1541 W 59th Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$850,000
1541 W 59th Street, Los Angeles, California 90047
0Bed
0Bath
1,971Sqft
4,480Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Age of Property: Built in 1941, the property may require significant updates to plumbing, electrical, and other systems, potentially leading to higher maintenance costs.
Compared to the nearby listings
Price:$850.0K vs avg $840.0K (+$10,000)53%
Size:1,971 sqft vs avg 1,925 sqft53%
Price/sqft:$431 vs avg $40758%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property shows signs of some recent cosmetic and functional updates, such as new windows in at least one unit, modern-looking laminate flooring, and updated lighting in a hallway. The description also notes in-unit laundry in two units and separate utility meters, indicating some investment in tenant amenities and infrastructure. However, without any images of the kitchens or bathrooms, which are critical areas for condition assessment, it's difficult to confirm a higher score. Given its age, it's highly probable that major systems (plumbing, electrical) may be outdated, and the unseen kitchens and bathrooms likely require significant updates to meet current standards, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
Year Built
1941
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
WS24227521
Home ConditionFair
Features
View-
About this home
Fantastic investment opportunity in a prime South LA location. Welcome to this triplex that offers 3 units (1 bed/1bath each) + in unit laundry room in two units (front units) Each unit has its own separate address along with its own gas and electrical meter. This property is conveniently located closed to transportation, USC, shopping, restaurants, relatively close to DTLA and more! Do not miss this opportunity to live in one unit and rent the other, or simple add this wonderful investment triplex to your portfolio.
Nearby schools
3/10
Budlong Avenue Elementary School
Public,•K-5•0.5mi
2/10
Western Avenue Elementary School
Public,•K-5•0.5mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.9mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.2mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
2/10
John Muir Middle School
Public,•6-8•0.7mi
1/10
Horace Mann Junior High School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
9/10
Middle College High School
Public,•9-12•5.2mi
Price History
Date
Event
Price
01/21/20
Sold
$585,000
07/06/18
Sold
$391,000
Condition Rating
Fair
Built in 1941, this property shows signs of some recent cosmetic and functional updates, such as new windows in at least one unit, modern-looking laminate flooring, and updated lighting in a hallway. The description also notes in-unit laundry in two units and separate utility meters, indicating some investment in tenant amenities and infrastructure. However, without any images of the kitchens or bathrooms, which are critical areas for condition assessment, it's difficult to confirm a higher score. Given its age, it's highly probable that major systems (plumbing, electrical) may be outdated, and the unseen kitchens and bathrooms likely require significant updates to meet current standards, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Triplex: The property is a triplex with three 1-bed/1-bath units, offering a clear residential income opportunity for investors.
Separate Utilities & Addresses: Each unit has its own separate address, gas, and electrical meter, simplifying tenant billing and management for the owner.
Prime South LA Location: Conveniently located near transportation, USC, shopping, restaurants, and DTLA, suggesting strong rental demand and potential for appreciation.
In-Unit Laundry: Two of the three units include in-unit laundry rooms, a highly desirable amenity for tenants that can command higher rents.
Flexible Investment Strategy: Offers versatility for an owner to live in one unit and rent out the others, or to acquire it as a pure investment property.
Cons
Age of Property: Built in 1941, the property may require significant updates to plumbing, electrical, and other systems, potentially leading to higher maintenance costs.
Limited Unit Configuration: All units are 1-bedroom/1-bathroom, which may limit the tenant pool to singles or couples and could be less attractive to families.
Lack of Specified Parking/Outdoor Space: The description does not mention dedicated parking or private outdoor space for the units, which can be a significant drawback in a dense urban area like Los Angeles.