
Public Record
Dec 10, 2002
$78,000
Public Record