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
Property Price
SUMMARY
Analysis of 1407 W 59th Place W, Los Angeles, California 90047 reveals a property with a current list price of $989,000, which is 4% above the estimated $944,959 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 W 59th Place W Subject | $989,000* List Price | 4 | 4 | 1,600 | $591 | - |
A 1438 W 69th Street Sold | $754,500 | 4 | 2 | 1,317 | $573 | 0.7 mi |
B 5923 Haas Avenue Sold | $1,137,990 | 5 | 4 | 1,729 | $658 | 0.9 mi |
C 1941 W 68th Street Pending | $749,999 List Price | 2 | 2 | 1,520 | $493 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a brand new property built in 2025, meeting all criteria for an 'excellent' rating. The description explicitly states 'freshly built' with 'up-to-date and custom kitchen cabinetry,' 'quartz counters,' 'central air conditioning and heating,' 'tankless water heater,' and 'leased solar panels.' Images confirm modern, new kitchens and bathrooms with contemporary finishes, laminate/tile flooring throughout, and no signs of wear or deferred maintenance. All systems and finishes are new and meet current quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Brand New Construction
Built in 2025, this property offers modern design, up-to-date building codes, and minimal immediate maintenance concerns, providing a move-in ready experience.
- Income-Generating ADU
The property includes a separate 1-bedroom, 1-bathroom ADU above a 2-car garage with its own utilities and parking, offering significant rental income potential or flexible multi-generational living.
- Modern Amenities & Energy Efficiency
Equipped with central air conditioning and heating, tankless water heater, quartz countertops, custom kitchen cabinetry, double-pane windows, and built to California energy-efficient codes.
CONSRISKS & DEFICIENCIES
- Leased Solar Panels
The solar panels are leased, meaning the new buyer will need to apply for the lease transfer, which involves an ongoing financial commitment and potential administrative complexities.
- Low-Rated Nearby Schools
Several public schools in the immediate vicinity have low ratings (ranging from 1 to 3), which could be a significant concern for families prioritizing high-quality education.
- Compact Lot Size
The 3360 sqft lot is relatively small for a property featuring two structures and additional parking, potentially limiting private outdoor space and overall spaciousness.
About 1407 W 59th Place W
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2025
- Lot Size
- 3,360 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Budlong Avenue Elementary School
Grades K-5 • 0.3 mi
Western Avenue Elementary School
Grades K-5 • 0.6 mi
Raymond Avenue Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 83% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 1,600 | 1,373 | 76% |
| Lot Size | 3,360 | 5,402 | 4% |
| Price | $989.0K | $725.0K | 97% |
| Price per sq ft | $618 | $522 | 81% |
| Built year | 2025 | 1931 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 304 | 184 | 98% |
Pricing History
Listed for Sale
May 6, 2025
$989,000
Initial Listing
Sold
Oct 17, 2012
$750,000
Public Record