Sold for $775,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Olga Wright • Contact: 310-606-2076

Bought with: Berkshire Hathaway HomeServices California Properties

$775,000

212 E 54th St, Los Angeles, CA 90011

6beds

4baths

2,430sqft

Triplex

Built in 1931

-- sqft lot

$841,100 Zestimate^®

$319/sqft

$2,331 Estimated rent

Home value

$841,100

$765,000 - $917,000

$2,331/mo

Zestimate^® history

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$2,331/mo

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What's special

212 E 54th St is a three unit apartment complex located in South Los Angeles. Constructed in 1931 and sitting on a 5,330 SF Lot Zoned LARD1.5. Property consists of two buildings totaling 2,430 SF. Front building is a 4 Bedroom / 2 Bath House paying $3,700 and rear building has two 1 Bedroom / 1 Bath units paying $1,050 and $1,300 each. The property line is fully fenced on all 4 sides including the gated entrance with front and back access. This investment presents an income generating opportunity at 10.33 GRM and 7.03% Cap Rate with current rents. Property has recent upgrades; All units are separately metered for gas and electricity. Tenants are all on month to month leases, subject to LA City rent control. All tenants are current on rent. Front House can be delivered vacant. Property will be sold as is.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 2,430
Total interior livable area: 2,430 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 5,330 Square Feet
Features: Rectangular Lot, Walkstreet

Details

Parcel number: 5101013008
Zoning: LARD1.5
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1931

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Street Lights, Sidewalks, Urban

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $319/sqft
Tax assessed value: $790,500
Annual tax amount: $9,849
Date on market: 11/15/2023
Cumulative days on market: 20 days
Listing terms: Cash to New Loan
Total actual rent: 6050

Price history

Date	Event	Price
1/8/2024	Sold	$775,000+72.2%$319/sqft
Source: CRMLS #SB23210755 Report a problem
1/25/2016	Sold	$450,000+55.7%$185/sqft
Source: Public Record Report a problem
5/5/2015	Sold	$289,000-23.7%$119/sqft
Source: Public Record Report a problem
12/20/2012	Sold	$378,746+3.8%$156/sqft
Source: Public Record Report a problem
9/9/2004	Sold	$365,000+66.7%$150/sqft
Source: Public Record Report a problem
7/9/2003	Sold	$219,000-7%$90/sqft
Source: Public Record Report a problem
7/18/2002	Sold	$235,550$97/sqft
Source: Public Record Report a problem
1/11/2002	Sold	$235,550+7.6%$97/sqft
Source: Public Record Report a problem
12/19/2000	Sold	$219,000+82.4%$90/sqft
Source: Public Record Report a problem
6/6/2000	Sold	$120,090-29.3%$49/sqft
Source: Public Record Report a problem
9/21/1998	Sold	$169,849$70/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,849 +47.1%	$790,500 +51.4%
2024	$6,696 +1.9%	$522,259 +2%
2023	$6,572 +4.7%	$512,019 +2%
2022	$6,275 +1.4%	$501,980 +2%
2021	$6,189 -0.9%	$492,138 +1%
2020	$6,247	$487,093 +2%
2019	$6,247 +5.7%	$477,543 +2%
2018	$5,909	$468,180 +2%
2017	$5,909 +2.2%	$459,000 +56.4%
2016	$5,781 +53.5%	$293,407 -4.5%
2015	$3,766 -5%	$307,381 +2%
2014	$3,964	$301,361 +12.4%
2011	--	$268,102 -32%
2010	--	$394,147 -0.2%
2009	--	$395,085 +2%
2008	--	$387,340 +4%
2006	--	$372,300
2005	--	$372,300 +70%
2004	--	$219,000 -2.2%
2003	--	$224,000 +0.3%
2002	--	$223,380 +15.3%
2000	--	$193,800