121 N Avenue 59, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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121 N Avenue 59
Los Angeles, California 90042
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,577Sq Ft
4,553Lot Size
Property Price
LIST PRICE$1,368,000
EST. MARKET VALUE
$1,257,865
8% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,368,000—positioned well below the $1,257,866 Fair Market Value by -8%. While the home requires updates, its Fair Condition Rating and Commercial Zoning provide significant upside for forced appreciation. The flexible 4-bedroom layout and attached garage offer excellent utility for creative development. Located in a prime, walkable Highland Park pocket, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through renovation.
Estimated Market Value
$1,257,865
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 N Avenue 59 Subject | $1,368,000* List Price | 4 | 2 | 1,577 | $798 | - |
A 1393 N Avenue 57 Sold | $1,200,000 | 3 | 3 | 1,521 | $789 | 1.0 mi |
B 231 N Avenue 60 Sold | $978,000 | 3 | 2 | 1,588 | $616 | 0.1 mi |
C 712 S Avenue 60 Sold | $975,000 | 3 | 2 | 1,254 | $778 | 0.8 mi |
D 201 N Avenue 52 Sold | $1,130,750 | 2 | 1 | 1,060 | $1,067 | 0.6 mi |
E 1418 N Avenue 55 Sold | $995,000 | 2 | 1 | 1,042 | $955 | 0.8 mi |
F 5943 Benner Active | $995,000 List Price | 3 | 2 | 1,222 | $814 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1933, the home features a kitchen renovation that appears to be 15-25 years old with dated finishes. While the interior is clean and staged, the listing explicitly mentions the need for 'TLC,' suggesting that major systems and cosmetic elements are beyond their prime and require updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in one of Highland Park's most desirable pockets, the property offers exceptional walkability to the vibrant dining, shopping, and nightlife along Figueroa Street.
- Commercial Zoning Flexibility
The property's commercial zoning provides rare and valuable flexibility for future use, offering potential for business applications or creative development beyond standard residential limits.
- Architectural Character & Versatility
This 1933 Spanish-style home features a flexible 4-bedroom layout and a 400 SF attached garage, providing a charming foundation for a home office, studio, or gym.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted as needing 'TLC,' suggesting that buyers will need to budget for significant renovation and repair costs to realize the home's full potential.
- Lack of Scenic Views
Unlike many properties in the hilly Highland Park area that offer city or canyon vistas, this residence is listed as having no views, which may impact its competitive market appeal.
About 121 N Avenue 59
Charming and full of character, this 4-bedroom, 2-bath Spanish home sits in one of Highland Park's most exciting and walkable pockets just off Figueroa and Avenue 59. The home offers a spacious layout with great natural charm and an approximately 400 SF attached garage that provides even more usable space. With a little TLC, it could be transformed into a truly unique Highland Park retreat just steps from some of the neighborhood's best restaurants, coffee shops, bars, boutiques and local favorites. The flexible layout also makes it easy to create a home office, studio, gym or additional hangout space. The property is commercially zoned as well which offers added flexibility for future uses possibilities if desired. Vacant, easy to show and ready for someone to make it their own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1933
- Lot Size
- 4,553 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,577 | 1,664.159 |
| Lot Size | 4,553 | 6,066.556 |
| Price | $1.37M | $1.35M |
| Price per sq ft | $867 | $806 |
| Built year | 1933 | 1939 |
| HOA | $0 | $278 |
| Days on market | 15 | 55 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,368,000
Initial Listing
Sold
Nov 18, 2015
$575,000
Public Record