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California>Los Angeles>Vermont Square

535 W 54th StreetLos Angeles, CA 90037

For Sale

$799,000

Smart Buyer Rebate $7,990

537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details.

Listed by Jerome McAlpin

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License #00939725

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McAlpin & Company

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310-437-4172

Last updated May 22, 2026

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Source: CRMLS #26832565

Listing Facts

  • TypeMulti-family
  • NeighborhoodVermont Square
  • Bedrooms6
  • Days on Prevu33
  • Size2,128 sqft
  • Price per sqft$375

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/14/2026
Listed by McAlpin & Company
$799,000

Property Details for 535 W 54th Street

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 1
  • Year Built: 1923
  • Architectural Style: Spanish

Features

  • Direction Faces: South

Measurements

  • Building Area Total: 2,128
  • Lot Size Acres: 0.12
  • Lot Size Area: 5,462
  • Lot Size Square Feet: 5,462
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.99
  • Gross Income: $56,712.00

Taxes

  • Parcel Number: 5001025013

Interior

Measurements

  • Living Area: 2,128

Rooms

  • Bathrooms Total Integer: 3
  • Bedrooms Total: 6

Parking

Parking

  • Open Parking Spaces: 4
  • Parking Features: Uncovered
  • Parking Total: 4

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 6 bedrooms in this multi-family home at 535 W 54th Street.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 535 W 54th Street.

How does 535 W 54th Street compare to other multi-family homes in Vermont Square?

This multi-family home is listed 30% below the average price for multi-family homes in Vermont Square and has been on the market for 79 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,128 sqft.

535 W 54th Street is a 6-bedroom multi-family home for sale in Los Angeles CA 90037. Listed on Prevu for 33 days at $799,000. This residence features 2,128 square feet of living space, located in Vermont Square. The median listing price for multi-family homes in this area is $839,750. The home offers parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.