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  • 249 S Avenue 54

249 S Avenue 54, Los Angeles, CA 90042

$2,450,000 Approx. USD 0 beds, 0 baths

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Photo of Rachelle Levin

Rachelle Levin REALTOR® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com Text Me
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Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
 Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Listing Agent


Martin Fish | Martin@streetlamppartners.com
Lic#: 01988997
Broker: Courtesy of Citivest Realty Services, Inc
Phone: 310-905-4834

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# PW25174973
List price is $2,450,000 Reduced by $100,000 on 5/19/2026
Price: $2,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
0.40 acres
Lot size: 0.3992
County: Los Angeles
Zoning: LARD2
Lot description: ZeroToOneUnitAcre,ElevenToFifteenUnitsAcre,SixToTenUnitsAcre,Back Yard,Front Yard,Lawn,Value In Land
MLS area: 632 - Highland Park

Last Updated: 6/11/2026

 Days On Market (DOM): 283

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This listing belongs to the 632 - Highland Park MLS area

Lat/Long: 34.104484, -118.195432.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Rachelle Levin

Rachelle Levin REALTOR® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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