3206 W 59th Street, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 3 bath
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Los Angeles, California 90043
This Multi-Unit Residential Property is a High-Potential Investment Opportunity, listed at $720,000—positioned well below the $747,602 Fair Market Value by 3%. This valuation gap offers $27,602 in Instant Equity. Featuring a remodeled main residence, a detached studio, and a finished bonus room, the property provides significant income-offset potential. While the Condition Rating of 2 reflects recent modern upgrades, the short sale status requires a strategic buyer. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible, multi-generational living arrangements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3206 W 59th Street Subject | $720,000* List Price | 4 | 3 | 1,056 | $708 | - |
A 5814 7th Avenue Sold | $680,000 | 2 | 1 | 992 | $685 | 0.3 mi |
B 6030 Madden Sold | $679,000 | 2 | 1 | 832 | $816 | 0.2 mi |
C 5814 Arlington Sold | $830,000 | 3 | 2 | 1,110 | $748 | 0.6 mi |
D 7036 6th Avenue Sold | $760,000 | 3 | 2 | 1,163 | $653 | 0.8 mi |
E 6306 5th Avenue Sold | $620,000 | 2 | 1 | 992 | $625 | 0.4 mi |
F 6418 3rd Avenue Sold | $829,000 | 3 | 2 | 1,158 | $716 | 0.6 mi |
G 3101 W 60th Active | $699,000 List Price | 2 | 2 | 1,005 | $696 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel (likely <5 years) featuring a modern kitchen with quartz countertops, updated bathrooms with contemporary tile and fixtures, and significant system upgrades including a newer A/C, updated plumbing/electrical, and a tankless water heater.
High School: Middle College High School (9/10).
The property offers exceptional income potential or multi-generational flexibility with a remodeled main residence, a detached studio with a private entrance, and a finished bonus room.
The main home features significant upgrades including a newer A/C system, updated plumbing and electrical, and a contemporary kitchen with quartz countertops and an oversized breakfast bar.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1056, other record living area = 1622.
The listing is a short sale subject to lender approval, which typically involves a more complex negotiation process and a potentially longer timeline to close.
There are noted uncertainties regarding the permit status of the studio's bathroom and the total usable square footage, necessitating thorough due diligence by the buyer.
**LIVE, RENT, INVEST — Remodeled Los Angeles Property with Multiple Permitted Living Spaces** Discover a rare opportunity to own a versatile Los Angeles property designed for flexible living and income potential. Featuring a beautifully remodeled main residence plus additional permitted living spaces, this property is ideal for owner-occupants, multi-generational households, investors, and buyers looking to offset housing expenses through rental income. With multiple usable living areas, modern upgrades, and a fully gated lot with RV access, opportunities like this are increasingly difficult to find in today's market. The beautifully updated main residence offers approximately 1,056 sq ft with 2 bedrooms and 2 full bathrooms, highlighted by an open-concept floor plan, quartz countertops, modern cabinetry, oversized breakfast bar, upgraded flooring, fresh interior and exterior paint, newer A/C system, and updated plumbing and electrical. A detached studio with private entrance and bathroom creates an ideal space for extended family, guests, rental income, or a home office. The studio currently includes a shower installed by the owner; buyer to independently verify permit status with the City of Los Angeles Building and Safety. Adding even more versatility, the detached 2-car garage is accompanied by a large finished bonus/recreation room, perfect for entertaining, fitness, hobbies, workspace, or additional storage. The fully gated lot offers privacy, generous parking, and rare RV access. City records indicate the primary structures are permitted. The overall configuration provides approximately 4 bedrooms and 3 bathrooms across all usable spaces. Buyer to independently verify square footage, permits, bedroom and bathroom count, and permitted uses. Conveniently located near major freeways, shopping, dining, and public transportation. Whether you're an owner-occupant looking to offset expenses, a multi-generational household seeking flexible living arrangements, or an investor searching for strong rental potential, this property delivers exceptional value and opportunity. **Short sale subject to lender approval. Offers submitted promptly.**
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 | 74% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,056 | 1,588 | 9% |
| Lot Size | 5,422 | 6,113.5 | 35% |
| Price | $720.0K | $870.0K | 25% |
| Price per sq ft | $682 | $602 | 67% |
| Built year | 1923 | 1927 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 151 | 2% |
Jun 4, 2026
$720,000
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