We are pleased to present 1306 W 59th Pl, a 100% occupied 4-unit property located in Los Angeles. This property is centrally located near LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 & 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a 10.77 GRM and 6.42% CAP on current rents, with rental upside potential to an 8.52 GRM and an 8.80% CAP on pro-forma rents. The property consists of two standalone, side by side duplexes built in 1927 with a unit mix of 4 one-bedroom units, all of which have been renovated.
Sold for $925,000
Tax assessed value
$925,000
1306 W 59th Pl, Los Angeles, CA 90044
4beds
4baths
3,072sqft
Multi Family
Built in 1927
-- sqft lot
$932,000 Zestimate®
$301/sqft
$1,928 Estimated rent
Home value
$932,000
$839,000 - $1.03M
$1,928/mo
Zestimate® history
Owner options
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$1,928/mo
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$1,928/mo
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$5,874/mo
Est. payment
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$5,874/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Casey Lins DRE # 01902650 714-333-6768,
Kidder Mathews of California, Inc. 858-369-3010
Bought with:
Christopher Chavez, DRE # 02234688
JohnHart Real Estate
Source: CLAW,MLS#: 24-450091
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall
Cooling
- None
Interior area
- Total structure area: 3,072
- Total interior livable area: 3,072 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,006 Square Feet
Details
- Additional structures: None
- Parcel number: 6003011011
- Zoning: LAR2
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1927
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $301/sqft
- Tax assessed value: $552,181
- Annual tax amount: $11,546
- Date on market: 10/7/2024
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2024 | Sold | $925,000+2.8%$301/sqft |
Source:  CLAW #24-450091 Report a problem | ||
| 11/27/2024 | Pending sale | $900,000$293/sqft |
Source: CLAW #24-450091 Report a problem | ||
| 10/21/2024 | Contingent | $900,000$293/sqft |
Source: CLAW #24-450091 Report a problem | ||
| 10/7/2024 | Listed for sale | $900,000+100%$293/sqft |
Source: CLAW #24-450091 Report a problem | ||
| 10/23/2018 | Sold | $450,000$146/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,546 +58.6% | $925,000 +64.2% |
| 2024 | $7,280 +1.8% | $563,223 +2% |
| 2023 | $7,149 +4.6% | $552,181 +2% |
| 2022 | $6,834 +1.5% | $541,355 +2% |
| 2021 | $6,735 -0.9% | $530,741 +1% |
| 2020 | $6,798 | $525,300 +2% |
| 2019 | $6,798 +111.8% | $515,000 +118.7% |
| 2018 | $3,210 | $235,483 +2% |
| 2017 | $3,210 +2% | $230,867 +2% |
| 2016 | $3,148 +3.4% | $226,341 +1.5% |
| 2015 | $3,045 +0.1% | $222,942 +2% |
| 2014 | $3,044 | $218,576 +4.5% |
| 2011 | -- | $209,141 +0.8% |
| 2010 | -- | $207,579 -0.2% |
| 2009 | -- | $208,073 +2% |
| 2008 | -- | $203,994 +2% |
| 2007 | -- | $199,995 +2% |
| 2006 | -- | $196,075 |
| 2005 | -- | $196,075 +4% |
| 2004 | -- | $188,464 +1.9% |
| 2003 | -- | $185,011 +2% |
| 2002 | -- | $181,385 +4% |
| 2000 | -- | $174,343 |
Find assessor info on the county website
Neighborhood: South Los Angeles
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Nearby schools
GreatSchools rating
- 4/10Budlong Avenue Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10John Muir Middle SchoolGrades: 6-8Distance: 0.3 mi
- 2/10Augustus F. Hawkins High C Responsible Indigenous Social EntrepreneurshipGrades: 9-12Distance: 0.6 mi
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Estimated market value
$932,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$932,000
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