860 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$725,000
860 W 54th Street, Los Angeles, California 90037
0Bed
0Bath
1,875Sqft
5,405Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'Great investment opportunity,' appealing to buyers seeking income-generating assets in a desirable market.
Top Cons:
Extensive Renovation Required: The property is explicitly stated to 'need work' and 'TLC,' indicating significant deferred maintenance and substantial capital investment for rehabilitation.
Compared to the nearby listings
Price:$725.0K vs avg $925.0K ($-200,000)30%
Size:1,875 sqft vs avg 2,484 sqft30%
Price/sqft:$387 vs avg $35952%
More Insights
Built in 1907 (118 years old).
Condition: Built in 1907, this property is explicitly described as needing 'work' and 'TLC,' and is being sold 'as is.' The images confirm a state of severe neglect and extensive deferred maintenance. The kitchen features extremely outdated, dark wood cabinets with no visible modern appliances, indicating a complete gut renovation is necessary. The bathroom is equally dated with old fixtures and worn surfaces. Throughout the property, flooring consists of worn and damaged linoleum/vinyl, and walls show peeling paint, cracks, and dirt. Major systems are undoubtedly at or beyond their expected lifespan, requiring substantial repairs and rehabilitation to make the property safe and comfortable for modern living. While currently occupied by tenants, its condition aligns with the 'poor' criteria, requiring significant investment beyond minor updates.
Year Built
1907
Close
-
List price
$725K
Original List price
$789K
Price/Sqft
$387
HOA
-
Days on market
-
Sold On
-
MLS number
OC24187462
Home ConditionPoor
Features
View-
About this home
Front house is a Two-Bedroom 1 bath home with a large dining area. Property has a fireplace. Needs work. Property sold "as is". Two units in back are rent control with long term tenants. Buyer to verify. needs TLC. Great investment opportunity. needs COURT APPROVAL. BUYER TO VERIFY EVERYTHING. .
Condition Rating
Poor
Built in 1907, this property is explicitly described as needing 'work' and 'TLC,' and is being sold 'as is.' The images confirm a state of severe neglect and extensive deferred maintenance. The kitchen features extremely outdated, dark wood cabinets with no visible modern appliances, indicating a complete gut renovation is necessary. The bathroom is equally dated with old fixtures and worn surfaces. Throughout the property, flooring consists of worn and damaged linoleum/vinyl, and walls show peeling paint, cracks, and dirt. Major systems are undoubtedly at or beyond their expected lifespan, requiring substantial repairs and rehabilitation to make the property safe and comfortable for modern living. While currently occupied by tenants, its condition aligns with the 'poor' criteria, requiring significant investment beyond minor updates.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'Great investment opportunity,' appealing to buyers seeking income-generating assets in a desirable market.
Multi-Unit Property (Triplex): Offers three distinct units, providing diversified rental income streams and enhanced cash flow potential for investors.
Established Rental Income: Two units are currently occupied by long-term tenants, ensuring immediate income generation upon acquisition, albeit under rent control.
Recent Price Reduction: The list price has been reduced from the original, potentially indicating a motivated seller and a more attractive entry point for investors.
Desirable Los Angeles Location: Situated in Los Angeles (C34 - Los Angeles Southwest), a high-demand market with strong rental prospects and long-term appreciation potential.
Cons
Extensive Renovation Required: The property is explicitly stated to 'need work' and 'TLC,' indicating significant deferred maintenance and substantial capital investment for rehabilitation.
Rent Control & Tenant Constraints: Two units are subject to rent control with long-term tenants, which may limit rental income growth and present challenges for future property management or redevelopment.
Complex Transaction & 'As-Is' Sale: Requires court approval and is sold 'as is,' adding layers of legal complexity, potential delays, and shifting all responsibility for property condition and verification to the buyer.