1318 E 59th Place, Los Angeles, CA 90001

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
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:99 day(s) ago
  • Updated:September 24, 2026 at 11:07 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
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