617 W 54th Street
Los Angeles, CA 90037
- – beds
- – baths
- – sqft
- 5,460 sqft lot
- 2023 build
- – on site
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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. Furthermore, it is important to note that the property is not subject to rent control, which ensures that the landlord can charge market rents. The property is sold with a 1-year builder warranty, which provides additional peace of mind for the buyer. This property offers a unique blend of modern amenities, cost-saving features, and income potential, making it an ideal choice for any savvy investor looking to capitalize on the thriving Los Angeles rental market. The property's prime location also adds to its appeal, providing easy access to major roads and freeways, as well as public transportation, making it a highly desirable location for tenants.
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Last updated Aug 8, 2023
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MLS# OC23008246 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/1/23
Mar 1, 2023
|
Sold | CRMLS_CA | $1,250,000 | -3.8% |
|
1/17/23
Jan 17, 2023
|
Listed / Active | CRMLS_CA | $1,300,000 | |
|
6/28/19
Jun 28, 2019
|
Listed / Active | CRMLS_CA |