$750,000
SOLD FEB 3, 2025

1341 E 59th Place Los Angeles, CA 90001

5 Beds
4 Baths
1,580 Sq Ft
4,746 Sq Ft Lot

Recently Sold

$475 Per Sq Ft

82 Days on Market

Highlights

  • Gated Parking
  • South Facing Home
  • 1-Story Property
  • Gated Home
  • Rectangular Lot
  • 4-minute walk to Bethune Park

About This Home

As of February 2025

Part of an 11 Building Portfolio! Can be sold individually or as a portfolio. 1341 E. 59th Pl is a fully occupied 4-unit opportunity in South Los Angeles. The subject property offers and investor a great unit mix consisting of (2) 2 Bed / 1 Bath and (1) 1 Bed / 1 Bath and (1) Studio unit spread out over 1,580 square feet of gross leasable area and was built in 1923. The building sits on a 4,744 square foot lot that is zoned LAR3YY. There is significant upside in rents while also offering a great day one cash flow. Buyer to verify feasibility of adding an ADU to the property for additional value add potential.

Last Agent to Sell the Property

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556 Listed on: 11/01/2024

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419

Last Buyer's Agent

Boris Almengor

Lyon Stahl Investment Real Est License #02092597

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,746 Sq Ft Lot
  • South Facing Home
  • Gated Home
  • Rectangular Lot

Home Design

  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,580 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Gated Parking
  • Uncovered Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 6008-024-031

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • Vacancy Allowance $3,503

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1580
  • Lot Acreage: 0.1090
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 474.68

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Asphalt, Flat, Rolled/Hot Mop
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Uncovered, Gated
  • Total Parking: 3

Utilities

  • Water Heater: Gas, Water Heater Unit
  • Heating: Wall
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 50.50
  • Assessed Improvement Value: 273409
  • Assessed Land Percent: 49.5
  • Assessed Land Value: 268048
  • Total Assessed Value: 541457
  • Assessor Parcel Number: 6008-024-031
  • Lot Description: Fenced, Lot Shape-Rectangular, Single Lot
  • Lot Location: Alley Access
  • Lot Size Area: 4746

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.71
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apts
  • Vacancy Allow: 3503
  • Vacancy Allow Percent: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Jan 21, 2025
Sold by
Sola Impact Fund Ii Lp
Bought by
Gutierrez Domenika Zurisadai
Seller's Agent
Peter James
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Boris Almengor
Lyon Stahl Investment Real Est
List Price
$750,000
Sold Price
$750,000
Views
55
Current Estimated Value
$731,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,551
Avg. Annual Appreciation
-2.52%
Original Mortgage
$736,415
Outstanding Balance
$729,200
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
$2,249

Purchase Details

Listed on
Sep 24, 2018
Closed on
Dec 13, 2018
Sold by
Sola Impact Fund Ii Lp
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
Jessica Guttierez
Keller Williams Pacific Estates
Buyer's Agent
Jessica Guttierez
Keller Williams Pacific Estates
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$370,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2018
Sold by
Maldonado Yolanda and The Yolanda Maldonado Family T
Bought by
Sola Impact Fund Ii Spv Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2006
Sold by
Maldonado Yolanda
Bought by
Maldonado Yolanda and Yolanda Maldonado Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,500
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2003
Sold by
Maldonado Yolanda
Bought by
Maldonado Yolanda and Yolanda Maldonado Family Trust

Purchase Details

Closed on
Mar 15, 2002
Sold by
Maldonado Yolanda
Bought by
Maldonado Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.12%

Purchase Details

Closed on
Sep 7, 1994
Sold by
Maldonado Leonel
Bought by
Maldonado Yolanda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $750,000 Provident Title
Interfamily Deed Transfer -- Provident Title
Grant Deed $505,000 Fidelity National Title Comp
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Commonwealth Land Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- American Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $736,415 FHA
Previous Owner $370,000 Commercial
Previous Owner $165,500 New Conventional
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2025 02/03/25 Sold $750,000 0.0% $475 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
11/01/2024 11/01/24 For Sale $750,000 +48.5% $475 / Sq Ft
01/03/2019 01/03/19 Sold $505,000 0.0% $320 / Sq Ft View Prior Sale
10/22/2018 10/22/18 Pending -- -- --
10/16/2018 10/16/18 Price Changed $505,000 -8.2% $320 / Sq Ft
09/24/2018 09/24/18 For Sale $550,000 -- $348 / 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
2025 $8,736 $563,330 $278,876 $284,454
2024 $8,736 $552,285 $273,408 $278,877
2023 $8,262 $541,457 $268,048 $273,409
2022 $7,916 $530,842 $262,793 $268,049
2021 $7,832 $520,435 $257,641 $262,794
2019 $7,613 $505,000 $250,000 $255,000
2018 $2,182 $41,745 $17,691 $24,054
2016 $2,105 $40,126 $17,005 $23,121
2015 $2,084 $39,524 $16,750 $22,774
2014 $2,100 $38,750 $16,422 $22,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-459385

The MLS

APN: 6008-024-031