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1341 E 59th Pl

Los Angeles, CA 90001
  • $750,000
  • STATUS: Closed
  • ON SITE: 102 Days
  • MLS #: 24-459385
Sold - 02/03/2025
$750,000
SOLD - 02/03/2025
  • 5
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,580
    SQFT
  • $475
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

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 BRE# of Compass.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-12T09:42:33.57. 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.
www.searchdesertrealestate.com/homes/157435502
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1341 E 59th Pl Los Angeles, CA 90001

  • Price: $750,000
  • Status: Closed
  • On Site: 102 Days
  • Updated: 44 min ago
  • MLS #: 24-459385
5
Beds
4
Baths
0
½ Baths
0.11
Acres
1,580
SQFT
$475
$/SQFT
1923
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
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

Direction Faces South Exterior Construction Stucco Levels One Lot Description FencedLot Shape-RectangularSingle Lot Lot Location Alley Access Lot Size Area 4746 Other Structures None Parking Garage UncoveredGated Pool Description None Pool YN No Roof AsphaltFlatRolled/Hot Mop Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 3

Interior Features

Cooling None Equipment RefrigeratorRange/Oven Heating Wall Laundry None Water Heater Features GasWater Heater Unit

Property Features

Assessed Total Value 541457 Disclosures None Gross Income 70056 Gross Operating Income 66553 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 2 Net Operating Income 46479.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 20074 Type Of Units Apts Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning LCR3YY

Listing provided courtesy of Peter James DRE# of Lyon Stahl Investment Real Estate, Inc.: 310-425-9838.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-12T09:42:33.57. 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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