1407 W 59th Place W, Los Angeles, California 90047, Los Angeles, 90047 - 4 bed, 4 bath

1407 W 59th Place W, Los Angeles, California 90047 home-pic-0
ACTIVE$989,999
1407 W 59th Place W, Los Angeles, California 90047
4Beds
4Baths
1,600Sqft
3,360Lot
Year Built
2025
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
$619
HOA
-
Days on market
-
Sold On
-
MLS number
DW25082188
Home ConditionExcellent
Features
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $990.0K(95th), sqft - 1600(76th), beds - 4(81th), baths - 4(95th).

GREAT OPPORTUNITY TO PURCHASE A BRAND NEW 2025 FRESHLY BUILT PROPERTY IN THE HEART OF METROPOLITAN SOUTH LOS ANGELES WITH EASY ACCESS TO ALL MAJOR FREEWAYS AND TRANSPORTATION TO ALL MAJOR SPORTING VENUES, AIRPORTS, DOWNTON L.A, NIGHTLIFE, SHOPPING AND DINNING. THE PROPERTY CONSISTS OF 2 BUILDINGS, A 2 STORY SFR AND A ADU ABOVE A 2-CAR GARAGE WITH EXTRA PARKING AND YARD SPACE. THE FRONT SFR FEATURES A 2-STORY HOME WITH 3 BEDROOMS AND 3 BATHS 2 1 BEDROOMS AND BATHROOM DOWNSTAIRS, A MASTER BEDROOM UPSTAIRS, AND A JR MASTER BEDROOM UPSTAIRS, OTHER FEATURES INSIDE LAUNDRY HOOKUPS, QUARTZ COUNTERS, UP-TO-DATE AND CUSTOM KITCHEN CABINETRY, 2 FULL BATHS AND A COMMON 3/4 BATH WITH SHOWER DOWNSTAIRS, CENTRAL AIR CONDITIONING AND HEATING, TANKLESS WATER HEATER AND LEASED SOLAR PANELS WICH NEW NUYER WILL HAVE TO APPLY FOR. THE PROPERTY HAS BEEN BUILT WITH ALL UP-TO-DATE CALIFORNIA ENERGY EFFICIENT CODES. DOUBLE PANE WINDOWS, TILE AND LAMINATE FLOORING THROUGHOUT, TILED BATHROOMS, THE REAR ADU IS A SEPARATE STRUCTURE ABOVE THE 2 CAR GARAGE WITH A GATED 2 OPEN COMPACT CAR PARKING SPACES WITH ALLEY ACCESS TO PARKING AND GARAGE IT FEATURES 1 BEDROOM 1 BATH, CUSTOM CABINETRY WITH QUARTZ COUNTER TOPS TILED BATHROOM, LAMINATE FLOORING, CENTRAL AIR CONDITIONING AND HEATING SOLAR PANELS SEPARATE GAS AND ELECTRIC METERS.

Nearby schools

3/10
Budlong Avenue Elementary School
Public,K-50.3mi
2/10
Western Avenue Elementary School
Public,K-50.6mi
3/10
Raymond Avenue Elementary School
Public,K-51.1mi
2/10
Fifty-Ninth Street Elementary School
Public,K-51.1mi
3/10
Seventy-Fourth Street Elementary School
Public,K-51.3mi
2/10
John Muir Middle School
Public,6-80.5mi
1/10
Horace Mann Junior High School
Public,6-81.0mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-120.7mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-121.8mi
9/10
Middle College High School
Public,9-125.0mi

Price History

Date
Event
Price
10/17/12
Sold
$750,000
Condition Rating
Excellent

This is a brand new property built in 2025, featuring modern design, up-to-date energy-efficient codes, and high-quality finishes throughout. The kitchen boasts quartz countertops, custom cabinetry, and new stainless steel appliances. Bathrooms are tiled with modern vanities and fixtures. All components are new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
New Construction (2025): The property is a brand new, freshly built home for 2025, ensuring modern design, up-to-date building codes, and energy efficiency.
Income-Generating ADU: Includes a separate Accessory Dwelling Unit (ADU) above the garage with its own bedroom, bathroom, kitchen, HVAC, and separate meters, offering significant rental income potential or multi-generational living options.
Modern Amenities & Energy Efficiency: Equipped with high-end finishes such as quartz counters, custom kitchen cabinetry, central air conditioning and heating, tankless water heater, and double-pane windows, all built to California energy-efficient codes.
Strategic Location: Located in the heart of Metropolitan South Los Angeles, providing easy access to major freeways, public transportation, sporting venues, airports, Downtown L.A., nightlife, shopping, and dining.
Ample Parking & Yard Space: Features extra parking and yard space, including a gated 2-car garage and additional compact parking spaces with alley access.

Cons

Leased Solar Panels: The solar panels are leased, requiring the new buyer to apply for and assume the existing lease agreement, which represents an ongoing financial obligation.
Compact Parking Spaces: The additional parking consists of '2 open compact car parking spaces,' which may be restrictive for larger vehicles or households requiring more substantial parking.
Smaller Lot Size: With a lot size of 3,360 sqft, the property offers a relatively modest outdoor footprint, potentially limiting extensive landscaping or recreational space.

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