721 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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721 W 54th Street
Los Angeles, California 90037
ACTIVE UNDER CONTRACT
CONDITION: GOOD
0Beds
0Baths
3,616Sq Ft
4,997Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$1,056,188
10% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $949,000, positioned well below the $1,056,188 Fair Market Value by 10%. This valuation gap provides $107,188 in Instant Equity. With a Condition Rating of 3, the property features modern updates and a rare 2-bedroom, 2-bath unit, making it an ideal asset for Buy-and-Hold Investors or Owner-Occupants. The immediate vacancy of three units allows for rapid lease-up at market rates, maximizing cash flow potential in a central Los Angeles location.
Estimated Market Value
$1,056,188+$107,188 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 |
|---|---|---|---|---|---|---|
★ 721 W 54th Street Subject | $949,000* List Price | 0 | 0 | 3,616 | $292 | - |
A 342 W 56th Sold | $945,000 | 8 | 4 | 3,140 | $301 | 0.4 mi |
B 458 W Vernon Active | $795,000 List Price | 0 | 0 | 3,726 | $213 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1965, the property has undergone significant interior updates including modern laminate flooring and stone countertops. The units appear well-maintained and move-in ready. While some elements like popcorn ceilings and wall heaters are dated, the overall condition suggests a renovation within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Upside
With three of the four units delivered vacant, an investor can immediately capture market-rate rents (estimated at $2,200 per unit) without the legal complexities or costs of relocating long-term tenants.
- Desirable Unit Mix
The property features all two-bedroom configurations, including a rare 2-bedroom, 2-bath unit with an en-suite, which is highly sought after by tenants and supports premium rental pricing.
- Owner-User Opportunity
The high vacancy rate provides a perfect opportunity for an owner-occupant to utilize FHA or VA financing to live in one unit while using the income from the other three to significantly offset the mortgage.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The majority of the assigned public schools in the immediate area have low performance ratings (ranging from 1 to 3), which may deter families who prioritize high-quality educational districts.
- Limited Parking Ratio
With only four on-site parking spaces for four two-bedroom units, the property may face challenges as modern tenants often require multiple spaces per household, potentially leading to street parking congestion.
About 721 W 54th Street
Exceptional owner-user and investment opportunity! This well-maintained four-unit property offers immediate flexibility with three units ready for occupancy or lease-up. The unit mix consists of three 2-bedroom, 1-bath units and one spacious 2-bedroom, 2-bath unit with private en-suite bath. Each unit includes a range, select units include refrigerators, and the property provides four on-site parking spaces. Two upstairs units feature private balconies, adding desirable outdoor living space. Estimated market rents are approximately $2,200 per month per unit (buyer to verify), offering strong income potential. Ideal for an owner-occupant seeking rental income, multigenerational living, or an investor looking to maximize cash flow through immediate lease-up. One occupied unit (Unit 1) offers additional long-term value-add potential. Conveniently located near schools, shopping, transportation, and major freeways.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 4,997 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 • 0.2 mi
3/10
Dr. James Edward Jones Primary Center
Grades K-2 • 0.6 mi
0/10
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,616 | 2,187.451 |
| Lot Size | 4,997 | 5,841.385 |
| Price | $949.0K | $841.5K |
| Price per sq ft | $262 | $385 |
| Built year | 1965 | 1928 |
| HOA | $0 | $0 |
| Days on market | 47 | 85 |
Pricing History
Listed for Sale
Jul 24, 2026
$949,000
Initial Listing