NOT LISTED FOR SALE

1201 E 59th Place Los Angeles, CA 90001

Estimated Value: $822,000 - $2,171,000

4 Beds
3 Baths
1,296 Sq Ft
$1,155/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $785,000 $606 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,199/month

8 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Living Room
  • Wood Flooring
  • 10 Car Detached Garage
  • 5-minute walk to Bethune Park

About This Home

As of July 2022

ALL OFFERS DUE BY TUESDAY 6/21 BY 5PM. Have you been seeking an ideal real estate investment opportunity in South Los Angeles? Located in a highly desirable rental area, this spacious property includes a 4BR/3BA, 1,000+sqft home and two lots. Explore the fixer-upper to discover an openly flowing traditional floorplan, tons of natural light, hardwood flooring, a large living room, a laundry area, a detached 2-car garage with a paved driveway, two spacious lots (6008-008-017 and 6008-008-018), and a fun retro kitchen featuring a gas range, ample cabinetry, a dishwasher, and a double sink. All bedrooms are generously sized with dedicated closets, while the two full bathrooms have bathtubs. Offering the potential for up to seven-units, the property provides an abundance of opportunity for positive cashflow or capital gains. As a bonus for future tenants or buyers, the home is located only minutes from shopping, restaurants, entertainment, schools, and cafs. With tons to offer, this centrally located fixer-upper will go quickly. Call now to schedule your private and exclusive tour!

Last Agent to Sell the Property

William Robertson

Jesse Weinberg License #01982612 Listed on: 06/16/2022

Jesse Weinberg

Co-Listed By

James Suarez

Real Broker License #01433992

Last Buyer's Agent

William Robertson

Jesse Weinberg License #01982612 Listed on: 06/16/2022

Jesse Weinberg

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,292

Year Built

  • Built in 1930

Lot Details

  • 11,000 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Property is zoned LCR3YY

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Car Detached Garage
  • 8 Open Parking Spaces
  • Driveway

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 6008-008-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,292

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 1296
  • Lot Acreage: 0.1282
  • Lot Dimensions: 40x140
  • Probate: No
  • Stories: 1
  • Year Built: 1930
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood, Tile
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Refrigerator, Washer, Ceiling Fan, Dishwasher, Microwave
  • Price Per S Q F T: 539.35

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 8
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car, Detached
  • Total Parking: 10

Utilities

  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 6008-008-017
  • Lot Size Area: 11000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2023
Sold by
Drh Re Group Llc
Bought by
Drh Re Group Llc
Current Estimated Value
$1,496,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,971,320
Outstanding Balance
$1,944,189
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
-$1,142,429

Purchase Details

Listed on
Jun 16, 2022
Closed on
Jul 6, 2022
Sold by
Anne Noreen Wilson Revocable Trust
Bought by
Drh Re Group Llc
Seller's Agent
William Robertson
Jesse Weinberg
Buyer's Agent
William Robertson
Jesse Weinberg
List Price
$699,000
Sold Price
$785,000
Premium/Discount to List
$86,000
12.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%
Original Mortgage
$400,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2021
Sold by
Noreen Wilson Anne
Bought by
Anne Noreen Wilson Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Drh Re Group Llc -- Wfg National Title
Drh Re Group Llc $785,000 Fidelity National Title
Anne Noreen Wilson Revocable Trust -- Alkana Eugene S
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drh Re Group Llc $1,971,320
Previous Owner Drh Re Group Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $785,000 +12.3% $606 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $699,000 -- $539 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,292 $785,000 $770,000 $15,000
2022 $1,292 $51,535 $23,045 $28,490
2021 $1,270 $50,526 $22,594 $27,932
2019 $1,240 $49,029 $21,925 $27,104
2018 $1,143 $48,069 $21,496 $26,573
2016 $1,082 $46,204 $20,662 $25,542
2015 $1,067 $45,511 $20,352 $25,159
2014 $1,070 $44,621 $19,954 $24,667
Source: Public Records

Agents Affiliated with this Home

  • William Robertson

    Seller's Agent in 2022

    William Robertson

    Jesse Weinberg

    (310) 889-5729

    1 in this area

    78 Total Sales

    William Robertson
    Section Image
  • James Suarez

    Seller Co-Listing Agent in 2022

    James Suarez

    Real Broker

    (310) 902-1004

    1 in this area

    391 Total Sales

    James Suarez
    Section Image
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Map

Source: The MLS

MLS Number: 22-163786

The MLS

APN: 6008-008-031

California Los Angeles County Los Angeles 90001

1201 E 59th Place, Los Angeles, CA

This home is located at 1201 E 59th Place, Los Angeles, CA 90001 since 16 June 2022 and is currently estimated at $1,496,500, approximately $1,154 per square foot. This property was built in 1930. 1201 E 59th Place is a home located in Los Angeles County with nearby schools including Dr. Lawrence H. Moore Math, Science, Technology Academy, Los Angeles Academy Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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