216 E 54th Street, Los Angeles, CA 90011

About this triplex

Over a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 units on the property within 2 buildings. Unit 1 is a 5/2. Unit 2 is a 2/1. Unit 3 is a 2/1. According to tax records, Unit 1 states 4 bedrooms however it does have a 5th bonus room. Each unit is individually metered for electricity & gas. There is a parking area in the back of the property with access from the alley which could potentially be used to build an ADU (buyer to verify). 2 units are close to market rent while there is a tremendous upside on Unit 3. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 2 was completely renovated down to the studs in 2019. The lot size is a little over 5,300 sq ft. Only a few minute drive to Exposition Park, USC, Downtown Los Angeles, and more. If interested after the sale, discounted professional property management services are available for 6 months with current manager.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$870,000

Sold November 2023 · listed $850,000, orig. $930,000, on market September 2023 · MLS #DW23167112 · Source: CRMLS

Listing Agent: Ryan Smagacz · Listing Office: Real Broker · Contact: 619-248-6434 · Bought with: TOM LEO CHAVEZ · TLC REALTY AND INVESTMENTS INC

$615,000

Sold December 2018 · listed $584,900, on market October 2018 · MLS #DW18257794 · Source: CRMLS

Listing Agent: Alan Cedillo · Listing Office: Century 21 Allstars · Contact: 562-863-2121 · Bought with: Alan Cedillo · Century 21 Allstars

$475,000

Sold March 2016 · on market February 2016 · MLS #SB16030483 · Source: CRMLS

Listing Agent: Franklin Love · Listing Office: TDC/Pacific Properties Inc. · Contact: 310-827-3744 · Bought with: Miguel Gonzalez Jr · Century 21 Allstars

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