1159 W 54th Street, Los Angeles, CA 90037
- $670,000
- Sold Price
- $670,000
- List Price
- $695,000
- Closing Date
- Jun 02, 2026
- Status
- CLOSED
- MLS#
- PW26069475
- Year Built
- 1926
- Lot Size
- 5,173
- Acres
- 0.12
- Lot Location
- Yard
- Days on Market
- 36
- Property Type
- Multifamily
- Property Sub Type
- Triplex
Property Description
Priced under value with strong cash-flow potential, this corner-lot triplex is a compelling opportunity for investors or owner-occupants seeking a value-add property. The front structure is a duplex with two 1 bed / 1 bath units (approximately 700 sq ft each), along with a separate rear remodeled 2 bed / 2 bath home of approximately 700 sq ft. The property sits on an approximately 5,200 sq ft lot and includes a 2-car garage. The property is to be purchased with tenants in place, with only one unit vacant at close of escrow, providing immediate income while allowing flexibility for an owner-occupant or rental repositioning. The vacant unit has been remodeled with new paint, new flooring, and an updated bathroom, making it move-in ready and positioned for strong market rent. The garage offers additional rental or future income potential, further enhancing returns in a high-demand rental area. A broker price opinion completed in May 2025 valued the property at $810,000 (before remodel). Convenient access to major, freeways, transit, and local amenities support long-term demand. Whether expanding a portfolio or living in one unit while collecting rent from the others, this property offers solid income today with long-term upside. New photos will be uploaded soon.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Decorative
- Heat
- Combination
- Cooling Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $32,424
- Operating Expense
- 2640
- Garage Spaces
- 2
- Parking Spaces
- 2
Listing courtesy of Listing Agent: DJ Bonner (DJBonner@Outlook.com) from Listing Office: Redfin Corporation.
Listing sold by Ivan Leon from Real Brokerage Technologies
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.