Multifamily Home with
For Sale
$709,000
859 W 54th ST, Los Angeles, CA 90037
Multifamily home built in 1915 with plenty of living space.
Property Size1,881 SF
Days on Market724
Property Features for 859 W 54th ST
General Information
Standard status
Active
Size
1,881 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
1,881 SF
Year Built
1915
Listing Agency:
REALHOME SERVICES & SOLUTIONS
Listed By:
NEVEN SPRALJA · License #10311209656
(949) 315-3946
Source:
Milsteinestates
Added: Oct 16, 2024
Changed: Oct 9
Last Checked: Oct 7 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALHOME SERVICES & SOLUTIONS
Investment Insights
Based on property information with market context.
This multifamily property, constructed in 1915, offers a significant opportunity. The property features a substantial amount of living space. Note that this is a cash-only transaction. The seller is responsible for covering taxes, HOA fees, and any municipal or utility liens.
Key Highlights
- Seller to pay Taxes, HOA, and Municipal/Utility Liens.
- Plenty of living space.
- Multi‑family home.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,933
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,660
$558.7K
Cap Rate 7%
$399,043
$399.0K
Cap Rate 9%
$310,367
$310.4K
Market Conditions
NOI Build-Up for 1,881 SF
Gross rent
$51.1K $27.19/SF
− Vacancy
−$358 −$0.19/SF
EGI
$50.8K $27.00/SF
− OpEx
−$22.9K −$12.15/SF
NOI
$27.9K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,660
Cap Rate 7%
$399,043
Cap Rate 9%
$310,367
Alternative Uses
Best Use
Apartment 5plus
$399.0K
$349.2K – $465.6K
NOI $27,933 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.0K
$644.9K – $859.9K
NOI $51,593 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily home built in 1915 with plenty of living space.
Where is this multifamily property located?
The property is located at 859 W 54th ST Los Angeles, CA.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: Seller to pay Taxes, HOA, and Municipal/Utility Liens.; Plenty of living space.; Multi‑family home.
