1318 E 59th Place
Los Angeles, CA 90001
7
Bed
0
Bath
2,415Sqft
5,690Sqft(Lot)
We are pleased to present 1318 E. 59th Place, a four-unit multifamily investment opportunity in South Los Angeles, offered at a 9.13 GRM and 7.53% CAP rate based on current income. The property also presents meaningful rental upside, with the potential to achieve a 7.78 GRM and 9.38% CAP rate upon stabilization at market rents. NOTE: There is potential to deliver 1 unit VACANT at closing (contact broker for details). The property consists of two separate buildings totaling approximately 2,415 rentable square feet. Constructed in 1956, the improvements are situated on a 5,690 square foot LCR3YY-zoned lot and feature tandem driveway parking on both sides of the property. The unit mix includes three (3) one-bedroom/one-bathroom units and one (1) four-bedroom/one-bathroom unit, providing a des
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 5 -
Heating & Cooling
Cooling: None
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Building Information
Year Built: 1956Building Area Total: 2415Stories: 1Private Pool: No
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Lot Information
Main Square Feet: 5690 Lot Size Acres: 0.1306 Lot Size Source: Assessor Lot Size Square Feet: 5,690
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Listing Price Information
Listing Price: $950000
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Tax Information
Parcel Number: 6008025021
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Virtual Tour
Parking Information
Parking Total: 6 Driveway
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Location Information
Direction: Google Maps: 1318 E 59th Pl Los Angeles CA 90001
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 7017 Wilson Avenue, Los Angeles, CA, 90001 | $515,000 | 2 | 1 | 810 | 810 SqFt |
| 6300 Holmes Avenue, Los Angeles, CA, 90001 | $530,000 | 2 | 1 | 748 | 748 SqFt |
| 6525 Holmes Avenue, Los Angeles, CA, 90001 | $899,000 | 3 | -- | 3,347 | 3,347 SqFt |
| 1637 E Gage Avenue, Los Angeles, CA, 90001 | $690,000 | 3 | 3 | 1,412 | 1,412 SqFt |
| 6421 Converse Avenue, Los Angeles, CA, 90001 | $798,888 | 4 | 2 | 1,310 | 1,310 SqFt |
| 6101 Compton Avenue, Los Angeles, CA, 90001 | $1,450,000 | 7 | -- | 7,350 | 7,350 SqFt |
| 1503 E Gage Avenue, Los Angeles, CA, 90001 | $599,999 | 3 | 2 | 1,412 | 1,412 SqFt |
| 6905 Compton, Los Angeles, CA, 90001 | $690,000 | 3 | 3 | -- | |
| 6911 Compton, Los Angeles, CA, 90001 | $790,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 6214 Hooper Avenue, Los Angeles, CA, 90001 | $959,000 | 8 | -- | 2,544 | 2,544 SqFt |
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ByOwner last updated this listing 08/04/2026 @ 05:52
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