NOT LISTED FOR SALE

1933 W 54th St Los Angeles, CA 90062

Vermont Square Neighborhood

Estimated Value: $1,046,000 - $1,711,000

7 Beds
4 Baths
3,621 Sq Ft
$380/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $1,320,000 $365 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,928/month

49 Days on Market

Highlights

  • Spanish Architecture
  • 4 Car Garage
  • 2-minute walk to Chesterfield Square Park

About This Home

As of September 2021

Well located four unit complex near Slauson and Western Avenues. This property features 2 - two unit buildings with all three bedroom apartments. The structures were built in 1931 and contain a combined 3,671 square feet. The units are situated on a corner lot of over 8,000 square feet and is zoned LARD1.5. That zoning may allow for 5 units to be built there. Please check with the City of LA to verify. The apartments are currently producing over $113,000 annually and there is still some upside in the rents. With an excellent GRM of only 11.8 and a CAP of 5.73, these units will not last. Make all offers subject to inspection. Please do not disturb tenants. Seller will not deliver any vacant units at the close of escrow.

Last Agent to Sell the Property

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 06/01/2021

Last Buyer's Agent

Jerome McAlpin

McAlpin & Company License #00939725 Listed on: 06/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,217

Year Built

  • Built in 1931

Lot Details

  • 8,157

Parking

  • 4 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,621 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • 8,157 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5005-021-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,217

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3621
  • Lot Acreage: 0.1873
  • Stories: 2
  • Year Built: 1931
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 372.83

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 24.24
  • Assessed Improvement Value: 103996
  • Assessed Land Percent: 75.76
  • Assessed Land Value: 325007
  • Total Assessed Value: 429003
  • Assessor Parcel Number: 5005-021-017
  • Lot Size Area: 8157

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.85
  • Number Of Units: 4
  • Total Annual Expense: 34157
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2021
Sold by
Hernandez Alma
Bought by
Mcalpin Jerome D and Mcalpin Sydney A
Current Estimated Value
$1,375,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,058,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2018
Sold by
Hernandez Miguel A
Bought by
Hernandez Alma

Purchase Details

Closed on
Apr 19, 2004
Sold by
Hernandez Alma
Bought by
Hernandez Miguel A and Hernandez Alma

Purchase Details

Closed on
Feb 11, 2004
Sold by
Hernandez Miguel
Bought by
Hernandez Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2003
Sold by
Brown Lloyd M
Bought by
Hernandez Miguel and Hernandez Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,500
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcalpin Jerome D $1,320,000 Orange Coast Title Company
Hernandez Alma -- None Available
Hernandez Miguel A -- None Available
Hernandez Alma -- Lawyers Title
Hernandez Miguel $330,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcalpin Jerome D $1,058,000
Previous Owner Hernandez Miguel $400,000
Previous Owner Hernandez Miguel A $476,000
Previous Owner Hernandez Miguel A $2,356,000
Previous Owner Hernandez Alma $344,000
Previous Owner Hernandez Miguel $372,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $1,320,000 -2.2% $365 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
06/22/2021 06/22/21 Price Changed $1,350,000 -2.9% $373 / Sq Ft
06/01/2021 06/01/21 For Sale $1,390,000 -- $384 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,217 $1,400,794 $997,535 $403,259
2024 $17,217 $1,373,328 $977,976 $395,352
2023 $16,893 $1,346,400 $958,800 $387,600
2022 $16,126 $1,320,000 $940,000 $380,000
2021 $5,805 $433,447 $328,374 $105,073
2019 $5,646 $420,592 $318,635 $101,957
2018 $5,505 $412,346 $312,388 $99,958
2016 $5,243 $396,336 $300,258 $96,078
2015 $5,172 $390,383 $295,748 $94,635
2014 $5,217 $382,737 $289,955 $92,782
Source: Public Records

Agents Affiliated with this Home

  • Jerome McAlpin

    Seller's Agent in 2021

    Jerome McAlpin

    McAlpin & Company

    (310) 902-8977

    3 in this area

    43 Total Sales

    Jerome McAlpin
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Map

Source: The MLS

MLS Number: 21-742148

The MLS

APN: 5005-021-017

California Los Angeles County Los Angeles 90062 Vermont Square

1933 W 54th St, Los Angeles, CA

This home is located at 1933 W 54th St, Los Angeles, CA 90062 since 01 June 2021 and is currently estimated at $1,375,191, approximately $379 per square foot. This property was built in 1931. 1933 W 54th St is a home located in Los Angeles County with nearby schools including Western Avenue Technology Magnet, Angeles Mesa Elementary School, and Horace Mann Ucla Community.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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