Closed | Well-Located South Figueroa Duplex
Matt Dunfrund of Lyon Stahl is pleased to have closed 855 W 54th St, a well-located South Figueroa duplex listing.
This property sold for $725,000.
Featuring 2 large detached units (one 4 bed/2 bath unit & one 3 bed/2 bath unit) with 2,068 total rentable SF. The current gross income will be $4,825/mth; $57,900/yr once the vacant 4 Bed unit is rented at the market rate of approx. $2,450/mth.
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 looking for solid cash flow from Day 1, or it’s also perfect for an owner-user buyer looking to take occupancy of the front 4+2 unit, which will be delivered vacant at closing.
Located in a rapidly appreciating South LA submarket (90037) & only 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, LAFC’s new Banc of California Stadium & the Staples Center/DTLA makes it a great location for investment & continued appreciation over the coming years. The Lucas Museum has also broken ground locally in Exposition Park & is set to open in 2021.
With this area’s many new construction projects; existing stadiums/attractions & great proximity to DTLA, this 855-857 W 54th St property is right at the heart of the action… Also perfect for social distancing since we can easily set up private showings anytime!
For More Information on this Property:
For Future Listings, Contact:
Matt Dunfrund: Mattd@LyonStahl.com