1601 West 59th Place

Los Angeles, CA 90047

$925,000
Price
4
Beds
4
Baths
2,472 Sq. Ft.
$374 / Sq. Ft.
2,472
Sq. Ft.
$374
per Sq. Ft.

Description

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...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.
  1. Listed by Rigoberto Barraza • DRE #01735683 • Brokerage DRE #01917184 • Keller Williams Pacific Estate • 562-912-0359

Property Details for 1601 West 59th Place

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2472

Location

Listing Courtesy of Keller Williams Pacific Estate, Rigoberto Barraza, DRE #01735683
Add your commute
LISTING UPDATED: 04/24/2024 11:28 PM

Property Details for 1601 West 59th Place

StatusActive
MLS #DW24079529
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1938
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Pacific Estate, Rigoberto Barraza, DRE #01735683
Add your commute

Building Information for 1601 West 59th Place

Building/Complex1601 W 59th PlFloor-Stories1Residences-Pet Policy-Year Built1938Building Size-

Payment Calculator

$5,666 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$618

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1601 West 59th Place

Rental Info
Rental Info
  • Tenant Pays: Parking Fee
Income / Expense / Tax Details
Income Details
  • Gross Income: $4,886
  • Gross Scheduled Income: $4,886
  • Net Operating Income: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 4382
  • Tax Census Tract: 2372.02
  • CFD/Mello-Roos Fee: $540
  • Tax Lot: 61
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: alley
  • Structure Type: Quadruplex
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Corner Lot
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: No
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $640
  • Unit Type Total Rent: $640
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,017
  • Unit Type Total Rent: $1,017
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,029
  • Unit Type Total Rent: $1,029
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 1601 West 59th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1601 West 59th Place

Taxable ValueLand$341,632Additions$231,258Total$572,890
Tax Record2023$7,411 ($618 / month)
Home Facts
Total Finished SqFt2,472 SqFtAbove Grade Finished SqFt2,472 SqFtLot Size6,617 SqFtStyleQuadraplexYear Built1938ZoningLAR1CountyLOS ANGELESAPN6002-009-035

Schools near 1601 West 59th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
John Muir Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1601 West 59th Place is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on April 22, 2024 by Keller Williams Pacific Estate, it's currently listed at $925,000. It has been on the market for a total of 11 days and was last sold on July 25, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Gifted Academy Of Math And Entrepreneurial Studies, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 1601 West 59th Place is a 4-bed, 4-bath, 2,472 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Pacific Estate, Rigoberto Barraza, DRE #01735683

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.