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1500 W 59th Place, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath

1500 W 59th Place, Los Angeles, California 90047 home-pic-0
ACTIVE$574,999
1500 W 59th Place, Los Angeles, California 90047
0Bed
0Bath
1,156Sqft
3,363Lot
Year Built
1926
Close
-
List price
$575K
Original List price
$595K
Price/Sqft
$497
HOA
-
Days on market
-
Sold On
-
MLS number
DW25115815
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $575.0K(11th), sqft - 1156(5th), beds - undefined(50th), baths - undefined(50th).

I proudly present to you this charming 2 Unit property in a well established neighborhood of Los Angeles. Don’t miss this incredible investment opportunity! This duplex offers two spacious units, each featuring 2 bedrooms and 1 bathroom, perfect for owner-occupants or savvy investors. Situated just minutes from downtown Los Angeles, this property boasts a prime location with easy access to schools, supermarkets, transportation and more. Whether you choose to live in one unit and rent out the other, or lease both for maximum income potential, this duplex is brimming with possibility and upside. With strong rental demand in the area and room for updates, this property offers both immediate value and long-term growth. Schedule your showing today and explore the potential this duplex has to offer!

Nearby schools

3/10
Budlong Avenue Elementary School
Public,•K-5•0.4mi
2/10
Western Avenue Elementary School
Public,•K-5•0.6mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.0mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
2/10
John Muir Middle School
Public,•6-8•0.6mi
1/10
Horace Mann Junior High School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.7mi
9/10
Middle College High School
Public,•9-12•5.1mi

Price History

Date
Event
Price
09/30/25
Price Change
$574,999-0.0%
08/06/25
$575,000
05/28/25
$595,000
Condition Rating
Poor
Built in 1926, this property is nearly 100 years old. The exterior images reveal significant deferred maintenance, including heavily rusted gates, a weathered facade, an old TV antenna, and an unkempt yard. The MLS description explicitly states 'room for updates,' which for a property of this age, strongly indicates that substantial repairs and rehabilitation are needed. Without interior photos, it's highly probable that the kitchen and bathrooms are severely outdated and require complete renovation, and major systems (electrical, plumbing, HVAC) are likely at or beyond their expected lifespan, necessitating significant investment to bring the property to modern standards.
Pros & Cons

Pros

Income-Generating Duplex: The property is a 2-unit duplex, offering significant investment potential for rental income or owner-occupancy with supplemental income, catering to strong rental demand in the area.
Prime Los Angeles Location: Situated minutes from downtown Los Angeles, it provides easy access to schools, supermarkets, and transportation, enhancing its desirability for tenants and residents.
Strong Rental Market: The description highlights strong rental demand in the area, suggesting a reliable income stream and high occupancy rates for investors.
Recent Price Reduction: The list price has seen a reduction from $595,000 to $574,999, potentially offering a more competitive and attractive entry point for prospective buyers.
Established Neighborhood: Located in a well-established Los Angeles neighborhood, which often implies community stability and consistent demand.

Cons

Age of Property & Need for Updates: Built in 1926, the property is nearly a century old, indicating a high likelihood of requiring significant updates, renovations, and potential system replacements (plumbing, electrical) which could incur substantial costs.
Small Unit Sizes: With a total of 1156 sqft for two 2-bedroom, 1-bathroom units, each unit is relatively small (~578 sqft), which may limit appeal to tenants or buyers seeking more spacious living arrangements.
Low-Rated Nearby Schools: Several public schools in the immediate vicinity have low ratings (e.g., 1s and 2s), which could be a deterrent for families with school-aged children and potentially impact long-term appreciation.

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