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Los Angeles, CA 90047 1601 W 59th Place

$925,000

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Presented By: Rigoberto Barraza with Keller Williams Pacific Estate; 562-912-0359
  • MLS# DW24080555
  • 04/22/2024
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  • BedBeds • 4
  • BathBaths • 4
  • FootageSQFT • 2,472
  • GarageGarage • 4

Home Details

Quadruplex opportunity. This property consists of 3 detached buildings - 2-duplex structures and 4 side-by-side one car garage spaces on over 6500 sqft lot. All units are 1-bedroom 1-bath with their own laundry space. Each unit is separately metered for gas and electrical. Live in one and rent the others or continue with the tenants in place. Great opportunity to convert the garages to ADU(s) for additional income. All exterior has recently gone thru stucco repairs and paint (2022), elastomeric coating on all roofs in 2022, 6 energy efficient vinyl windows replaced in 2022 for each unit, 3 units have had flooring replaced since 2021. One unit has been completely gutted and renovated in 2021 including new water lines, drainage, electrical. The garage rolling iron gate is new (2023) and a new concrete driveway space was added for additional income. Great location close to shopping two blocks away and two blocks from the upcoming METRO Rail-to-River project coming soon which makes this a great investment.
Presented By: Rigoberto Barraza with Keller Williams Pacific Estate; 562-912-0359

Interior Features for 1601 W 59th Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixPlace
Total Stories1

Other Rooms

Entry Level1

General for 1601 W 59th Place

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
Contingencynone
CoolingWallWindowUnits
CountyLos Angeles
Current FinancingConventional
Days on Market2
DirectionsCross streets are Slauson and Western ave
Entry Locationalley
Garage Spaces4.0
Garage Y/NYes
Gross Income4886.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesAllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsItem1031Exchange
Lot Size Square Feet6619.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased4
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street Name59th
Tax Lot61
Tenant PaysParkingFee
Total Actual Rent4886.0
Total Units4
Trash Expense0.0
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1938
Year Built SourceAssessor
ZoningLAR1

Exterior for 1601 W 59th Place

Building Area Total2472.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.152
Lot Size Area6619.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $925,000
MLS#DW24080555
List Date 04/22/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors