1601 59th Place, Los Angeles

$925,000

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4 Beds
4 Baths
.15 Acre
4 Garages

Quadruplex opportunity. This property consists of 3 detached buildings - 2-duplex structures and 4 side-by-side one car garage spaces on over 6500 sqft lot. All units are 1-bedroom 1-bath with their own laundry space. Each unit is separately metered for gas and electrical.

Live in one and rent the others or continue with the tenants in place. Great opportunity to convert the garages to ADU(s) for additional income.

All exterior has recently gone thru stucco repairs and paint (2022), elastomeric coating on all roofs in 2022, 6 energy efficient vinyl windows replaced in 2022 for each unit, 3 units have had flooring replaced since 2021. One unit has been completely gutted and renovated in 2021 including new water lines, drainage, electrical. The garage rolling iron gate is new (2023) and a new concrete driveway space was added for additional income.

Great location close to shopping two blocks away and two blocks from the upcoming METRO Rail-to-River project coming soon which makes this a great investment.

Essential Information

MLS® #
DW24080555
Price
$925,000
Bedrooms
4
Bathrooms
4.00
Acres
0.15
Year Built
1938
Type
Residential Income
Sub-Type
Quadruplex
Status
Active

Community Information

Address
1601 59th Place
Area
699 - Not Defined
City
Los Angeles
County
Los Angeles
Zip Code
90047
Community Features
Sidewalks
Senior Community
N

Amenities

Parking Spaces
4
# of Garages
4
View
None
Pool
None

Interior

Interior Features
All Bedrooms Down
Cooling
Wall/Window Unit(s)
Fireplaces
None
# of Stories
1
Stories
One

Exterior

Lot Description
Corner Lot

Additional Information

Date Listed
April 22nd, 2024
Days on Market
22
Zoning
LAR1

Listing Details

Agent
Rigoberto Barraza
Office
Keller Williams Pacific Estate

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Based on information from California Regional Multiple Listing Service, Inc. as of May 14th, 2024 at 10:27am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.