Los Angeles, CA 90047 1745 W 59th Place

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Presented By: Fernando Reza with KELLER WILLIAMS COVINA; 626-388-5518
  • MLS# CV23182306
  • 10/05/2023
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 3
  • FootageSQFT • 1,656

Home Details

Uncover a Hidden Gem at 1745 West 59th Place - Your Triplex Investment Awaits! Income-Generating Opportunity! Three Homes on A Lot!! 1745 Front House: 1 Bedrooms, 1 Bath Front Unit is actually 1 Bedroom larger unit with addition bedroom framed but not permitted. Renting for $2,000 per month Potential for Higher Returns! 1747 Middle Unit: 1 Bedroom, 1 Bath Long-term, Reliable Tenant Renting for $936 per month Stable Income Stream! 1749 Rear Unit: 1 Bedroom, 1 Bath Tenant for 19 Years! Renting for $542.86 per month Opportunity for Cash for Keys? What makes this Triplex truly captivating? The potential for increased rental income, stability, and investment value are just waiting to be discovered. Are you ready to step into the world of smart real estate investment? This Three On A Lot property at 1745 West 59th Place is your ticket to financial growth. Whether you're a seasoned investor or just starting, this Triplex promises solid returns and room for expansion. Don't miss out on this income-generating treasure! Contact our real estate expert today to schedule a viewing and unlock the full potential of 1745 West 59th Place. Invest with confidence. Invest in 1745 West 59th Place! All Information Deemed Reliable but Not Guaranteed. Buyers and Buyer's Agent to investigate all information to Buyer's Satisfaction.
Presented By: Fernando Reza with KELLER WILLIAMS COVINA; 626-388-5518

Interior Features for 1745 W 59th Place

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, Inside
Street SuffixPlace
Total Stories1

Other Rooms

Entry Level1

General for 1745 W 59th Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.2
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Sidewalks, Urban
ContingencyBuyer to work with Seller to 1031 Exchange at no expense to Buyer. Seller to find replacement property
CountyLos Angeles
Days on Market195
DirectionsNear 59th Place and Western Ave
Entry Location3 Entry Points
Garage Spaces0.0
Garage Y/NNo
Gross Income3478.86
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5005.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange, FHA
Lot Size Square Feet3374.0
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income33681.0
New ConstructionNo
Operating Expense8065.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street Name59th
Tax Lot45
Tenant PaysElectricity, Gas
Total Units3
Trash Expense0.0
View Y/NNo
Water Sewer Expense3060.0
Waterfront Y/NNo
Year Built1924
Year Built SourceAssessor
ZoningLAR2

Exterior for 1745 W 59th Place

Building Area Total1656.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, NearPublicTransit, RectangularLot
Lot Size Acres0.0775
Lot Size Area3374.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesPublic
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $639,000
MLS#CV23182306
List Date 10/05/2023
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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