1601 W 59th Place, Los Angeles CA, 90047
(Active)
$925,000
|
4 beds, 4 Full baths, 2,472 sqft
|
MLS# DW24079529
Last Updated: 5/3/2024 11:00 PM
Description for
1601 W 59th Place
Los Angeles, CA 90047
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.
Price
$925,000
Los Angeles
4
4 Full
2,472 (approx)
DW24079529
Active
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 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.
Listing Information
| Property Type: Single Family, Fourplex, Multi-Family, 1 Story | ||
| 4 | 4 Full | |
| 0.15 Acres | Assessor | 2,472 (approx) |
| 1938 | Yes-4 spaces | 1 |
Public
Public Sewer
Neighborhood
School Information
| District: Los Angeles Unified | ||
Room Information
| Bathrooms: Main Level: 4 | |||
| 4 | |||
Main Level: 4, Total: 4
Inside
Interior Features
Window/Wall Unit
1 Common Wall
alley
None
All Bedrooms Down
Exterior / Lot Features
4 Garage Spaces,
4 Parking Spaces,
0 Covered Parking Spaces,
None
LAR1
Corner Lot
Driving Directions
Cross streets are Slauson and Western ave
Financial Considerations
| 6002009035 |
1031 Exchange
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90047 has a population of 3,956,168.
The median household income in Los Angeles, California 90047 is $54,570. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90047 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/22/2024 | Active | $925,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $7,411 USD | 4.62% | $572,890 USD | 2.00% |
| 2022 | $7,084 USD | 1.37% | $561,658 USD | 2.00% |
| 2021 | $6,988 USD | -0.94% | $550,646 USD | - |
| 2020 | $7,054 USD | 545.38% | $550,646 USD | 1.04% |
| 2019 | $1,093 USD | 12.80% | $545,000 USD | 1,003.64% |