1745 West 59th Place

Los Angeles, CA 90047

$639,000
Price
4
Beds
3
Baths
1,656 Sq. Ft.
$386 / Sq. Ft.
1,656
Sq. Ft.
$386
per Sq. Ft.

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
...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.
  1. Listed by Fernando Reza • DRE #01451616 • Brokerage DRE #01970316 • KELLER WILLIAMS COVINA • 626-388-5518

Property Details for 1745 West 59th Place

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1656
Assessor Parcel Number
6002-008-019
Property Attached YN
false
LISTING UPDATED: 09/24/2024 05:17 AM

Property Details for 1745 West 59th Place

StatusActive
MLS #CV23182306
Days on Market415
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.08 AC / 3,374 SF
CountyLos Angeles County

Building Information for 1745 West 59th Place

Stories1Residences-Year Built1924Building Size-Lot Size0.08 AC / 3,374 SF

Property Information for 1745 West 59th Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $3,479
  • Gross Scheduled Income: $41,746
  • Net Operating Income: $33,681
  • Cap Rate: 5.2
Expense Details
  • Operating Expense: $8,065
  • Insurance Expense: $5,005
  • Trash Expense: $0
  • Water Sewer Expense: $3,060
  • Total Expenses: $8,065
Tax / Assessment Info
  • Tax Tract Number: 4382
  • Tax Census Tract: 2372.02
  • CFD/Mello-Roos Fee: $304
  • Tax Lot: 45
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
Exterior Features
  • Entry Location: 3 Entry Points
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Rectangular Lot, Near Public Transit
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Public
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Public
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $936
  • Unit Type Total Rent: $936
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $542
  • Unit Type Total Rent: $542
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1745 West 59th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1745 West 59th Place

Taxable ValueLand$477,543Additions$116,732Total$594,275
Tax Record2024$7,431 ($619 / month)
Home Facts
Total Finished SqFt1,656 SqFtAbove Grade Finished SqFt1,656 SqFtLot Size3,374 SqFtStyleTriplexYear Built1924ZoningLAR2CountyLOS ANGELESAPN6002-008-019

Schools near 1745 West 59th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
John Muir Middle School
Public6 to 8

Invictus Leadership Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1745 West 59th Place is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on October 5, 2023 by KELLER WILLIAMS COVINA, it's currently listed at $639,000. It has been on the market for a total of 415 days and was last sold on January 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Gifted Academy Of Math And Entrepreneurial Studies, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 1745 West 59th Place is a 4-bed, 3-bath, 1,656 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS COVINA, Fernando Reza, DRE #01451616

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.