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1318 E 59th Place, Los Angeles, CA 90001

Los Angeles
Local realty services provided by:CENTURY 21 Fort Bragg Realty
1318 E 59th Place,Los Angeles, CA 90001
$950,000
  • 7 Beds
  • 5 Baths
  • 2,415 sq. ft.
  • Multi-family
  • Active
Listed by: casey lins, vincent cook
Office: kidder mathews of california, inc.858-369-3010
MLS#:26848799
Source:CRMLS

Price summary

  • Price:$950,000
  • Price per sq. ft.:$393.37

About this home

We are pleased to present 1318 E. 59th Place, a four-unit multifamily investment opportunity in South Los Angeles, offered at a 9.13 GRM and 7.53% CAP rate based on current income. The property also presents meaningful rental upside, with the potential to achieve a 7.78 GRM and 9.38% CAP rate upon stabilization at market rents. NOTE: There is potential to deliver 1 unit VACANT at closing (contact broker for details). The property consists of two separate buildings totaling approximately 2,415 rentable square feet. Constructed in 1956, the improvements are situated on a 5,690 square foot LCR3YY-zoned lot and feature tandem driveway parking on both sides of the property. The unit mix includes three (3) one-bedroom/one-bathroom units and one (1) four-bedroom/one-bathroom unit, providing a desirable combination of smaller and larger floorplans. Conveniently located just east of the 110 Freeway and south of Slauson Avenue, the property benefits from excellent accessibility throughout the...

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Home facts

  • Year built:1956
  • Listing ID #:26848799
  • Added:1 day(s) ago
  • Updated:June 18, 2026 at 02:35 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Living area:2,415 sq. ft.

Structure and exterior

  • Year built:1956
  • Building area:2,415 sq. ft.
  • Lot area:0.13 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$950,000
  • Price per sq. ft.:$393.37

Parking

  • Total parking spaces:6
  • Parking description:Driveway
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Fort Bragg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Fort Bragg Realty, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Paul Clark

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