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.
Sold for $865,000
Listed by: Tim Chen, Broker • Tim Chen • Contact: 626-617-8096
Bought with: Nelson Shelton & Associates
$865,000
1549 W 54th St, Los Angeles, CA 90062
4beds
4baths
3,478sqft
Quadruplex
Built in 1923
-- sqft lot
$1,037,600 Zestimate®
$249/sqft
$2,315 Estimated rent
Home value
$1,037,600
$903,000 - $1.18M
$2,315/mo
Zestimate® history
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Communal yard areaSeparate dining room
Zillow last checked:
Listing updated:
Listed by:
Tim Chen DRE #01917982 626-617-8096,
Tim Chen, Broker
Bought with:
Joshua Shoumer, DRE #01980627
Nelson Shelton & Associates
Source: CRMLS,MLS#: AR24246565
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- None
Cooling
- None
Appliances
- Included: Gas Range
- Laundry: None
Features
- Flooring: Carpet
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,478
- Total interior livable area: 3,478 sqft
Property
Parking
- Total spaces: 7
- Parking features: On Site, Tandem, Uncovered
- Uncovered spaces: 7
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 7,002 Square Feet
- Features: 0-1 Unit/Acre, Rectangular Lot, Yard
Details
- Parcel number: 5003015015
- Zoning: LAC1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Storm Drain(s), Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $249/sqft
- Tax assessed value: $68,089
- Annual tax amount: $1,464
- Date on market: 12/9/2024
- Cumulative days on market: 46 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Total actual rent: 5200
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2025 | Sold | $865,000-8.9%$249/sqft |
Source:  CRMLS #AR24246565 Report a problem | ||
| 1/24/2025 | Pending sale | $950,000$273/sqft |
Source: CRMLS #AR24246565 Report a problem | ||
| 1/16/2025 | Price change | $950,000-13.6%$273/sqft |
Source: CRMLS #AR24246565 Report a problem | ||
| 12/9/2024 | Listed for sale | $1,100,000$316/sqft |
Source: CRMLS #AR24246565 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,464 +4.6% | $68,089 +2% |
| 2024 | $1,400 +0.9% | $66,755 +2% |
| 2023 | $1,387 +3% | $65,447 +2% |
| 2022 | $1,347 +2.9% | $64,165 +2% |
| 2021 | $1,310 -0.3% | $62,908 +1% |
| 2020 | $1,313 | $62,264 +2% |
| 2019 | $1,313 +12.9% | $61,045 +2% |
| 2018 | $1,164 | $59,849 +2% |
| 2017 | $1,164 +1.3% | $58,676 +2% |
| 2016 | $1,148 +6.2% | $57,526 +1.5% |
| 2015 | $1,082 -2.2% | $56,663 +2% |
| 2014 | $1,106 | $55,554 +2.5% |
| 2012 | -- | $54,220 +2% |
| 2011 | -- | $53,158 +0.8% |
| 2010 | -- | $52,761 -0.2% |
| 2009 | -- | $52,888 +2% |
| 2008 | -- | $51,852 +2% |
| 2007 | -- | $50,836 +2% |
| 2006 | -- | $49,840 |
| 2005 | -- | $49,840 +4% |
| 2004 | -- | $47,906 +1.9% |
| 2003 | -- | $47,029 +2% |
| 2002 | -- | $46,108 +4% |
| 2000 | -- | $44,320 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Estimated market value
$1,037,600
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Estimated market value
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