Listed By:
Fernando Reza with KELLER WILLIAMS COVINA; 626-388-5518
Address
1745 W 59th Place, Los Angeles, CA
Price
$ 639,000
Property Attributes
  • MLS#CV23182306
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90047
  • StyleTriplex
  • Price$ 639,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1656
  • Lot Size3,376 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Uncover a Hidden Gem at 1745 West 59th Place - Your Triplex Investment Awaits! Income-Generating Opportunity! Three Homes on A Lot!! 1745 Front House: 1 Bedrooms, 1 Bath Front Unit is actually 1 Bedroom larger unit with addition bedroom framed but not permitted. Renting for $2,000 per month Potential for Higher Returns! 1747 Middle Unit: 1 Bedroom, 1 Bath Long-term, Reliable Tenant Renting for $936 per month Stable Income Stream! 1749 Rear Unit: 1 Bedroom, 1 Bath Tenant for 19 Years! Renting for $542.86 per month Opportunity for Cash for Keys? What makes this Triplex truly captivating? The potential for increased rental income, stability, and investment value are just waiting to be discovered. Are you ready to step into the world of smart real estate investment? This Three On A Lot property at 1745 West 59th Place is your ticket to financial growth. Whether you're a seasoned investor or just starting, this Triplex promises solid returns and room for expansion. Don't miss out on this income-generating treasure! Contact our real estate expert today to schedule a viewing and unlock the full potential of 1745 West 59th Place. Invest with confidence. Invest in 1745 West 59th Place! All Information Deemed Reliable but Not Guaranteed. Buyers and Buyer's Agent to investigate all information to Buyer's Satisfaction.

Price History
10/6/2023 Listed $639,000

General Features

Sewer PublicSewer
Zoning LAR2
Garage Spaces 0.0
Pool Features None
Year Built 1924
Tenant Pays Electricity,Gas
Stories 1
Levels One
Property SubType Triplex
Gross Income 3478.86
Community Features StreetLights,Sidewalks,Urban
County Los Angeles
Net Operating Income 33681.0
Operating Expense 8065.0
Insurance Expense 5005.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Contingency Buyer to work with Seller to 1031 Exchange at no expense to Buyer. Seller to find replacement property
Garage Y/N No
Special Listing Conditions Standard
Status Active
Directions Near 59th Place and Western Ave
City Los Angeles
Entry Location 3 Entry Points
View Y/N No
Senior Community Y/N No
Total Units 3
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 3374.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name 59th
Financing Available Cash,CashtoNewLoan,Conventional,Item1031Exchange,FHA
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Trash Expense 0.0
Water Sewer Expense 3060.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 118
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 45
Property Sub Type Additional Triplex
Cap Rate 5.2
MobileHomeRemainsYN No

Interior Features

Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Place
Laundry Features WasherHookup,Inside
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Public
Lot Features FrontYard,NearPublicTransit,RectangularLot
Water Source Public
Total Parking 0.0
Lot Size Area 3374.0
Number of Buildings 3
Spa No
Building Area Total 1656.0
Lot Size Acres 0.0775
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90047

Price
AVG $1.07M
$640K
Visits
AVG 78
126
Data Provided by Inside Real Estate®
Year Built
AVG 1946
1924