121 N Avenue 59, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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Los Angeles, California 90042
This Spanish Bungalow Asset represents a strategic acquisition in the thriving Figueroa corridor, featuring a List Price of $1,450,000 and a $1,362,534 Fair Market Value. While priced for its future upside, the property’s Versatile C4 Zoning and Condition Rating of 4 provide a clear path for forced appreciation through renovation. The 1,577 SF structure includes an oversized 400 SF HVAC-equipped garage and immediate income potential near the Metro Gold Line. This high-utility opportunity is perfectly suited for Owner-Users or Commercial Investors looking to secure a foothold in the growing Highland Park market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 N Avenue 59 Subject | $1,375,000* List Price | 4 | 2 | 1,577 | $816 | - |
A 5830 Fayette Sold | $997,000 | 3 | 2 | 1,488 | $670 | 0.5 mi |
B 231 N Avenue 60 Sold | $978,000 | 3 | 2 | 1,588 | $616 | 0.1 mi |
C 300 La Follette Drive Sold | $1,195,000 | 3 | 2 | 1,710 | $699 | 0.3 mi |
D 561 Meridian Terrace Sold | $1,200,000 | 3 | 2 | 1,176 | $1,020 | 0.7 mi |
E 5131 San Rafael Avenue Active | $999,999 List Price | 3 | 2 | 1,632 | $613 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1933, this property has undergone some updates, including a kitchen with white shaker cabinets and granite countertops, and a bathroom with newer tiling and a traditional vanity. However, these renovations appear to be approximately 15-20 years old. The listing description explicitly mentions the need for 'TLC,' and the presence of window AC units and older electrical/lighting fixtures suggests that while the home is maintained and functional, it requires minor updates to meet modern standards.
Situated in the heart of Highland Park's renaissance near Figueroa, the property boasts excellent walkability, proximity to the Metro Gold Line, and 36 public parking spaces directly across the street.
The C4 zoning designation offers significant flexibility for owner-users or investors, allowing for a wide range of commercial, retail, or residential uses in a high-growth corridor.
The property provides immediate income via an existing lease and features an oversized 400 SF garage with its own HVAC system that can be leased separately or integrated into the main structure.
The 1930s structure is noted as needing 'TLC,' indicating that a buyer will likely need to invest additional capital into repairs and renovations to realize the property's full value.
Currently occupied by a non-profit tenant, the property requires appointments for tours and may present challenges for buyers seeking immediate vacant possession for their own use.
Be part of the North Avenue 59's renaissance just off Figueroa! Updated pricing to reflect $695 per square foot if including the oversized 400 SF garage! Located next door to Comet Over Delphi, Made by Pilates, and Planned Parenthood, this owner-user opportunity offers flexibility for a wide range of uses under C4 zoning. Currently leased to a non-profit, the property provides immediate income with future upside. Just up the block from the Metro Gold Line, the location offers convenient access from across Los Angeles, along with 36 public parking spaces across the street. Figueroa has established itself as one of LA's premier corridors for coffee, dining, retail, and nightlife, making this an ideal setting for a home or business looking to tap into Highland Park's continued growth.The property is a charming 1930s Spanish bungalow, built during the early days of Highland Park. With a bit of TLC, this 4bd + 2bth it can be transformed into a variety of uses with by right city approvals required. The oversized ~400 SF attached garage includes its own HVAC system and can be leased separately or seamlessly integrated into the main structure.Tours are by appointment only. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,577 | 1,427 | 65% |
| Lot Size | 4,553 | 5,401 | 25% |
| Price | $1.38M | $1.23M | 66% |
| Price per sq ft | $872 | $890 | 45% |
| Built year | 1933 | 1924 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 175 | 2% |
Apr 15, 2026
$1,375,000
$1,450,000
-5% Price Drop
Initial Listing
Mar 18, 2026
$1,450,000
Initial Listing
Nov 18, 2015
$575,000
Public Record