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    Ready-To-Issue 12-Unit Development Project

    249 S Avenue 54 Los Angeles, CA 90042

    249 S Avenue 54, Los Angeles, CA, 90042
    $2,450,000
    For Sale
    Claim this Listing
    $2,450,000

    LAND - Los Angeles, CA

    Property Size24,210 SF
    Lot Size0.40 Acres
    Price / SF$101.20
    AddedAug 4, 2025
    Days on Market346
    Last RefreshJul 15 at 4:06 pm

    Property Features for 249 S Avenue 54

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    LARD2
    Standard status
    Active
    APN
    5468013025
    Size
    24,210 SF
    Lot size
    0.40 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Listing agent Martin Fish License #01988997

    Listing office Citivest Realty Services, Inc 4340 Von Karman Ave, #200, Newport Beach, CA

    Listing date Aug 4, 2025

    MLS# PW25174973

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    Located in the Highland Park community of Los Angeles, this property presents a development opportunity with Ready-To-Issue (RTI) permits. The existing property includes three separate bungalow homes with alley access and will be delivered fully vacant. Approved plans allow for four new construction duplex structures and two detached ADUs. Upon Certificate of Occupancy (CofO), the new owner can add six additional ADUs, potentially bringing the total unit count to 16 due to recent code updates allowing for 8 ADUs. The new project will feature eight 5-bedroom, 5-bathroom units and eight 2-bedroom, 2-bathroom ADUs. The building will encompass approximately 24,210 square feet on a 17,882 square foot lot. Designed with contemporary finishes and energy-efficient features, the project includes a full sprinkler system and complies with the latest seismic and building codes. Situated minutes from Downtown Los Angeles, between Griffith Observatory and the 110 Parkway, the property benefits from a strong demand for rental housing, making it suitable for families or co-living operations. The estimated annual Net Operating Income (NOI) is approximately $768,903.

    Key Highlights

    • RTI (Ready‑To‑Issue) permits in place for a 12‑unit project in Highland Park.
    • Potential to build 8 additional ADUs, bringing the total unit count to 16.
    • Delivered fully vacant with no relocation requirements.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Pharmacy Dental Office Building Supply Daycare Center Accounting Firm Travel Agency (Bike/Boat/Book/etc) Store Skin Care Clinic (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Residential land & home lot - RTI 12-unit project in Highland Park, delivered fully vacant.
    Where is this residential land & home lot located?
    The property is located at 249 S Avenue 54 Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: RTI (Ready‑To‑Issue) permits in place for a 12‑unit project in Highland Park.; Potential to build 8 additional ADUs, bringing the total unit count to 16.; Delivered fully vacant with no relocation requirements.
    Contact an agent
    (310) 905-4834
    We can help!
    Contact an agent
    Martin Fish
    Real Estate License ID: 01988997
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