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1171 E 59th Place

Los Angeles, CA 90001

– beds
– baths
– sqft
5,602 sqft lot
1923 build
– on site

Perfect project for investors who want to build and own for high returns. The property comes with RTI for five units in the County of LA which is much more difficult to entitle and does not fall under city of LA jurisdiction. Designed for affordable and quick development. Three buildings. Two duplexes and one ADU for a total of 8220 sq ft with 23 beds and 23 baths. These plans allow for property development that maximizes rents with master leasing via the city or other leasing program. Do not disturb the tenant. The property will be delivered vacant at the end of escrow.

Listed By CRMLS_CA / EDMOND WU / LANDMARK LENDING REALTY / 626-246-8680

Last checked: Checking… • Last updated Feb 28, 2025 •

MLS# WS25020980 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

8220.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

3
Stories Total:

1
Entry Level:

1
Common Walls:

1 Common Wall

Interior

Levels:

One
Entry Location:

Front
Laundry:

None

Location

Directions:

Nearest cross street Central Ave
Latitude:

33.98640700
Longitude:

-118.25414900

The Property

Property Type:

Residential Income
Subtype:

Single Family Residence
Zoning:

LCR3*
Lot Features:

2-5 Units/Acre
Lot Size Area:

5602.0000
Lot Size Acres:

0.1286
Lot Size SqFt:

5602.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5328.00
Tax Tract:

5449
Tax Lot:

79

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6008008015

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/13/25 Feb 13, 2025	Price Changed	CRMLS_CA	$739,000	-1.3%
1/29/25 Jan 29, 2025	Price Changed	CRMLS_CA	$749,000	900.0%
1/29/25 Jan 29, 2025	Listed / Active	CRMLS_CA	$74,900	-83.4% (-33.2% / YR)

Multifamily For Sale

$739,000

Listing provided by broker:

EDMOND WU

LANDMARK LENDING REALTY

626-246-8680

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This multifamily located in South LA, Florence-Graham, CA 90001 is currently for sale for $739,000. 1171 E 59th Place is a – square foot multifamily with – beds and – baths that has been on Estately for 56 days. 1171 E 59th Place is in the South LA neighborhood of Florence-Graham and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Dr. Lawrence H. Moore Math/Science/Technology Academy, Los Angeles Academy Middle School, and Mervyn M Dymally Senior High.

Listing Courtesy of: CRMLS_CA and LANDMARK LENDING REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Mar 26.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.