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249 S Avenue 54

Los Angeles, CA 90042
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SqFt17,390

Sqft(Lot)

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 squ are 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.

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Detail Ic Property Details

Property Type : Land

Price : $2,425,000

AD Id : 91264189

MLS Id : PW25174973

Lot Size : 17,390 Sq. Ft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 17390 Lot Size Acres: 0.3992 Lot Size Source: PublicRecords Lot Size Square Feet: 17,390 Lot Description: ZeroToOneUnitAcre,ElevenToFifteenUnitsAcre,SixToTenUnitsAcre,BackYard,FrontYard,Lawn,ValueInLand

  • Listing Price Information

    Listing Price: $2425000
    Original Price: $2995000
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  • Tax Information

    Parcel Number: 5468013025 Tax Lot: 15

  • Utility Information

    ElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
  • Location Information

    Direction: Off Longfellow St. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
936 N Staley Lane, Los Angeles, CA, 90042 $495,000 -- -- -- 11,407 Sq. Ft(Lot)
Oak Hill Ave, Los Angeles, CA, 90042 $295,000 -- -- -- 11,510 Sq. Ft(Lot)
133 S Avenue 64, Los Angeles, CA, 90042 $299,000 -- -- -- 5,324 Sq. Ft(Lot)
200 S Avenue 63, Los Angeles, CA, 90042 $160,000 -- -- -- 4,693 Sq. Ft(Lot)
422 N Avenue 61, Los Angeles, CA, 90042 $100,000 -- -- -- 4,281 Sq. Ft(Lot)
631 N Avenue 48, Los Angeles, CA, 90042 $225,000 -- -- -- 7,493 Sq. Ft(Lot)

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ByOwner last updated this listing 09/17/2026 @ 08:27

MLS: PW25174973 LISTED BY: Martin Fish, Citivest Realty Services, Inc 714-553-2001 SOURCE: CRMLS

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