1349 E 59th Place 14, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1349 E 59th Place 14, Los Angeles, California 90001 home-pic-0
ACTIVE$690,000
1349 E 59th Place 14, Los Angeles, California 90001
0Bed
0Bath
1,620Sqft
4,076Lot
Year Built
1955
Close
-
List price
$690K
Original List price
$740K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
DW25044470
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $690.0K(50th), sqft - 1620(79th), beds - undefined(50th), baths - undefined(50th).

Exceptional Income Property – 3 Detached Casitas in Prime Los Angeles Location. Welcome to 1349 E 59th Pl, Los Angeles, CA 90001—a rare opportunity to own a highly desirable triplex featuring three individual casitas, each offering 1 bedroom and 1 bathroom. These charming, well-maintained units provide the perfect blend of privacy, convenience, and long-term rental potential, making them ideal for both investors and owner-occupants alike. One unit will be delivered vacant, allowing for immediate occupancy or rental at market rates. With ample parking on-site, tenants enjoy an added level of convenience rarely found in similar properties. The property is strategically located near major freeways, public transportation, shopping, dining, and all the best that Los Angeles has to offer—ensuring consistent rental demand. These bread-and-butter units are not only priced competitively but also offer a fantastic return on investment in a high-demand rental market. Don’t miss out on this excellent opportunity to expand your portfolio or secure a steady income stream in a prime LA location. Schedule your private showing today!

Price History

Date
Event
Price
07/30/21
Sold
$564,000
09/28/18
Sold
$442,500
Condition Rating
Fair

Built in 1955, this property shows signs of being aged but maintained. While some areas like the living space flooring and paint appear refreshed, the kitchen and bathrooms feature significantly dated elements such as tile countertops, dark wood cabinets, and old-style ceramic tiles, likely from renovations 15-30+ years ago. The electrical panel and water heater appear more modern, suggesting some functional updates, but the overall aesthetic in key areas requires minor to moderate updates to meet current standards.
Pros & Cons

Pros

Strong Income Potential: As a triplex with three individual units, this property offers significant rental income and investment potential in a high-demand Los Angeles market.
Immediate Income & Flexibility: One unit being delivered vacant provides immediate opportunity for an owner-occupant or for a new investor to secure market-rate rental income without delay.
Enhanced Tenant Appeal: The unique configuration of three detached casitas offers superior privacy and a more desirable living experience for tenants compared to typical multi-unit buildings.
Strategic Location & Accessibility: Its prime Los Angeles location, with proximity to major freeways, public transportation, shopping, and dining, ensures consistent rental demand and tenant retention.
Valuable On-Site Parking: The provision of ample on-site parking is a highly sought-after amenity in Los Angeles, adding significant value and appeal to prospective tenants.

Cons

Property Age & System Updates: Built in 1955, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) to meet modern standards and tenant expectations.
Compact Unit Sizes: With 1620 sqft distributed across three 1-bedroom units, each casita is relatively small (~540 sqft), which could limit tenant appeal or rental rates compared to larger units.
Unspecified Renovation Status: While described as 'well-maintained,' the listing does not detail recent major renovations or upgrades, suggesting potential for future capital expenditures to modernize interiors and maximize rental income.

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