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$ 799,000
Est. payment | /mo
6 Beds
3 Baths
2,128 SqFt
$ 799,000
Est. payment | /mo
6 Beds
3 Baths
2,128 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,128 sqft
Price per Sqft $375
MLS Listing ID 26832565
Bedrooms 6
HOA Y/N No
Year Built 1923
Lot Size 5,462 Sqft
Property Description
537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
View Y/N No
View None
Total Parking Spaces 4
Building
Faces South
Entry Level One
Architectural Style Spanish
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5001025013
Special Listing Condition Standard
Listed by Jerome McAlpin McAlpin & Company #00939725
NEARBY SCHOOL & BUSINESS