249 S Avenue 54 Los Angeles, CA 90042
- Added:
- Sep 9, 2025
- Days on Market:
- 232
- Last Refresh:
- Apr 28 at 8:06 pm
Property Features for 249 S Avenue 54
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- LARD2
- Exterior features
- Fence, Community Features Included: Biking, Dog Park, Hiking, Mountainous, Street Lights, Sidewalks, Suburban
- Fencing
- Fenced
- Standard status
- Active
- APN
- 5468013025
- Size
- 24,210 SF
- Lot size
- 17,390.00 Acres
Building Details
- Architectural style
- Other
Listing agent Martin Fish License #01988997 (310) 905-4834
Listing office Citivest Realty Services, Inc 4340 Von Karman Ave, #200, Newport Beach, CA (714) 553-2001
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
Ready-To-Issue 12 Unit Project
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 with no relocation requirements. 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 by right, bringing the potential unit count to 16 total 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. It is designed with 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. The zoning is LARD2.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.195435
- Latitude
- 34.104485
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - RTI 12-unit project in Highland Park, Los Angeles.
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 $2,550,000.
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.
