859 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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Los Angeles, California 90037
This 1915 Duplex Asset presents a strategic acquisition for those targeting the Los Angeles rental market. Listed at $709,000 with a $644,001 Fair Market Value, the property offers significant Multi-Family Income Potential despite the current valuation gap. With a Condition Rating of 5, this "Cash Only" sale requires extensive rehabilitation of its century-old systems. However, the 1,881 sqft structure on a 5,464 sqft lot includes a seller-cleared title regarding municipal liens, ensuring a streamlined transfer. Located near Fifty-Second Street Elementary, this value-add project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 859 W 54th Street Subject | $709,000* List Price | 0 | 0 | 1,881 | $342 | - |
A 725 727 W 50th Street Sold | $625,000 | 0 | 0 | 1,916 | $326 | 0.3 mi |
B 621 W 54th Street Sold | $722,000 | 0 | 0 | 1,790 | $403 | 0.2 mi |
C 250 W 49th Street 2 Sold | $593,000 | 0 | 0 | 2,052 | $289 | 0.7 mi |
D 916 W 53rd St Street Sold | $805,000 | 0 | 0 | 2,012 | $400 | 0.0 mi |
E 860 W 54th Active | $629,500 List Price | 0 | 0 | 1,875 | $336 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1915, this property is listed as a 'Cash Only' transaction, which typically indicates it cannot qualify for traditional financing due to significant deferred maintenance or safety issues. The exterior images show an aged structure with weathered siding and a need for substantial rehabilitation, consistent with a property requiring major system updates and structural repairs.
As a duplex in the high-demand Los Angeles market, this property offers a versatile opportunity for dual rental income or a 'house-hack' investment strategy.
The 1915 vintage and 'potential-rich' description make this an ideal project for investors looking to renovate and capture significant equity growth.
The seller's commitment to settling all outstanding taxes, HOA fees, and municipal/utility liens provides a simplified path to a clean title transfer.
The 'Cash Only' requirement significantly limits the buyer pool by excluding those who rely on traditional mortgage financing or FHA loans.
Built in 1915, the property likely requires substantial capital investment to modernize aging systems and address deferred maintenance typical of homes this age.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-2 • 0.5 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 | 1,881 | 2,000 | 42% |
| Lot Size | 5,464 | 5,461 | 53% |
| Price | $709.0K | $855.0K | 21% |
| Price per sq ft | $377 | $387 | 47% |
| Built year | 1915 | 1923 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 553 | 247 | 0% |
Oct 16, 2024
$709,000
Initial Listing
Sep 1, 2022
$640,000
Public Record