1549 W 54th Street, Los Angeles, CA 90062
Fourplex
Sold February 2025
Listing Agent: Tim Chen (DRE #01917982) · Listing Office: Tim Chen, Broker · Contact: 626-617-8096 · Bought with: Joshua Shoumer · Nelson Shelton & Associates · MLS #AR24246565 · Source: CRMLS
About this fourplex
This property has multiple opportunities because the units are very large. They are one bedrooms with a separate dining room which can be kept as a dining room, used as a family room or made into a second bedroom. One of the units is currently vacant so any buyer could occupy the unit and collect income from the remaining three units or renovate the unit and bring it up to market income. The tenants are well under market rent so there is a huge upside potential. There is a communal yard area that could be used for the development or upgraded to create a beautiful shared space for the tenants to enjoy. Units also have a large balcony/yard area that adds to the value of the rentals. With the ADU ordinances, the property may be allowed to add up to two additional units but buyer to verify the possibility of adding any ADUs to the property.
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history