249 Avenue 54, Los Angeles, CA 90042
Local realty services provided by:ERA North Orange County Real Estate
249 Avenue 54,Los Angeles, CA 90042
$2,550,000
- 0.4 Acres
- Lots / Land
- Active
Listed by: martin fish310-905-4834
Office: citivest realty services, inc
MLS#:PW25174973
Source:CAREIL
Price summary
- Price:$2,550,000
About this home
12 Unit RTI project with alley access. Located in the vibrant Highland Park community of Los Angeles, 249 S Avenue 54. This offers a rare development opportunity with RTI (Ready-To-Issue) permits in place. The existing property features three separate bungalow homes with alley access. NO RELOCATION, THE PROPERTY IS DELIVERED FULLY VACANT. The approved plans allow for four new construction duplex structures and two detached ADUs. Upon CofO, the new owner will be able to capture six (6) additional ADUs by right. Recent code updates allow for 8 ADUs bringing the unit count to 16 total. The new project will feature (8) 5B/5B units and (8) 2B/2B ADUS, each thoughtfully designed to meet the needs of modern urban living. The building will encompass approximately 24,210 square feet on a 17,882 square foot lot, designed with contemporary finishes, energy-efficient features, a full sprinkler system, and full compliance with the latest seismic and building codes. Situated just minutes from Downtown Los Angeles, tucked in between Griffith Obervatory and the 110 Parkway, the property benefits from a strong demand for rental housing, making it ideal for families or co-living operations. The estimated annual NOI is approximately $768,903. Avenue 54 offers an outstanding opportunity to invest i...
Contact an agent
Home facts
- Listing ID #:PW25174973
- Added:202 day(s) ago
- Updated:March 31, 2026 at 04:23 PM
Structure and exterior
- Lot area:0.4 Acres
- Lot Features:Greenbelt, Mid Block
Utilities
- Water:District - Public
Finances and disclosures
- Price:$2,550,000
New listings near 249 Avenue 54
- New
$1,525,000Active4 beds 3 baths2,328 sq. ft.10940 Andora Avenue, Chatsworth, CA 91311
MLS# 26671005Listed by: REAL ESTATE SOURCE, INC. - New
$2,885,000Active18 beds 16 baths6,734 sq. ft.1250 W 37th Street, Los Angeles, CA 90007
MLS# 26671171Listed by: KELLER WILLIAMS HOLLYWOOD HILLS - New
$3,150,000Active-- beds -- baths7,030 sq. ft.11341 Victory Boulevard, North Hollywood, CA 91606
MLS# GD26069750Listed by: KELLER WILLIAMS R. E. SERVICES - Coming Soon
$1,199,000Coming Soon3 beds 2 baths24133 Albers Street, Woodland Hills, CA 91367
MLS# SR26064873Listed by: COLDWELL BANKER REALTY - New
$3,150,000Active-- beds -- baths7,030 sq. ft.11341 Victory Boulevard, North Hollywood, CA 91606
MLS# GD26069750Listed by: KELLER WILLIAMS R. E. SERVICES - New
$939,000Active3 beds 3 baths1,938 sq. ft.783 Gatun Street #104, San Pedro, CA 90731
MLS# SB26067342Listed by: REALTY ONE GROUP UNITED - Coming Soon
$1,199,000Coming Soon3 beds 2 baths24133 Albers Street, Woodland Hills, CA 91367
MLS# SR26064873Listed by: COLDWELL BANKER REALTY - New
$599,990Active2 beds 1 baths832 sq. ft.14125 Lanark Street, Panorama City, CA 91402
MLS# OC26068749Listed by: DEL REY RESIDENTIAL - New
$2,195,000Active4 beds 3 baths2,458 sq. ft.19029 Sprague Street, Tarzana, CA 91356
MLS# SR26069052Listed by: RODEO REALTY - New
$799,999Active4 beds 2 baths1,723 sq. ft.10237 Oro Vista, Sunland, CA 91040
MLS# SR26069215Listed by: NON LISTED OFFICE