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Listed by: Casey Lins (714) 333-6768 DRE #01902650, Vincent Cook DRE #02012324 | Kidder Mathews of California, Inc. (858) 369-3010
$950,000
Monthly Est:$4,728
7 Beds
5 Baths
2,415sqft
1318 E 59th Place, Los Angeles, CA 90001
$950,000
$4,728/moEst:
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Multi Family
Built in 1956
$-- HOA
5,690 sqft lot
$393/sq.ft
Description
We are pleased to present 1318 E. 59th Place, a four-unit multifamily investment opportunity in South Los Angeles, offered at a 9.13 GRM and 7.53% CAP rate based on current income. The property also presents meaningful rental upside, with the potential to achieve a 7.78 GRM and 9.38% CAP rate upon stabilization at market rents. NOTE: There is potential to deliver 1 unit VACANT at closing (contact broker for details). The property consists of two separate buildings totaling approximately 2,415 rentable square feet. Constructed in 1956, the improvements are situated on a 5,690 square foot LCR3YY-zoned lot and feature tandem driveway parking on both sides of the property. Th...
Continue Reading- Houzeo last checked: 10 minutes ago
- Listing updated: June 25, 2026 at 7:20 am
- Source: California Regional MLS-CA | MLS#: 26848799
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
2,415 sqft
Lot Size
5,690 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26848799
MLS Status
Active
Days on Market
94
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 5
Interior
Cooling
None
Utilities & Energy
Parking Features
Driveway
Other Features
Disclosures
Rent Control
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Listed for Sale | $950,000 $393/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 20, 2026, 06:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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