1541 W 59th, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
This Versatile Residential Income Triplex is a Prime Investment Opportunity, listed at $875,000—positioned well below the $919,998 Fair Market Value by 4%. This valuation gap offers $44,998 in Instant Equity for buyers. The property features a Legally Converted ADU and recent Modern Renovations, including contemporary bathroom finishes, maintaining a Condition Rating of 3. Located near major freeways and the top-tier Middle College High School (9/10), this asset ensures high rental demand. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1541 W 59th Subject | $875,000* List Price | 0 | 0 | 1,971 | $467 | - |
A 1722 W 60th Place Sold | $820,000 | 0 | 0 | 1,742 | $471 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was originally built in 1941, it features significant recent renovations including a modern bathroom with contemporary marble-style tiling and a walk-in shower. The inclusion of a legally converted ADU suggests recent capital improvements, making the units move-in ready despite the 'as-is' sale condition and older exterior aesthetic.
High School: Middle College High School (9/10).
This triplex configuration, featuring three 1-bedroom units, offers exceptional versatility for investors or owner-users seeking to generate significant rental income or facilitate multigenerational living.
The inclusion of a legally converted ADU as the third unit adds substantial verified value and ensures compliance with local zoning, reducing risk for the buyer compared to unpermitted additions.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1971, other record living area = 1552.
The property is being sold in its current 'as-is' condition, which likely implies deferred maintenance or the need for capital improvements to reach its full market potential.
The majority of assigned public schools in the immediate area have low ratings (1-3), which may limit the property's appeal to families and impact future appreciation rates.
Excellent purchase opportunity in the heart of Los Angeles. This triplex offers a versatile layout ideal for investors or owner-users looking to live in one unit while generating rental income from the others. The property features three units, including a legally converted ADU as the third unit, providing strong income potential and added value. This setup offers flexibility for multigenerational living, extended family use, or maximizing rental returns. Conveniently located near major freeways, schools, shopping, and employment centers, making it highly desirable for both tenants and homeowners. This is a great opportunity to build long-term wealth and add value over time. Perfect for buyers looking to take advantage of today’s market and secure a solid real estate investment. Property is being sold in its current “as-is” condition. Don’t miss the chance to own an income producing property in a high demand area.1 Bed/1 Bath each unit.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 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 | 1,971 | 1,948 | 53% |
| Lot Size | 4,480 | 6,002 | 12% |
| Price | $875.0K | $875.0K | 50% |
| Price per sq ft | $444 | $413 | 65% |
| Built year | 1941 | 1943 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 236 | 6% |
Mar 26, 2026
$875,000
Initial Listing
Jan 21, 2020
$585,000
Public Record
Jul 6, 2018
$391,000
Public Record