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 Bedrooms: 7Bathroom Information
Total Baths: 5 Full Baths: 0 Half Baths: 0 -
Cooling Features
None Air Conditioning
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Building Information
Year Built: 1956 Building Area Total: 2,415
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1306 -
Lot Size Source: Assessor Lot Size Square Feet: 5690
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Listing Price Information
Original List Price: 950,000 Listing Contract Date: 2026-06-17 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6008025021
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Garage and Parking
Garage Description: DrivewayHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 1212 Directions: Google Maps: 1318 E 59th Pl Los Angeles CA 90001 Zoning: LCR3YY Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 70 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 2415 Entry Level: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6300 Holmes Avenue, Los Angeles, CA, 90001 | $530,000 | 2 | 1 | 748 | 748 SqFt |
| 7912 Alix Avenue, Los Angeles, CA, 90001 | $649,000 | 3 | 1 | 888 | 888 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 | -- | -- | 1,320 | 1,320 SqFt |
| 6911 Compton, Los Angeles, CA, 90001 | $790,000 | 2 | 2 | 1,580 | 1,580 SqFt |
| 7651 Miramonte, Los Angeles, CA, 90001 | $639,000 | 3 | 2 | 1,257 | 1,257 SqFt |
| 1166 E 64th Street, Los Angeles, CA, 90001 | $795,000 | 7 | -- | 1,952 | 1,952 SqFt |
| 1253 E 76th Place, Los Angeles, CA, 90001 | $600,000 | 3 | -- | 1,616 | 1,616 SqFt |
| 1216 E 84th Street, Los Angeles, CA, 90001 | $558,000 | 3 | 1 | 1,176 | 1,176 SqFt |
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ByOwner last updated this listing 06/19/2026 @ 04:48
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