154 W 59th Pl, Los Angeles, California 90003, Los Angeles, 90003 - 6 bed, 4 bath

154 W 59th Pl, Los Angeles, California 90003 home-pic-0
ACTIVE$750,000
154 W 59th Pl, Los Angeles, California 90003
6Beds
4Baths
2,984Sqft
5,415Lot
Year Built
1923
Close
-
List price
$750K
Original List price
$775K
Price/Sqft
$251
HOA
-
Days on market
-
Sold On
-
MLS number
PW25126414
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $750.0K(50th), sqft - 2984(90th), beds - 6(93th), baths - 4(90th).

Investor Opportunity - 4 Unit property. Rare chance to own a fully tenant occupied in Los Angeles. Perfect for any investor seeking steady income. Property is close to the 110 freeway. This location offers strong tenant demand and long term tenant appeal. The property will be delivered as-is, with tenants. Don't miss out on the income-generating property in L.A. area. Agent to please verify all information and do their due diligence.

Price History

Date
Event
Price
08/09/25
Price Change
$750,000
06/05/25
Listing
$775,000
04/01/03
Sold
$280,500
11/27/02
Sold
$356,895
02/06/01
Sold
$315,000
11/09/99
Sold
$174,000
Condition Rating
Poor

Built in 1923, this property is over 100 years old. The exterior images show significant wear, peeling paint, and an overall dated appearance, indicating a lack of recent maintenance. The listing explicitly states 'delivered as-is' and is marketed as an 'investor opportunity' for its income potential, not its condition. Crucially, the absence of any interior photos, especially of kitchens and bathrooms, strongly suggests these areas are in very poor, outdated, or even dilapidated condition, requiring substantial renovation. Major systems are likely at or beyond their expected lifespan, necessitating significant repairs and rehabilitation.
Pros & Cons

Pros

Investment Opportunity: A rare 4-unit residential income property, ideal for investors seeking steady cash flow.
Immediate Cash Flow: Delivered fully tenant-occupied, ensuring immediate rental income and eliminating initial vacancy risk.
Desirable Location: Located in Los Angeles, a high-demand market with strong rental appeal and potential for long-term appreciation.
Market Stability: The area boasts strong tenant demand and long-term tenant appeal, contributing to stable occupancy.
Transportation Access: Proximity to the 110 freeway provides excellent accessibility for tenants, enhancing convenience.

Cons

Potential for Repairs: Sold in 'as-is' condition, which may necessitate additional investment for repairs, upgrades, or deferred maintenance.
Tenant Occupancy Constraints: Delivered with existing tenants, which could complicate plans for owner-occupancy, significant renovations, or rent adjustments due to tenant protection laws.
Property Age: Built in 1923, the property's age may imply potential for outdated systems and higher ongoing maintenance costs.

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