3206 W 59th Street, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath
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Los Angeles, California 90043
This Income-Generating Turnkey Residence is listed at $650,000, offering a stable entry point at its $650,000 Fair Market Value. Featuring an Excellent Condition Rating, the home has undergone an extensive remodel including a designer kitchen with quartz countertops and updated plumbing/electrical systems. The property provides a Triple Income Opportunity with a main house, a permitted detached studio, and an ADU-ready garage on a spacious lot. Located near the 9/10 rated Middle College High School, this versatile asset is ideal for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking multi-unit rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3206 W 59th Street Subject | $650,000* List Price | 4 | 3 | 1,622 | $401 | - |
A 5748 7th Avenue Sold | $829,000 | 4 | 3 | 1,671 | $496 | 0.3 mi |
B 5455 5th Avenue Sold | $750,000 | 3 | 2 | 1,506 | $498 | 0.4 mi |
C 6435 Madden Avenue Sold | $616,000 | 3 | 2 | 1,255 | $491 | 0.5 mi |
D 5934 Madden Active Under Contract | $599,000 List Price | 3 | 2 | 1,392 | $430 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1923, the property has undergone a recent and extensive full remodel, as explicitly stated in the description and evidenced by the images. The kitchen features new white shaker cabinetry, quartz countertops, stainless steel appliances, a modern gold-tone sink, and contemporary pendant lighting. Bathrooms are designer-renovated with modern floating vanities, marble-look tile, and sleek black-framed shower enclosures. New wood-look laminate flooring, fresh paint, modern lighting, a newer A/C system, and updated plumbing and electrical throughout the main living spaces indicate that all components are virtually new and meet current quality standards, aligning perfectly with the 'Excellent' condition criteria for a recently renovated property.
High School: Middle College High School (9/10).
The property offers triple income opportunity with three functional and fully permitted living spaces, including a detached studio and an ADU-ready garage, ideal for rental income or multi-generational living.
Fully remodeled with designer-renovated bathrooms, a stunning open-concept kitchen with quartz countertops, new cabinetry, and recent upgrades including new flooring, paint, and modern lighting, making it move-in ready.
The property is a short sale, subject to lender approval, which can lead to a more complex, uncertain, and potentially lengthy transaction process for buyers.
Several nearby schools have low ratings (1-2 out of 10), which may be a significant consideration for families prioritizing public education options.
While the detached garage has a 'permitted room' and is 'ready to be converted' into a third income unit, it implies additional time, cost, and effort for the buyer to fully realize this potential.
Welcome to this fully remodeled, income-generating property in Los Angeles. This versatile home offers multiple functional living spaces, ideal for multi-generational living, house hacking, or maximizing rental income. The main house features 2 spacious bedrooms, 2 upgraded bathrooms, and a stunning open-concept kitchen with quartz countertops, new cabinetry, and an oversized breakfast bar. Recent improvements include updated flooring, fresh interior and exterior paint, modern lighting, a newer A/C system, and updated plumbing and electrical. A detached studio-style space with a private entrance and bathroom provides excellent flexibility for rental income, guest use, or a home office. The detached 2-car garage includes an additional room, offering potential for future ADU conversion (buyer to verify). Situated on a fully fenced lot with ample parking and space for RV access, this property is conveniently located near major freeways, shopping, and schools. Property is currently configured as 4 bedrooms and 3 bathrooms; public records may differ. Buyer to verify all permits, square footage, and use of spaces. Property includes additional permitted living areas, providing expanded functional use beyond the main living area of approximately 1,056 sq ft. This is a short sale subject to lender approval, presenting a great opportunity for both first-time buyers and investors.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 81% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,622 | 1,458 | 63% |
| Lot Size | 5,422 | 6,264 | 30% |
| Price | $650.0K | $850.0K | 18% |
| Price per sq ft | $401 | $622 | 6% |
| Built year | 1923 | 1926 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 266 | 169 | 89% |
Jul 30, 2025
$650,000
Initial Listing
Jul 5, 2024
$799,000
Public Record
Jun 23, 2023
$690,000
Public Record
Jun 21, 2023
$650,000
Public Record
Apr 28, 2021
$590,500
Public Record
Apr 28, 2021
$535,000
Public Record