Ready-To-Issue 12-Unit Development
249 S Avenue 54 Los Angeles, CA 90042
249 S Avenue 54, Los Angeles, CA, 90042
$2,450,000
For Sale
$2,450,000
LAND - Los Angeles, CA
Property Size24,210 SF
Lot Size0.40 Acres
Price / SF$101.20
Days on Market349
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 Agency
Citivest Realty Services, Inc
(714) 553-2001
4340 Von Karman Ave, #200, Newport Beach, CA
Listed by
Martin Fish · License #01988997
(310) 905-4834
Added: Aug 4, 2025 Checked: Jul 18 at 8:06 pm
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 ...
Similar For Sale Nearby
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.
