537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The… Read More current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details. Read Less
Property listed by McAlpin & Company, Jerome McAlpin 310-259-7556
Listing Snapshot
Days Online
26
Last Updated
Beds
6
Square Ft.
2,128
Lot Size
0.13 Acres
Year Built
1923
MLS Number
26832565
Additional Details
Building
Built in 1923, Living area: 2128.0, 1 building, Building faces South, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $56,712, Net Operating Income: $39,889
Lot
0.1254 acres
Parking
4 open parking spaces, 4 total parking spaces, Uncovered
Taxes
Parcel Number: 5001025013, Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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