855 W 54th St, Los Angeles, CA 90037

Property Description

Proudly presenting this well-located South Figueroa duplex listing at 855-857 W 54th Street, LA 90037. Featuring 2 large detached units (one 4 bed/2 bath unit & one 3 bed/2 bath unit) with 2,068 total rentable SF. The current gross income will be $4,825/mth; $57,900/yr once the vacant 4 Bed unit is rented at the market rate of approx. $2,450/mth. At our $725,000 asking price, the offering is priced at: $362,5000/unit; a 12.52 current GRM; an 11.96 market GRM; a 5.45% current CAP; a 5.81% market CAP, and $351/SF. It presents a great opportunity for either an investor looking for solid cash flow from Day 1, or it's also perfect for an owner-user buyer looking to take occupancy of the front 4+2 unit, which will be delivered vacant at closing. 
 
 Located in a rapidly appreciating South LA submarket (90037) & only 2 miles south of USC, this duplex could be perfect for graduate students or faculty with a family. The proximity to the LA Memorial Coliseum, LAFC's new Banc of California Stadium & the Staples Center/DTLA makes it a great location for investment & continued appreciation over the coming years. The Lucas Museum has also broken ground locally in Exposition Park & is set to open in 2021. With this area’s many new construction projects; existing stadiums/attractions & great proximity to DTLA, this 855-857 W 54th St property is right at the heart of the action... Also perfect for social distancing since we can easily set up private showings anytime!