945 W 54th Street, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
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Los Angeles, California 90037
This Value-Add Residential Asset is a High-Potential Investment Opportunity listed at $620,000—positioned well below the $636,010 Fair Market Value by 2%. This valuation gap offers $16,010 in Instant Equity. Featuring a Condition Rating of 4 requiring modernization, the 1909-built home retains historic coffered ceilings and includes a detached workshop with significant ADU potential. Located near USC and DTLA, the property promises high rental demand despite lower-rated local schools. It is a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 945 W 54th Street Subject | $620,000* List Price | 2 | 1 | 1,219 | $522 | - |
A 1111 W 54th Sold | $640,000 | 3 | 1 | 1,188 | $539 | 0.2 mi |
B 933 W 57th Sold | $585,000 | 3 | 2 | 1,152 | $508 | 0.2 mi |
C 840 W 53rd Street Sold | $635,000 | 3 | 2 | 1,189 | $534 | 0.1 mi |
D 1159 W 52nd Street Sold | $583,000 | 4 | 3 | 1,257 | $464 | 0.3 mi |
E 1021 W 53rd St Sold | $725,000 | 4 | 2 | 1,649 | $440 | 0.1 mi |
F 4239 South Raymond Avenue Sold | $565,000 | 2 | 1 | 1,218 | $464 | 1.0 mi |
G 1104 W 58th Street Active | $625,000 List Price | 2 | 1 | 1,129 | $554 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this property retains significant historic character such as coffered ceilings and original hardwood floors, but it falls into the 'fair' category due to its age and dated updates. The kitchen, described as 'modern,' actually features oak cabinetry and white appliances typical of a 15-20 year old renovation. Furthermore, the listing explicitly states that images have been digitally enhanced, which often masks physical depreciation and wear. While functional, the home requires cosmetic and likely system updates to meet contemporary standards.
Built in 1909, this home features rare architectural details including coffered ceilings, original hardwood floors, and custom built-ins that offer a level of vintage charm and quality often missing in modern builds.
The property sits on a corner lot with alley access and includes a detached structure, providing an ideal footprint for an Accessory Dwelling Unit (ADU) to maximize rental income or property value.
Located in a rapidly developing pocket near USC, DTLA, and the upcoming George Lucas Star Wars Museum, the property is perfectly positioned for significant long-term equity growth and high rental demand.
The majority of the assigned public schools for this address have low ratings, ranging from 1 to 3, which may limit the property's appeal to families prioritizing educational performance.
The listing notes that images have been digitally enhanced to showcase potential, suggesting the current physical state of the home may require immediate capital investment for repairs or modernization.
Step into this timeless vintage charmer filled with original character and craftsmanship. This home showcases beautiful coffered ceilings, custom built-ins, and rich wood details that highlight its classic appeal.***Featuring a functional layout with 2 BEDROOMS, a BONUS ROOM**, PLUS A DEN**, this home offers versatility for families, remote work, or creative use of space. Enjoy a modern kitchen, double-pane windows, original hardwood floors and private laundry room ***Situated on a corner lot with alley access, this property provides ample parking flexibility and INCLUDES A DETACHED STRUCTURE that can be used as a WORKSHOP with extra storage, perfect ADU POSSIBILITIES. *** This home is great for both families and investors. This property is ideally located just minutes from DTLA, USC, BMO Stadium, and the upcoming George Lucas Star Wars Museum. Located in a rapidly developing pocket of the city with strong investment potential.Don't miss the opportunity to own a piece of LA history with endless possibilities!-images digitally enhanced to showcase potential of the home.
No exterior & parking available.
Grades K-5 • 0.3 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 | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 1,219 | 1,250.5 | 41% |
| Lot Size | 5,184 | 5,271.5 | 50% |
| Price | $620.0K | $647.5K | 28% |
| Price per sq ft | $509 | $488 | 56% |
| Built year | 1909 | 1911 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 181 | 3% |
Apr 1, 2026
$620,000
Initial Listing