249 S Avenue 54, Los Angeles, CA 90042
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
249 S Avenue 54,Los Angeles, CA 90042
$2,895,000
- 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:$2,895,000
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:54 day(s) ago
- Updated:November 03, 2025 at 03:34 PM
Finances and disclosures
- Price:$2,895,000
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.New listings near 249 S Avenue 54
- New
$1,499,999Active3 beds 2 baths2,033 sq. ft.15220 Valleyheart Drive, Sherman Oaks, CA 91403
MLS# CL25605707Listed by: KELLER WILLIAMS BEVERLY HILLS - New
$1,240,000Active4 beds 2 baths2,116 sq. ft.1818 W 81st, Los Angeles, CA 90047
MLS# CROC25246463Listed by: WILLIAM JOHNSON, BROKER - New
$1,490,000Active4 beds -- baths2,687 sq. ft.3735 Arbolada, Los Angeles, CA 90027
MLS# CRSR25252068Listed by: KUHNHOFER PROPERTIES INC. - New
$900,000Active3 beds 2 baths1,466 sq. ft.6659 Shirley Avenue, Reseda, CA 91335
MLS# SR25247960Listed by: JOHNHART REAL ESTATE - New
$825,000Active3 beds 2 baths1,807 sq. ft.13961 Cantlay Street, Van Nuys, CA 91405
MLS# SR25251267Listed by: NEXTHOME EQUITY SHIELD - New
$899,000Active3 beds 3 baths2,111 sq. ft.343 Patton Avenue, Los Angeles, CA 90026
MLS# WS25251384Listed by: WEDGEWOOD HOMES REALTY - New
$950,000Active3 beds 2 baths1,497 sq. ft.26417 Governor, Harbor City (los Angeles), CA 90710
MLS# CRSB25252243Listed by: KELLER WILLIAMS REALTY - New
$520,000Active2 beds 2 baths830 sq. ft.18645 Hatteras #263, Tarzana (los Angeles), CA 91356
MLS# CRSB25252352Listed by: KELLER WILLIAMS SOUTH BAY - New
$599,990Active2 beds 3 baths1,322 sq. ft.9423 N Sepulveda Blvd. #3, North Hills (los Angeles), CA 91343
MLS# CRSR25252342Listed by: WILLIAMS HOMES INC. - New
$1,299,000Active5 beds 2 baths2,468 sq. ft.12861 Titian Avenue, Granada Hills, CA 91344
MLS# 25581305Listed by: COMPASS
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.