142 W 59th, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
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Los Angeles, California 90003
This property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $620,016 Fair Market Value by -12%. While the property requires significant capital for a full rehab due to its Fair Condition Rating, the generous 5,410 sqft lot provides excellent Development Potential for an ADU. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors looking to leverage the 1,474 sqft footprint to unlock long-term rental income and forced appreciation in the Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 142 W 59th Subject | $700,000* List Price | 3 | 2 | 1,474 | $421 | - |
A 205 E 64th Sold | $610,000 | 3 | 2 | 1,500 | $407 | 0.4 mi |
B 240 E Gage Avenue Sold | $690,000 | 4 | 2 | 1,336 | $516 | 0.4 mi |
C 504 E 67th Street Sold | $630,000 | 3 | 1 | 1,036 | $608 | 0.7 mi |
D 5852 S Olive Pending | $525,000 List Price | 4 | 3 | 1,450 | $362 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912 with no mention of recent renovations, this property is over 100 years old. The listing's focus on 'investors,' 'developers,' and 'value-add' potential, combined with exterior images showing deferred maintenance, indicates that the kitchen, baths, and systems likely require a full rehab.
The generous 5,410 sqft lot offers significant upside with the potential to add an additional unit or ADU, providing a prime opportunity for rental income or increased property value.
With a solid foundation and a need for cosmetic updates, this property allows investors or homeowners to build immediate equity through strategic renovations and modernization.
The 1,474 sqft layout featuring 3 bedrooms and 2 bathrooms provides a substantial and versatile footprint that is highly desirable for families in the Los Angeles market.
Built in 1912, the property requires cosmetic updates and likely modernization of older systems, which may necessitate a significant upfront capital investment.
The property lacks any scenic views, which may limit its competitive edge compared to other residential listings in the broader metropolitan area.
Opportunity knocks! This charming property offers incredible potential for homeowners, investors, or developers looking to add value. While the home could benefit from some cosmetic updates, it features a solid foundation and endless possibilities to make it your own. Situated on a generous lot, the property may offer the opportunity to add an additional unit (buyer to verify all zoning, permits, and development possibilities with the appropriate city agencies). Whether you’re looking to renovate, expand, or create additional income potential, this is a rare chance to unlock significant upside in a desirable Los Angeles location. Don’t miss this value-add opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 55% |
| Square foot | 1,474 | 1,029 | 84% |
| Lot Size | 5,410 | 5,182.5 | 70% |
| Price | $700.0K | $619.5K | 91% |
| Price per sq ft | $475 | $531 | 30% |
| Built year | 1912 | 1924 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 183 | 5% |
Jun 3, 2026
$700,000
Initial Listing