626 E 54th Street Los Angeles, CA ^$ 850,000

626 E 54th Street

^$ 850,000

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626 E 54th Street

Los Angeles, CA, 90011

^$ 850,000

Bedrooms9 Baths1.3 Sq 2,589

Monthly Estimate*

^$ 5,938

Listed by Action Realty Task Holdings

626 E 54th Street, Los Angeles, CA 90011 - Image 1

626 E 54th Street, Los Angeles, CA 90011 - Image 2

626 E 54th Street, Los Angeles, CA 90011 - Image 3

626 E 54th Street, Los Angeles, CA 90011 - Image 4

626 E 54th Street, Los Angeles, CA 90011 - Image 5

626 E 54th Street, Los Angeles, CA 90011 - Image 6

Multi-Family Home for sale in Los Angeles, CA

for $850,000 with 9 bedrooms and 1 full bath, 3 half baths. This 2,589 square foot home was built in 1924 on a lot size of 0.1096.

EXECUTIVE SUMMARY This Apartment an 2-unit apartment building. Built in 1924 and nestled in the Los Angeles, , this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage, This apartment, each generously proportioned to function as complete Four-bedroom ½ bath units and Five bedroom one and ½ bath.

Multi-Family Active

Price

^$ 850,000

Bedrooms

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

SingleFamilyResidence

Lot Size

0.1096

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24052353

Days on Market

Features

General

Sewer PublicSewer

Zoning LAR2

Garage Spaces 0.0

Pool Features None

Year Built 1924

Tenant Pays None

Property SubType SingleFamilyResidence

Gross Income 78000.0

Community Features Park

County Los Angeles

Net Operating Income 45692.0

Operating Expense 25450.0

Insurance Expense 3000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of 10 Freeway North of 105 and East of 710

City Los Angeles

Entry Location South

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 4772.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 54th

Listing Terms CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 10800.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 3600.0

Water Sewer Expense 3600.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 35

Building Area Units SquareFeet

Standard Status Active

Year Built Source Owner

Tax Lot 47

Property Sub Type Additional SingleFamilyResidence

Exterior

Parking Features Concrete

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 4772.0

Number of Buildings 1

Spa N

Building Area Total 2589.0

Lot Size Acres 0.1096

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 0

Number of Separate Electric Meters 0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features None

Entry Level 2

Electric On Property Y/N N

Internal Only

Street Number 1 626

* Excluded Features

List By

Action Realty Task Holdings

Broker

(714) 823-7171

Phone

Affordability Calculator

$5,938

Per Month

Monthly Principal & Interest: $5,938
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,989,624

Percent of Sale Price 134%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/5/2024	$850,000	-5.56%	Price Down
3/17/2024	$900,000		Listed Price

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626 E 54th Street, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $850,000 with 2,589 sqft and a lot size of 0.1096. 626 E 54th Street has 9 bedrooms, 1.3 baths, and was built in 1924. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/7/2024. 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.

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626 E 54th Street

Multi-Family Home for sale in Los Angeles, CA

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