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1341 E 59th Place

Los Angeles (City), CA 90001
  • $750,000
  • STATUS: Closed
  • ON SITE: 106 Days
  • ID#: 24459385
Sold - 02/03/2025
$750,000
SOLD - 02/03/2025
  • 5
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,580
    SQFT
  • $475
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()


Description

Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 1341 E. 59th Pl is a fully occupied 4-unit opportunity in South Los Angeles. The subject property offers and investor a great unit mix consisting of (2) 2 Bed / 1 Bath and (1) 1 Bed / 1 Bath and (1) Studio unit spread out over 1,580 square feet of gross leasable area and was built in 1923. The building sits on a 4,744 square foot lot that is zoned LAR3YY. There is significant upside in rents while also offering a great day one cash flow. Buyer to verify feasibility of adding an ADU to the property for additional value add potential.

Sold by Boris Almengor of Compass.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T23:26:28.83. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/157436736
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1341 E 59th Place Los Angeles (City), CA 90001

  • Price: $750,000
  • Status: Closed
  • On Site: 106 Days
  • Updated: 39 min ago
  • ID#: 24459385
5
Beds
0
Baths
0
½ Baths
0.11
Acres
1,580
SQFT
$475
$/SQFT
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 1341 E. 59th Pl is a fully occupied 4-unit opportunity in South Los Angeles. The subject property offers and investor a great unit mix consisting of (2) 2 Bed / 1 Bath and (1) 1 Bed / 1 Bath and (1) Studio unit spread out over 1,580 square feet of gross leasable area and was built in 1923. The building sits on a 4,744 square foot lot that is zoned LAR3YY. There is significant upside in rents while also offering a great day one cash flow. Buyer to verify feasibility of adding an ADU to the property for additional value add potential.
Exterior Features

Construction Materials Stucco Direction Faces South Lot Features Rectangular Lot Parking Features GatedUncovered Parking Total 3 Pool Features None Pool Private YN No Roof Rolled/Hot Mop Spa Features None Spa YN No

Interior Features

Appliances Refrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 6.2 Community Features Gated Gross Income 70056 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 46479 New Construction YN No Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning LCR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T23:26:28.83. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()