Property Description

Proudly presenting a new well-located South Figueroa Corridor duplex at 855-857 W 54th Street, LA 90037.  Featuring 2 large units (one 4 bed/2 bath and one 3 bed/2 bath) with 2,068 total rentable SF. The current gross income is $4,825/mth; $57,900/yr.  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 or owner-user buyer looking to take occupancy of the 3bed/2 bath unit, which will be delivered vacant at closing. Rapidly appreciating submarket (900367) located just 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, the Banc of California Stadium, and the Staples Center makes it a great location for an investor looking for both positive cash flow from Day 1 + greatly appreciation over the coming years. The Lucas Museum has also broken ground in Exposition Park too now & is set to open in 2021. With this area’s many new construction projects; existing City stadiums/attractions & great proximity to DTLA, this duplex right at the the heart of the action so please contact us for a private showing ASAP!72500