Seller's Agent in 2024
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
2 in this area
50 Total Sales
1306 W 59th Place Los Angeles, CA 90044
Vermont-Slauson NeighborhoodEstimated Value: $883,000 - $950,000
4
Beds
4
Baths
3,072
Sq Ft
$301/Sq Ft
Est. Value
About This Home
As of December 2024We 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.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01902650 Listed on: 10/07/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,280
Year Built
- Built in 1927
Lot Details
- 6,007
Interior Spaces
- 3,072 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- 6,007 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 6003-011-011
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2024
Closed on
Nov 21, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Chavez Alvaro and Hernandez Maria L
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Christopher Chavez
JohnHart Real Estate
List Price
$900,000
Sold Price
$925,000
Premium/Discount to List
$25,000
2.78%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$212
Avg. Annual Appreciation
0.05%
Original Mortgage
$612,500
Outstanding Balance
$608,020
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$317,356
Purchase Details
Listed on
Sep 3, 2018
Closed on
Oct 18, 2018
Sold by
Berry David and Estate Of Dorothy Jean Berry
Bought by
Hyman Stanley
Seller's Agent
Lionel Peters
Supreme Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$595,000
Sold Price
$450,000
Premium/Discount to List
-$145,000
-24.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%
Original Mortgage
$337,500
Interest Rate
4.8%
Mortgage Type
Construction
Purchase Details
Listed on
Sep 3, 2018
Closed on
Sep 25, 2018
Sold by
Hyman Stanley
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
Lionel Peters
Supreme Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$595,000
Sold Price
$450,000
Premium/Discount to List
-$145,000
-24.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
4.8%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 1, 2018
Sold by
Berry David and Estate Of Dorothy Jean Berry
Bought by
Hyman Stanley
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chavez Alvaro | $925,000 | Provident Title | |
| Chavez Alvaro | $925,000 | Provident Title | |
| Hyman Stanley | -- | Lawyers Title La | |
| Sola Impact Fund Ii Lp | $450,000 | Lawyers Title | |
| Hyman Stanley | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chavez Alvaro | $612,500 | |
| Closed | Chavez Alvaro | $612,500 | |
| Previous Owner | Sola Impact Fund Ii Lp | $480,000 | |
| Previous Owner | Sola Impact Fund Ii Lp | $337,500 | |
| Previous Owner | Peters Franklin | $222,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/06/2024 12/06/24 | Sold | $925,000 | +2.8% | $301 / Sq Ft |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | For Sale | $900,000 | +100.0% | $293 / Sq Ft |
| 10/23/2018 10/23/18 | Sold | $450,000 | -24.4% | $146 / Sq Ft |
| 09/03/2018 09/03/18 | For Sale | $595,000 | -- | $194 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $7,280 | $925,000 | $600,000 | $325,000 |
| 2024 | $7,280 | $563,223 | $344,496 | $218,727 |
| 2023 | $7,149 | $552,181 | $337,742 | $214,439 |
| 2022 | $6,834 | $541,355 | $331,120 | $210,235 |
| 2021 | $6,735 | $530,741 | $324,628 | $206,113 |
| 2019 | $6,542 | $515,000 | $315,000 | $200,000 |
| 2018 | $3,210 | $235,483 | $100,920 | $134,563 |
| 2016 | $3,045 | $226,341 | $97,002 | $129,339 |
| 2015 | $3,005 | $222,942 | $95,545 | $127,397 |
| 2014 | $3,044 | $218,576 | $93,674 | $124,902 |
Source: Public Records
Agents Affiliated with this Home
-
Casey Lins
-
Christopher Chavez
C
Buyer's Agent in 2024
Christopher Chavez
JohnHart Real Estate
(818) 246-1099
1 in this area
7 Total Sales
-
Lionel Peters
Seller's Agent in 2018
Lionel Peters
Supreme Properties
(310) 619-3664
-
NoEmail NoEmail
N
Buyer's Agent in 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,880 Total Sales
Map
Source: The MLS
MLS Number: 24-450091
APN: 6003-011-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1346 W 59th Place
- 1257 W 60th Place
- 1253 W 61st St
- 1407 W 59th Place
- 1500 W 59th Place
- 1337 W Gage Ave
- 1522 W 58th Place
- 1417 W Gage Ave
- 1440 W 62nd St
- 1456 W 58th Place
- 1144 W 57th St
- 1541 W 59th St
- 1049 W 61st St
- 1253 W 65th St
- 1061 W 57th St
- 1103 W 64th St
- 1311 W 65th Place
- 1606 W 62nd St
- 5415 S Normandie Ave
- 1648 W 59th St Unit 4
- 5951 Raymond Ave
- 1312 W 59th Place
- 1316 W 59th Place
- 1307 W 60th St
- 5965 Raymond Ave
- 1313 W 60th St
- 1322 W 59th Place
- 1317 W 60th St
- 1256 W 59th Place
- 1323 W 60th St
- 5964 Raymond Ave
- 1311 W 59th Place
- 5915 Raymond Ave
- 1323 1325 W 60th St
- 1323 W 60th St
- 1326 W 59th Place
- 1254 W 59th St
- 1317 W 59th Place
- 1252 W 59th Place
- 1257 W 60th St