859 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
859 W 54th Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 859 W 54th Street, Los Angeles, California 90037 is currently available with a list price of $709,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
This property, built in 1915, is over 100 years old. The 'CASH ONLY transaction' note is a significant red flag, indicating that the property likely has substantial defects or deferred maintenance that prevent conventional financing. The exterior images show clear signs of neglect, including an overgrown yard, old fencing, and a dated facade. While interior images are not provided, the age of the property and the 'cash only' requirement strongly suggest that the kitchen, bathrooms, and all major systems (plumbing, electrical, HVAC) are severely outdated, in disrepair, and require substantial rehabilitation to meet modern safety and comfort standards. The description 'oozing with potential' further implies extensive work is needed, aligning with the 'Poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Property
As a multi-family duplex, this property offers immediate potential for rental income, making it an attractive investment opportunity.
- Prime Los Angeles Location
Located in Los Angeles, a highly desirable and appreciating real estate market, offering strong long-term value potential.
- Significant Lot Size
The generous 5,464 sqft lot provides ample outdoor space and potential for future expansion, landscaping, or even an ADU (Accessory Dwelling Unit).
CONSRISKS & DEFICIENCIES
- Cash-Only Transaction
The requirement for a 'CASH ONLY' transaction severely limits the buyer pool, excluding those who rely on traditional financing.
- Age and Implied Condition
Built in 1915, the property is likely to require substantial renovation, repairs, and modernization, which could entail significant additional investment beyond the purchase price.
- Auction Process Complexity
The mention of 'Auction disclaimers' suggests a potentially complex and non-standard acquisition process, which may deter some buyers and require careful due diligence.
About 859 W 54th Street
Great Opportunity to own this multi-family home oozing with potential. This property was built in 1915 and features plenty of living space. ***SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid or submitting an offer. ***
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1915
- Lot Size
- 5,464 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 • 0.2 mi
Dr. James Edward Jones Primary Center
Grades K-2 • 0.5 mi
Marguerite Poindexter Lamotte Elementary
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,881 | 2,419 | 25% |
| Lot Size | 5,464 | 5,451.5 | 55% |
| Price | $709.0K | $890.0K | 25% |
| Price per sq ft | $377 | $324 | 60% |
| Built year | 1915 | 1923 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 506 | 264 | 0% |
Pricing History
Listed for Sale
Oct 16, 2024
$709,000
Initial Listing
Sold
Sep 1, 2022
$640,000
Public Record