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.
Sold for $870,000
Listed by: Real Broker • Ryan Smagacz • Contact: 951-296-8095
Bought with: TLC REALTY AND INVESTMENTS INC
$870,000
216 E 54th St, Los Angeles, CA 90011
9beds
4baths
2,680sqft
Triplex
Built in 1914
-- sqft lot
$911,400 Zestimate®
$325/sqft
$2,271 Estimated rent
Home value
$911,400
$829,000 - $1.00M
$2,271/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ryan Smagacz DRE #02126879 951-296-8095,
Real Broker,
Co-Listing Agent: Emmanuel Gamboa DRE #02041836 323-767-4482,
Exclusive Realty Associates
Bought with:
TOM LEO CHAVEZ, DRE #01800562
TLC REALTY AND INVESTMENTS INC
Source: CRMLS,MLS#: DW23167112
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Rooms
- Room types: Bonus Room, Bedroom, Family Room, Kitchen, Laundry, Living Room
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Heating
- Ductless
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Oven, Microwave
- Laundry: Inside
Features
- Ceiling Fan(s), Granite Counters, Laminate Counters, All Bedrooms Down, Bedroom on Main Level
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,680
- Total interior livable area: 2,680 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: off 54th Street
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,332 Square Feet
- Features: 2-5 Units/Acre, Near Park, Rectangular Lot
Details
- Parcel number: 5101013007
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Roof: Flat
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Sidewalks, Park
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $325/sqft
- Tax assessed value: $887,400
- Annual tax amount: $11,031
- Date on market: 9/7/2023
- Cumulative days on market: 22 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,VA Loan
- Tenant pays: Electricity, Gas
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2025 | Listing removed | $1,049,000$391/sqft |
Source: BHHS broker feed #PW25122245 Report a problem | ||
| 9/11/2025 | Price change | $1,049,000-4.6%$391/sqft |
Source: BHHS broker feed #PW25122245 Report a problem | ||
| 6/3/2025 | Listed for sale | $1,100,000+26.4%$410/sqft |
Source: BHHS broker feed #PW25122245 Report a problem | ||
| 11/29/2023 | Sold | $870,000+2.4%$325/sqft |
Source:  CRMLS #DW23167112 Report a problem | ||
| 10/1/2023 | Pending sale | $850,000$317/sqft |
Source: CRMLS #DW23167112 Report a problem | ||
| 9/25/2023 | Price change | $850,000-5.5%$317/sqft |
Source: CRMLS #DW23167112 Report a problem | ||
| 9/18/2023 | Price change | $899,000-3.3%$335/sqft |
Source: CRMLS #DW23167112 Report a problem | ||
| 9/7/2023 | Listed for sale | $930,000+51.2%$347/sqft |
Source: CRMLS #DW23167112 Report a problem | ||
| 12/11/2018 | Sold | $615,000+5.1%$229/sqft |
Source: Public Record Report a problem | ||
| 12/4/2018 | Pending sale | $584,900$218/sqft |
Source: CENTURY 21 Allstars #DW18257794 Report a problem | ||
| 10/24/2018 | Listed for sale | $584,900+23.1%$218/sqft |
Source: Century 21 Allstars #DW18257794 Report a problem | ||
| 3/15/2016 | Sold | $475,000$177/sqft |
Source: Public Record Report a problem | ||
| 2/14/2016 | Pending sale | $475,000$177/sqft |
Source: TDC/Pacific Properties Inc. #SB16030483 Report a problem | ||
| 1/15/2016 | Price change | $475,000+10.7%$177/sqft |
Source: TDC/Pacific Properties Inc. #SB16005730 Report a problem | ||
| 1/11/2016 | Listed for sale | $429,000+26.2%$160/sqft |
Source: TDC/Pacific Properties Inc. #SB16005730 Report a problem | ||
| 12/12/2013 | Listing removed | $1,895$1/sqft |
Source: RTI Properties, Inc Report a problem | ||
| 12/6/2013 | Listed for rent | $1,895$1/sqft |
Source: RTI Properties, Inc Report a problem | ||
| 10/20/2004 | Sold | $340,000+37.7%$127/sqft |
Source: Public Record Report a problem | ||
| 2/26/2004 | Sold | $247,000-9.8%$92/sqft |
Source: Public Record Report a problem | ||
| 3/8/2002 | Sold | $273,719+16.5%$102/sqft |
Source: Public Record Report a problem | ||
| 9/25/2000 | Sold | $235,000+213.3%$88/sqft |
Source: Public Record Report a problem | ||
| 5/21/1998 | Sold | $75,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,031 +1.3% | $887,400 +2% |
| 2024 | $10,888 +30.2% | $870,000 +31.9% |
| 2023 | $8,360 +4.8% | $659,402 +2% |
| 2022 | $7,978 +1.4% | $646,473 +2% |
| 2021 | $7,872 -1% | $633,798 +1% |
| 2020 | $7,947 | $627,300 +2% |
| 2019 | $7,947 +27.5% | $615,000 +24.4% |
| 2018 | $6,234 | $494,189 +2% |
| 2017 | $6,234 +2.2% | $484,500 +37.6% |
| 2016 | $6,100 +36.3% | $352,079 +1.5% |
| 2015 | $4,476 +0.7% | $346,792 +23.5% |
| 2014 | $4,446 | $280,719 +2.5% |
| 2012 | -- | $273,972 -7.8% |
| 2011 | -- | $297,019 +5% |
| 2010 | -- | $283,000 -57.7% |
| 2009 | -- | $668,976 +2% |
| 2008 | -- | $655,860 +26.5% |
| 2006 | -- | $518,466 +49.5% |
| 2005 | -- | $346,800 +28.4% |
| 2004 | -- | $270,000 +12.6% |
| 2003 | -- | $239,700 +32.2% |
| 2000 | -- | $181,265 |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
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Nearby schools
GreatSchools rating
- 3/10Main Street Elementary SchoolGrades: K-5Distance: 0.1 mi
- 4/10Los Angeles Academy MiddleGrades: 6-8Distance: 0.4 mi
- 3/10Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community HighGrades: 9-12Distance: 0.2 mi
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Estimated market value
$911,400
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Estimated market value
$911,400
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