1500 W 59th Place, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
This Residential Income Duplex serves as a strategic Value-Add Asset listed at $550,000, representing a stable acquisition price aligned with its $518,451 Fair Market Value. Currently holding a Condition Rating of 5 with significant deferred maintenance, the property offers two 2-bedroom units and a private patio. The detached 2-car garage provides a prime ADU Conversion Potential, allowing for a third revenue stream. Positioned in a high-demand rental pocket near the 9/10 rated Middle College High School, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is extensive renovation needed.
Built in 1926 and marketed as an 'Investor Special,' the property exhibits significant deferred maintenance. Exterior images show peeling stucco and cracked concrete, while the interior features a dated kitchen with mismatched appliances and worn cabinetry. The overall condition suggests the need for substantial rehabilitation and modernization to meet current market standards.
High School: Middle College High School (9/10).
The detached two-car garage presents a prime opportunity for an Accessory Dwelling Unit (ADU) conversion, allowing investors to maximize the lot's utility and add a third income stream.
Featuring two separate 2-bedroom, 1-bathroom units, this duplex offers immediate rental income from two sources, making it an ideal addition to a residential income portfolio.
With each 2-bedroom unit measuring under 600 square feet, the interior layouts are quite small, which may limit the appeal for larger families or tenants seeking more spacious accommodations.
The majority of the assigned local schools carry low performance ratings (1-3), which can be a significant drawback for long-term family tenants and may impact future resale value.
Investor Special | Prime ADU Opportunity in Los Angeles! Unlock the full potential of this income-producing duplex featuring two 2-bedroom, 1 bath units (approx. 578 sq ft each) plus a detached 2-car garage, ideal for an ADU conversion. The front Unit has a Functional open layout with durable tile flooring. The Back Unit has tile flooring in main areas with a private patio, offering added privacy and strong tenant appeal. Situated in a high-demand rental area of Los Angeles, this property is perfectly positioned near shopping, dining, and public transportation, making it highly attractive for long-term tenants.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,156 | 1,922 | 6% |
| Lot Size | 3,363 | 6,002 | 12% |
| Price | $550.0K | $840.0K | 12% |
| Price per sq ft | $476 | $413 | 76% |
| Built year | 1926 | 1943 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 236 | 6% |
Apr 9, 2026
$550,000
Initial Listing