Los Angeles, CA 90042,249 S Avenue 54
Los Angeles, CA 90042,249 S Avenue 54
Los Angeles, CA 90042,249 S Avenue 54
Los Angeles, CA 90042,249 S Avenue 54
Los Angeles, CA 90042,249 S Avenue 54
Los Angeles, CA 90042,249 S Avenue 54
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Craig Hulbert

Craig Hulbert

+1(858) 752-3447
$ 2,795,000
Est. payment | /mo

0.4 Acres Lot

Save
$ 2,795,000
Est. payment | /mo
Save

0.4 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25174973

Lot Size 0.399 Acres

Property Sub-Type Lots/Land

Property Description

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.

Location

State CA

County Los Angeles

Direction Off Longfellow St.

Interior

Fireplace No

Exterior

Utilities Available Electric, Natural Gas

View Y/N No

Others

Senior Community No

Tax ID 5468013025

MLS Router / San Diego MLS
Listed by Martin Fish Citivest Realty Services, Inc

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Arroyo Vista Elementary School

    Public | KG - 5

  • 10

    Monterey Hills Elementary School

    Public | KG - 5

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 9

    Delevan Drive Elementary

    Public | KG - 6

  • 9

    Eagle Rock Elementary & Magnet Center

    Public | KG - 6

  • 9

    Celerity Troika Charter

    Public | KG - 8

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    John Marshall Elementary School

    Public | KG - 5

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 7

    Arroyo Seco Museum Science

    Public | KG - 8

  • 7

    Latona Elementary School

    Public | PK - 6

  • 7

    Sierra Vista Elementary

    Public | KG - 6

  • 6

    John Muir Elementary School

    Public | KG - 6

  • 6

    Dahlia Heights Elementary

    Public | KG - 6

  • 6

    Rockdale Visual & Performing Arts Magnet

    Public | KG - 6

  • 6

    Yorkdale Elementary

    Public | KG - 5

  • 6

    El Sereno Elementary School

    Public | PK - 6

  • 6

    San Rafael Elementary School

    Public | KG - 5

  • 6

    Emery Park School

    Public | KG - 8

Middle Schools 14
  • 9

    Renaissance Arts Academy

    Public | 6 - 12

  • 7

    Eagle Rock Jr. / Sr. High School

    Public | 7 - 12

  • 5

    Puc Santa Rosa Charter Academy

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 5

    Los Angeles Leadership Academy

    Public | 6 - 12

  • 5

    Luther Burbank Middle School

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 4

    El Sereno Middle School

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 0

    Academia Avance Charter

    Public | 6 - 12

  • 0

    Optimist Charter

    Public | 7 - 12

  • 0

    Puc California Academy for Liberal Studies

    Public | 6 - 8

  • 0

    Fusion Academy Pasadena

    Private | 7 - 12

High Schools 20
  • 10

    South Pasadena High School

    Public | 9 - 12

  • 9

    Alliance Marc & Eva Stern Math and Science

    Public | 9 - 12

  • 8

    Los Angeles High School for the Arts

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Glendale High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 6

    Lincoln High School

    Public | 9 - 12

  • 6

    Benjamin Franklin High School

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 5

    Leadership in Entertainment and Media Arts (Lema)

    Public | 9 - 12

  • 5

    Puc Ca Academy for Liberal Studies Early College H

    Public | 9 - 12

  • 5

    Los Angeles International Charter High School

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 4

    Woodrow Wilson High School

    Public | 9 - 12

  • 3

    School of History and Dramatic Arts at Sonia Sotomayor Learning Complex

    Public | 9 - 12

  • 3

    Academy of Environmental & Soc Policy (Esp) at Roosev

    Public | 9 - 12

  • 0

    Artlab at Sonia Sotomayor Learning Academics

    Public | 9 - 12

  • 0

    Sacred Heart High School

    Private | 9 - 12

  • 0

    Pueblo de los Angeles Continuation

    Public | 9 - 12

  • 0

    Highland Park Continuation

    Public | 9 - 12

School and business data provided by Attom Data.
Craig Hulbert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

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249 S Avenue 54