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    249 Avenue 54 S Los Angeles, CA 90042

    Sponsored
    For Sale
    $2,800,000

    Land/Lot - Los Angeles, CA

    Lot size:
    17,390.00 Acres
    Days on Market:
    124
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 249 Avenue 54 S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LARD2
    APN
    5468013025
    Exterior features
    Fence, Community Features Included: Biking, Dog Park, Hiking, Mountainous, Sidewalks, Street Lights, Suburban
    Fencing
    Fenced
    Lot size
    17,390.00 Acres

    Building Details

    Architectural style
    Other

    Citivest Realty Services, Inc. (800) 819-9347 [email protected]

    Listing agent Martin Fish (714) 553-2001 License #01988997

    Listing date Sep 9, 2025

    MLS# PW25174973 Listing URL

    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.

    Overview

    RTI Project in Highland Park

    Located in the Highland Park community of Los Angeles, the property at 249 S Avenue 54 presents a development opportunity with RTI (Ready-To-Issue) permits already secured. The existing property includes three separate bungalow homes with alley access and will be delivered fully vacant. Approved plans allow for the construction of four new duplex structures and two detached ADUs. Upon Certificate of Occupancy, the new owner can add six additional ADUs by right, potentially bringing the total unit count to 16 with 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. The design incorporates contemporary finishes, energy-efficient features, a full sprinkler system, and compliance 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.195435
    Latitude
    34.104485

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    FAQs

    What type of property is this?
    Residential land & home lot - Ready-To-Issue permits for 12 units in Los Angeles.
    Where is this residential land & home lot located?
    The property is located at 249 Avenue 54 S Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    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 up to 16 units total due to recent code updates.; - Property is delivered fully vacant with no relocation requirements.
    (310) 905-4834
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    Los Angeles, CA 90042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 Avenue 54 S Los Angeles, CA 90042
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