731 W 54th, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This Investment-Grade Duplex is listed at $649,000, representing a strategic entry point south of Downtown Los Angeles. While the Fair Market Value is $599,625, the price reflects the significant Development Potential and immediate rental income from two units. The property carries a Condition Rating of 5, requiring capital expenditure to modernize the 1915 structure and its Patio. Proximity to West Vernon Avenue Elementary and Santee Education Complex ensures strong tenant demand for Buy-and-Hold Investors or Developers targeting value-add opportunities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 731 W 54th Subject | $649,000* List Price | 0 | 0 | 1,156 | $519 | - |
A 608 W 52nd Active | $799,999 List Price | 0 | 0 | 1,498 | $534 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1915, this property is over a century old. The exterior images reveal significant wear and tear, dated features like security bars, and a general lack of maintenance, indicating substantial deferred maintenance. The MLS description explicitly states the property's 'Advanced Age' and the likelihood of 'significant capital expenditure for updates, repairs, and modernization of systems.' While interior photos are not provided, the exterior condition and age strongly suggest that the kitchen, bathrooms, and other interior components are very outdated and require extensive renovation and system replacements to meet current standards. It is not a tear-down as it is currently occupied, but it requires substantial repairs and rehabilitation.
The property is a duplex, offering immediate rental income potential from two units, which is ideal for investors or owner-occupants seeking supplemental income.
Situated in a high-demand area just south of Downtown Los Angeles, providing excellent connectivity via the 110 Freeway and Slauson Avenue, ensuring strong rental demand and accessibility.
The property is marketed with potential for future development, additional units, or expansion, appealing to investors and developers looking for value-add opportunities.
Built in 1915, the property is over a century old, likely requiring significant capital expenditure for updates, repairs, and modernization of systems to meet current standards and tenant expectations.
Despite being described as 'generous,' the 2,065 sqft lot is relatively small for significant 'future development, additional units, or expansion' in a dense urban environment like Los Angeles, potentially limiting project scope.
With a total of 1156 sqft for two units, each unit is quite small (approx. 578 sqft). The description also notes units are 1 bed/1 bath but 'utilized by tenants as 2-bedroom, 1-bath,' which could indicate non-conforming bedrooms or a less-than-ideal layout, potentially impacting tenant appeal or appraisal.
Investment Opportunity – Duplex with Development Potential Near Downtown Los Angeles Great opportunity to own a duplex with expansive land in a high-demand area just south of Downtown Los Angeles, conveniently located near the 110 Freeway and Slauson Avenue. Each unit currently features 1 bedroom and 1 bathroom (both utilized by tenants as 2-bedroom, 1-bath units). One unit can be delivered vacant—ideal for an owner-occupant or investor seeking flexibility. The generous lot provides excellent potential for future development, additional units, or expansion (buyer to verify zoning and building possibilities). Perfect for investors, developers, or buyers with a home-based business looking to establish themselves in a prime central Los Angeles location with strong rental demand and easy freeway access.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-2 • 0.6 mi
Grades K-5 • 0.6 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 | 1,156 | 2,000 | 5% |
| Lot Size | 2,065 | 5,377 | 11% |
| Price | $649.0K | $855.0K | 16% |
| Price per sq ft | $561 | $392 | 84% |
| Built year | 1915 | 1923 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 176 | 242 | 42% |
Oct 28, 2025
$649,000
Initial Listing
Dec 15, 2009
$129,000
Public Record
Jul 2, 2007
$455,000
Public Record
Oct 12, 2004
$338,000
Public Record
May 11, 2004
$111,000
Public Record