$750,000
$750,000
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5 Beds
4 Baths
1,580 SqFt
SOLD DATE : 02/03/2025
Key Details
Sold Price $750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,580 sqft
Price per Sqft $474
MLS Listing ID 24459385
Sold Date 02/03/25
Bedrooms 5
HOA Y/N No
Year Built 1923
Lot Size 4,748 Sqft
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LCR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Laundry None
Exterior
Parking Features Gated, Uncovered
Pool None
Community Features Gated
Roof Type Rolled/Hot Mop
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot
Faces South
Story 1
Entry Level One
Sewer Other
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6008024031
Security Features Gated Community
Special Listing Condition Standard
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Bought with Boris Almengor • Compass