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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 des...igned 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.

CRMLS, MLS#: PW25174973
Listed By: Citivest Realty Services, Inc, Martin Fish

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Community Features

  • Biking
  • Dog Park
  • Hiking
  • Mountainous
  • Street Lights
  • Suburban
  • Sidewalks

Electric

  • Electricity On Property

Lot Features

  • Zero To One Unit Acre
  • Eleven To Fifteen Units Acre
  • Six To Ten Units Acre
  • Back Yard
  • Front Yard
  • Lawn
  • Value In Land

Road Frontage Type

  • Alley

Sewer

  • Public Sewer

Utilities

  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available

View

  • City Lights
  • Canyon
  • Hills
  • Neighborhood
  • Trees Woods

WaterSource

  • Public

Rooms

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Listed By:
Citivest Realty Services, Inc
Martin Fish

Data Source: CRMLS

MLS#: PW25174973

Data Source Copyright: © 2026 CRMLS All rights reserved.

© 2026 Provided by CRMLS

This property was listed on 9/9/2025 and last updated as of 9/16/2026 12:39:04 AM. OSI IDX updated the data from CRMLS on 11/6/2026 at 6:42 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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