1318 E 59th Place, Los Angeles, CA 90001

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1318 E 59th Place,Los Angeles, CA 90001
$950,000
  • 7 Beds
  • - Baths
  • 2,415 sq. ft.
  • Multi-family
  • Active
Listed by: casey lins, vincent cook
Office: kidder mathews of california, inc.
MLS#:CL26848799
Source:Bay East, CCAR, bridgeMLS

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 #:CL26848799
  • Added:49 day(s) ago
  • Updated:August 06, 2026 at 02:22 PM

Rooms and interior

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

Structure and exterior

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

Finances and disclosures

  • Price:$950,000
  • Price per sq. ft.:$393.37
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 6, 2026

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