249 S Avenue 54, Los Angeles, CA 90042
Local realty services provided by:CENTURY 21 Affiliated
249 S Avenue 54,Los Angeles, CA 90042
$2,425,000
- 0 Acres
- Lots / Land
- Active
Listed by: martin fish
Office: citivest realty services, inc
MLS#:PW25174973
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,425,000
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 in a high-demand, centrally located project ready for immediate development and long-term success....
Contact an agent
Home facts
- Listing ID #:PW25174973
- Added:412 day(s) ago
- Updated:October 27, 2026 at 03:30 PM
Finances and disclosures
- Price:$2,425,000
New listings near 249 S Avenue 54
- Coming SoonOpen Sat, 1 to 4am
$1,148,000Coming Soon2 beds 1 baths1,008 sq. ft.1477 Montecito Dr, Los Angeles, CA 90031
MLS# CV26225781Listed by: CENTURY 21 REALTY MASTERS - Coming Soon
$4,095,000Coming Soon4 beds 4 baths3,679 sq. ft.1906 Fairburn Avenue, Los Angeles, CA 90025
MLS# 26102701Listed by: COMPASS - Coming SoonOpen Sun, 12 to 4pm
$694,321Coming Soon4 beds 2 baths1,388 sq. ft.8912 Mettler, Los Angeles, CA 90003
MLS# PW26231477Listed by: VICKEN SERAYDARIAN, BROKER - Coming Soon
$600,000Coming Soon3 beds 2 baths1,298 sq. ft.153 W 58th, Los Angeles, CA 90003
MLS# WS26231254Listed by: EXP REALTY OF GREATER L.A. INC - Coming Soon
$1,950,000Coming Soon2 beds 2 baths1,284 sq. ft.828 Crestmoore Place, Venice, CA 90291
MLS# 26104093Listed by: COMPASS - Coming Soon
$1,589,000Coming Soon0.17 Acres17000 Bollinger Drive, Pacific Palisades, CA 90272
MLS# 26104565Listed by: COLDWELL BANKER REALTY - Coming Soon
$3,650,000Coming Soon4 beds 3 baths3,024 sq. ft.2644 Greenvalley Road, Los Angeles, CA 90046
MLS# 26804653Listed by: COMPASS - Coming Soon
$850,000Coming Soon3 beds 2 baths999 sq. ft.7426 Dempsey Avenue, Van Nuys, CA 91406
MLS# PW26230824Listed by: JOHNHART REAL ESTATE - Coming Soon
$975,000Coming Soon-- beds -- baths2,744 sq. ft.2206 W Avenue 30, Los Angeles, CA 90065
MLS# CV26227350Listed by: THE IVRI GROUP, INC. - Coming Soon
$220,000Coming Soon-- beds 1 baths444 sq. ft.20234 Cantara Street #136, Winnetka, CA 91306
MLS# SR26230633Listed by: RE/MAX LUXE