860 W 54th, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 3 bath
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Los Angeles, California 90037
This Income-Generating Triplex asset presents a strategic acquisition opportunity with a List Price of $599,000—positioned well below the $609,205 Fair Market Value by 1%. This valuation provides $10,205 in Instant Equity. Currently carrying a Poor Condition Rating, the property offers significant Value-Add potential via its vacant front unit. With two long-term, rent-controlled units providing immediate cash flow within the Los Angeles Unified district, this As-Is acquisition is primed for forced appreciation. It is an ideal project for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 860 W 54th Subject | $599,000* List Price | 4 | 3 | 1,875 | $325 | - |
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 1021 W 48th Pending | $699,000 List Price | 5 | 4 | 2,096 | $333 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1907, this triplex shows extensive deferred maintenance and is in very poor condition. The vacant front unit requires substantial rehabilitation, with a partially renovated bathroom still in disarray and an extremely outdated, basic kitchen. The occupied units also feature very old, worn-out kitchens and bathrooms, and general signs of heavy wear and tear throughout. The property is sold 'As Is' and requires significant investment to address its age, outdated systems, and overall state of disrepair.
This is a 3-unit property (Triplex) explicitly marketed as a 'Great Investment opportunity,' offering multiple income streams for potential buyers.
The property allows for an owner-occupant to 'Live in one and rent out the others,' providing a unique opportunity to offset mortgage costs with rental income.
Centrally located in Los Angeles, the property benefits from high demand, accessibility to amenities, and strong potential for long-term appreciation.
The property is sold 'As Is,' and the front unit is 'in need of some TLC,' indicating that significant renovation costs and effort will be required from the buyer.
The back two units are under rent control, which limits the potential for rent increases and may restrict overall income growth and investment returns.
Built in 1907, the property is over a century old, which may lead to higher maintenance costs, potential for outdated systems, and the need for significant capital expenditures.
Great Investment opportunity. 3 unit property located in the city of Los Angeles. Live in one and rent out the others. Front unit is currently vacant and in need of some TLC. Property sold "As Is", Back 2 units are rent control with long term tenants. Centrally located, close to everything you need.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 74% |
| Baths | 3.0 | 0.0 | 68% |
| Square foot | 1,875 | 2,000 | 42% |
| Lot Size | 5,397 | 5,397 | 50% |
| Price | $599.0K | $855.0K | 11% |
| Price per sq ft | $319 | $387 | 26% |
| Built year | 1907 | 1923 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 242 | 16% |
Apr 2, 2026
$599,000
$629,500
-5% Price Drop
Initial Listing
Feb 5, 2026
$629,500
Initial Listing