1727 W 59th Place, Los Angeles, California 90047, Los Angeles, 90047 - 5 bed, 3 bath

1727 W 59th Place, Los Angeles, California 90047 home-pic-0
ACTIVE$974,900
1727 W 59th Place, Los Angeles, California 90047
5Beds
3Baths
1,600Sqft
5,045Lot
Year Built
1922
Close
-
List price
$975K
Original List price
$979K
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
SB25062877
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,6 Pros. Rank: price - $974.9K(94th), sqft - 1600(76th), beds - 5(94th), baths - 3(82th).

EXCEPTIONAL OPPORTUNITY - TWO HOMES ON ONE LOT! Situated in one of Los Angeles' most vibrant and rapidly growing neighborhoods, we proudly offer a fully remodeled property. The main home features an open and functional floor plan, with a spacious living room that is flooded with natural light. Inside, you'll find beautiful laminate wood flooring throughout. The kitchen boasts white cabinetry, quartz countertops with a stylish backsplash, and stainless steel appliances including a stove and microwave. The front house includes 3 bedrooms, 2 bathrooms, and a separate laundry room, while the back unit offers 2 bedrooms, 1 bathroom, and a full kitchen. Whether you're looking to live in one and rent out the other, or use the back unit as a guest house or for in-laws, the possibilities are endless. Plans are availble to convert into a duplex. All appliances and window treatments to be included with the home. This home has been completely revitalized from top to bottom, with upgrades including new fences, a new roof, an upgraded electrical panel, a new 50-gallon water heater, and a new A/C split unit. Plus, there's a brand new 2-car garage that could potentially be converted into an ADU. Conveniently located near the SoFi Stadium, the 110 Freeway, USC, Downtown Los Angeles, and LAX, this property offers both comfort and potential in a prime location. Seller will consider offers for furniture and furnishings. List available on request.

Nearby schools

2/10
Western Avenue Elementary School
Public,K-50.5mi
3/10
Budlong Avenue Elementary School
Public,K-50.7mi
2/10
Fifty-Ninth Street Elementary School
Public,K-50.7mi
3/10
Seventy-Fourth Street Elementary School
Public,K-51.1mi
3/10
Raymond Avenue Elementary School
Public,K-51.2mi
1/10
Horace Mann Junior High School
Public,6-80.8mi
2/10
John Muir Middle School
Public,6-80.9mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.0mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-121.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-121.4mi
9/10
Middle College High School
Public,9-125.3mi

Price History

Date
Event
Price
02/18/22
Sold
$860,000
07/29/21
Sold
$541,000
Condition Rating
Excellent

Despite being built in 1922, this property has undergone a 'fully remodeled' and 'completely revitalized from top to bottom' renovation. The images confirm modern, high-quality finishes throughout, including new laminate wood flooring, recessed lighting, and new split A/C units. Both kitchens feature white cabinetry, quartz countertops, stylish backsplashes, and stainless steel appliances. The bathrooms are also fully updated with contemporary vanities, modern fixtures, and marble-look tiling. Key systems like the roof, electrical panel, and water heater are new, indicating no deferred maintenance and a virtually new condition.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Dual-Unit Configuration & Income Potential: The property features two distinct units (3 bed/2 bath front, 2 bed/1 bath rear with full kitchen), offering versatile living arrangements, significant rental income potential, or multi-generational living.
Extensive Recent Upgrades: A comprehensive 'top to bottom' revitalization includes a new roof, upgraded electrical panel, new water heater, new fences, and a new A/C split unit, minimizing immediate maintenance for the buyer.
Modern & Updated Interiors: Both units boast contemporary finishes such as laminate wood flooring, white kitchen cabinetry, quartz countertops, stylish backsplash, and stainless steel appliances, providing a move-in ready aesthetic.
ADU Conversion Opportunity: The brand new 2-car garage presents a clear opportunity for future Accessory Dwelling Unit (ADU) conversion, further enhancing property value and income potential.
Strategic Location: Positioned in a 'vibrant and rapidly growing neighborhood,' with convenient access to major hubs like SoFi Stadium, USC, Downtown LA, LAX, and the 110 Freeway, ensuring strong demand and appreciation potential.

Cons

Significant Price Discrepancy: The listing price of $974,900 is considerably higher than the estimated property value of approximately $535,000, suggesting a potential overvaluation that may impact market appeal and financing.
Age of Original Structure: While extensively remodeled, the property's original construction date of 1922 may still present underlying concerns regarding older infrastructure or potential unforeseen issues not covered by the recent upgrades.
Subpar School Ratings: The presence of multiple nearby schools with low ratings (1-3) could be a disadvantage for prospective buyers with school-aged children who prioritize highly-rated educational institutions.

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