
Los Angeles, California 90044
This Strong Value Opportunity is a Single Family Residence listed at $599,000—positioned well below the $622,184 Fair Market Value by 3%. This valuation gap offers $23,184 in Instant Equity. Featuring a Paid-off Solar System and a permitted bonus room, the property maintains a Condition Rating of 4, balancing immediate utility with long-term ADU development potential. While local school ratings are modest, the seller’s interest rate buydown incentive enhances affordability. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1215 W 59th Street Subject 2 bd · 1 ba · 1,408 sqft · $442 | $599,000* List Price | 2 | 1 | 1,408 | $442 | - |
A 1223 W 69th Active Under Contract 3 bd · 2 ba · 1,587 sqft · $377 · 0.7 mi | $599,000 List Price | 3 | 2 | 1,587 | $377 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this property is well-maintained but dated. The kitchen is described as 'refreshed' with paint rather than fully renovated, and the bathroom features older tile work and fixtures consistent with a 20+ year old remodel. While the paid-off solar is a major system plus, the overall interior finishes and age of the primary wet areas necessitate future updates.
High School: Middle College High School (9/10).
The property features a fully paid-off solar panel system with no liens, offering the new owner immediate energy savings and increased home value without the burden of monthly lease or loan payments.
The seller's willingness to contribute toward a temporary or permanent interest rate buydown provides a substantial financial advantage, making the monthly mortgage more affordable for qualified buyers.
With 1,408 square feet of living space and a bonus room, the presence of only one bathroom may be a functional drawback for families or those who frequently host guests.
The majority of the immediate public schools are rated between 2 and 3 out of 10, which may be a concern for families prioritizing high-performing educational districts and could impact future resale velocity.
Paid off Solar!! *Seller is willing to contribute toward a temporary or permanent interest rate buydown for qualified buyers with an acceptable offer*. Welcome to 1215 W. 59th Street, a charming Los Angeles home offering approximately 1,408 sq. ft. of living space. The refreshed kitchen features newly painted cabinetry and an updated, clean look, while a permitted bonus room provides versatile space for a home office, den, hobby room, or other use. The home also features a separate laundry room for added convenience. Outside, you'll find a detached one-car garage offering excellent parking and storage, along with potential for future ADU conversion or development. Buyers are encouraged to independently verify ADU feasibility, zoning, permitting requirements, and allowable uses with the City of Los Angeles. Adding even more value is a **Paid off solar panel system with no lien**, allowing the new owner to enjoy the benefits of solar without a lease or solar loan payment. Conveniently located with access to shopping, dining, transportation, and major Los Angeles thoroughfares, this property offers a combination of space, flexibility, and future possibilities. Whether enjoying the home as it is today or exploring ways to maximize the property's potential, 1215 W. 59th Street is ready for its next owner.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,408 | 1,670.836 |
| Lot Size | 4,807 | 6,152.156 |
| Price | $599.0K | $1.34M |
| Price per sq ft | $425 | $807 |
| Built year | 1921 | 1941 |
| HOA | $0 | $238 |
| Days on market | 35 | 56 |
Oct 5, 2026
$599,000
Initial Listing
Oct 20, 2011
$170,000
Public Record
Mar 8, 2004
$200,000
Public Record