3327 W 59th Place, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 1 bath

3327 W 59th Place, Los Angeles, California 90043 home-pic-0
ACTIVE$1,000,000
3327 W 59th Place, Los Angeles, California 90043
3Beds
1Bath
1,116Sqft
6,740Lot
Year Built
1923
Close
-
List price
$1M
Original List price
$1.2M
Price/Sqft
$896
HOA
-
Days on market
-
Sold On
-
MLS number
PW24236000
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 2 Cons,3 Pros. Rank: price - $1.00M(58th), sqft - 1116(21th), beds - 3(50th), baths - 1(23th).

Attention Developers & Investors! Unlock the potential of this prime property in a thriving neighborhood! This rare opportunity invites you to build a multi-unit property and generate substantial rental income. Currently featuring a 3-bedroom, 1-bathroom structure, this property is a canvas waiting for your vision. Location, location, location! Perfectly positioned near schools, parks, shopping centers, and major freeway access, this gem is steps away from the Rail to River Active Transportation Corridor—a newly constructed bike and pedestrian path. It's also just a few blocks from the Crenshaw/LAX "K" Line, providing seamless transit options. Enjoy proximity to Edward Vincent Jr. Park, and the world-class entertainment hub of Inglewood, featuring SoFi Stadium, YouTube Theater, Kia Forum, and the upcoming Intuit Dome. Beach cities, LAX, and the 405, 105, and 110 freeways are just minutes away—everything you need is at your fingertips. Capitalize on this incredible opportunity in a highly sought-after area with a booming real estate market. Don’t wait—schedule a visit today and bring your investment dreams to life!

Nearby schools

2/10
Yes Academy
Public,K-50.5mi
2/10
Fifty-Ninth Street Elementary School
Public,K-50.6mi
3/10
Angeles Mesa Elementary School
Public,K-50.8mi
2/10
Fifty-Fourth Street Elementary School
Public,K-50.8mi
4/10
Centinela Elementary School
Public,K-61.1mi
3/10
Seventy-Fourth Street Elementary School
Public,K-51.3mi
1/10
Lane (Warren) Elementary School
Public,K-61.4mi
2/10
Forty-Second Street Elementary School
Public,K-51.5mi
3/10
Windsor Hills Math Science
Public,K-51.6mi
1/10
Horace Mann Junior High School
Public,6-81.3mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.6mi
2/10
Audubon Middle School
Public,6-81.6mi
3/10
Parent (Frank D.) Elementary School
Public,K-82.6mi
2/10
Crozier (George W.) Middle School
Public,7-82.6mi
/10
Monroe (Albert F.) Middle School
Public,6-83.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-120.8mi
2/10
Inglewood High School
Public,9-122.3mi
2/10
George Washington Preparatory High School
Public,9-123.7mi
9/10
Middle College High School
Public,9-126.2mi
Condition Rating
Poor

The property was built in 1923 and appears to need substantial repairs and rehabilitation. The kitchen and bathroom are outdated. The listing itself suggests the property is primarily valuable for redevelopment, indicating its current state is not ideal for living.
Pros & Cons

Pros

Development Opportunity: The property presents a rare opportunity for developers to build a multi-unit property in a desirable location, potentially generating substantial rental income.
Prime Location: Located near schools, parks, shopping centers, major freeways, and public transportation (Rail to River Active Transportation Corridor and Crenshaw/LAX 'K' Line), offering convenient access to amenities and transportation.
Proximity to Entertainment: Close proximity to major entertainment venues like SoFi Stadium, YouTube Theater, Kia Forum, and the upcoming Intuit Dome, enhancing its appeal to potential tenants or buyers.

Cons

Existing Structure Condition: The existing 3-bedroom, 1-bathroom structure may require significant renovation or demolition, adding to the overall project cost.
Year Built: Built in 1923, the existing structure may have outdated systems and require upgrades to meet modern building codes and standards.

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