About 535 54th Street
Three unit income property in South Los Angeles. Two buildings totaling 2,128 sq ft on a 5,462 sq ft LAR2 lot with 3 separate garages. All three units are two bedroom. Units 537 and 535 each have 1.5 baths and unit 535 1/2 has 1 bath. Two of the three have been updated. Current rents are $2,020 at unit 537, $1,352 at unit 535 1/2 and $1,254 at unit 535, a scheduled $4,626 per month and $55,512 annually. On two of the three units, a portion of the scheduled income is paid directly each month under a Housing Assistance Payment contract. Every unit is separately metered for gas, electric and water, so tenants carry all utilities and ownership carries none. Walk Score 96, minutes to the 110, USC, Exposition Park and Downtown. A great investment opportunity with established tenants and steady income already in place from day one.
Features of 535 54th Street
| MLS® # | 226004317 |
|---|---|
| Price | $699,900 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Half Baths | 2 |
| Square Footage | 2,128 |
| Lot Size | 5,462 |
| Year Built | 1923 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 3 |
Community Information
| Address | 535 54th Street |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90037 |
Amenities
| Parking Spaces | 3 |
|---|---|
| # of Garages | 3 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Wood |
|---|---|
| Heating | Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Additional Information
| Date Listed | September 10th, 2026 |
|---|---|
| Days on Market | 9 |
| Zoning | LAR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Renee Delgado |
|---|---|
| Office | Altera Real Estate Services |