617 W 54th St

Los Angeles CA 90037

0.13 ac.

Multi-Family

Last sold for $1,250,000

Drew Dunn, last sold this property on 01 March 2023 after -3 days on market.

Overview

This new construction duplex is located in the bustling city of Los Angeles! The duplex boasts 5 bedrooms and 4 bathrooms in each unit. The bedrooms are well-sized with ample closet space as well as bathrooms featuring sleek designs and high-end fixtures. The open floor plans include a living room, dining area, and a gourmet kitchen with stainless steel appliances and quartz countertops. The property also features a private yard, in-unit laundry, central HVAC, and a new solar system. Each unit is separately metered, which means that the landlord does not have to cover any of the utility expenses. This feature provides an added level of financial security and peace of mind for landlords, making it a smart investment opportunity. In addition to the spacious units, this new construction duplex also offers an opportunity to convert the detached garage into an ADU (accessory dwelling unit). This would provide the potential for additional income or a separate living space for a family member or tenant. The ADU can be customized to fit your specific needs and can include features such as a kitchen, bathroom, and living area. This new construction duplex offers an outstanding investment opportunity, with proforma rents estimated to yield a 6.23% cap rate. However, the property's value proposition becomes even more compelling with the added potential for rental income from the ADU. With the additional rent from the ADU, the overall cap rate could potentially exceed 7.5%. This unique feature of the property offers endless possibilities and could provide a great return on investment.

Features

10 bedrooms

8 bathrooms

0.13 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 10 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 617 W 54th St

2023

Sold

$1,250,000

01 Mar 2023 by Drew Dunn, of Drew Dunn, Broker

2023

Rented

Undisclosed

01 Mar 2023 by Drew Dunn, Broker

Happy sellers in Los Angeles

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