Millman Team Real Estate

$695,000
0.12 Acre Lot

1159 W 54th Street, Los Angeles, California 90037

  • Residential Income Property Type
  • 1926 Year Built
Property Description

Priced under value with strong cash-flow potential, this corner-lot triplex is a compelling opportunity for investors or owner-occupants seeking a value-add property. The front structure is a duplex with two 1 bed / 1 bath units (approximately 700 sq ft each), along with a separate rear remodeled 2 bed / 2 bath home of approximately 700 sq ft. The property sits on an approximately 5,200 sq ft lot and includes a 2-car garage. The property is to be purchased with tenants in place, with only one unit vacant at close of escrow, providing immediate income while allowing flexibility for an owner-occupant or rental repositioning. The vacant unit has been remodeled with new paint, new flooring, and an updated bathroom, making it move-in ready and positioned for strong market rent. The garage offers additional rental or future income potential, further enhancing returns in a high-demand rental area. A broker price opinion completed in May 2025 valued the property at $810,000 (before remodel). Convenient access to major, freeways, transit, and local amenities support long-term demand. Whether expanding a portfolio or living in one unit while collecting rent from the others, this property offers solid income today with long-term upside. New photos will be uploaded soon.

Basic Details
Residential Income
For Sale
PW26069475
$695,000
1926
0.12 Acre
Active
1
Triplex
Features
: None
: Combination
: None
: Decorative
: Outside
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90037
54th
1159
Street
W119° 42' 15.5''
N33° 59' 36.5''
Corner of Budlong and 54th St
C34 - Los Angeles Southwest
W
Additional Information
$0
$0
$0
$0
$0
2144
: Urban
1
2.0
: Yard
3
2026-04-01
1
https://my.matterport.com/show/?m=EhdeKCDQpFV&mls=1
: Public
Broker/Agent Information
Redfin Corporation
DJ Bonner
Listing Information
PWBONNDJ
PB17914
Cash, Conventional, Submit
Active
2026-04-19T01:07:18Z
CRMLS
: Standard
2026-04-01T15:44:27Z
Agent info
Ray Millman
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