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3106 W 59th St, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 2 bath

3106 W 59th St, Los Angeles, California 90043 home-pic-0
ACTIVE$550,000
3106 W 59th St, Los Angeles, California 90043
3Beds
2Baths
981Sqft
153,461,888Lot
Year Built
1923
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$561
HOA
-
Days on market
-
Sold On
-
MLS number
DW25117376
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 4 Cons,7 Pros. Rank: price - $550.0K(4th), sqft - 981(9th), beds - 3(50th), baths - 2(50th).

Investor Special – Property with Major Upside Potential Attention investors and flippers! This distressed property presents a rare opportunity to acquire a diamond in the rough with substantial upside. Situated in a desirable neighborhood, this home is in need of major repairs, making it ideal for a full renovation or redevelopment project. The property comes with approved plans and permits for converting the existing garage into a legal Accessory Dwelling Unit (ADU), allowing you to fast-track the build and add immediate value. The spacious lot provides flexibility for layout and design enhancements, and with strong rental and resale demand in the area, the potential return on investment is significant. Whether you're looking to restore and flip, develop a cash-flowing rental property, or add value through an ADU conversion, this property offers the foundation for a lucrative project. Bring your contractor and your imagination – this is the opportunity you've been waiting for. Sold as-is. Buyer to verify all information and perform due diligence.

Nearby schools

2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.4mi
2/10
Yes Academy
Public,•K-5•0.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.6mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
4/10
Centinela Elementary School
Public,•K-6•1.3mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.4mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.4mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.4mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.8mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.8mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.7mi
2/10
Inglewood High School
Public,•9-12•2.4mi
2/10
George Washington Preparatory High School
Public,•9-12•3.6mi
9/10
Middle College High School
Public,•9-12•6.1mi

Price History

Date
Event
Price
07/11/25
Sold
$163,000
Condition Rating
Tear down
Built in 1923, this property is over 50 years old with no evidence of major renovations in the past 50 years. The MLS description explicitly labels it a 'distressed property' in 'need of major repairs,' ideal for a 'full renovation or redevelopment project,' and sold 'as-is.' The images confirm this, showing an extremely neglected exterior, severely outdated and dirty interiors, damaged walls, bare light bulbs, and unsanitary conditions in both the kitchen and bathrooms. The kitchen features an old, basic stove and appears non-functional, while the bathrooms have very old fixtures, dirty surfaces, and damaged entryways. The overall state is unlivable, and the property's value is clearly based on the land and its redevelopment potential, including approved ADU plans.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 153461888, living area = 981.
Great Schools: High School: Middle College High School (9/10).
High Investment Potential: Explicitly marketed as an 'Investor Special' with 'Major Upside Potential' and 'significant potential return on investment' in a strong market.
Approved ADU Plans: Comes with approved plans and permits for converting the existing garage into a legal Accessory Dwelling Unit (ADU), significantly streamlining value addition.
Desirable Neighborhood & Market Demand: Situated in a 'desirable neighborhood' with 'strong rental and resale demand,' indicating a robust market for future value and income.
Versatile Development Options: Offers flexibility for various investment strategies, including restoration/flipping, developing a cash-flowing rental property, or ADU conversion.
Spacious Lot: The spacious lot provides flexibility for layout and design enhancements, offering potential for creative development.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-07-11. The sold price is $163,000.00.
Extensive Renovation Required: Described as a 'distressed property' in 'need of major repairs,' implying substantial renovation costs and effort for any project.
Sold As-Is Condition: The property is 'Sold as-is,' transferring all responsibility for current and future repairs, inspections, and potential issues to the buyer.
Age of Property: Built in 1923, the property is likely to have outdated systems and potential structural issues common with older homes, increasing renovation complexity and cost.

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