USACALos Angeles1318 W 59Th Pl
Listing image | Image 1

1318 W 59Th Pl, Los Angeles, CA

House

For Sale

Listed price in listed location currency (USD).
$950,000

756

MLS® 26848799

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 2415 sqft
Garage 
Taxes 
Days Active 0
Lot Size 0.1306 Acres
Approx. Age 1956
Avg. Price Per Sqft $393
MLS® Number 26848799

Property Address: 1318 W 59th Pl, Los Angeles, CA, 90001

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 1318 E. 59th Place, a four-unit multifamily investment opportunity in South Los Angeles, offered at a 9.13 GRM and 7.53% CAP rate based on current income. The property also presents meaningful rental upside, with the potential to achieve a 7.78 GRM and 9.38% CAP rate upon stabilization at market rents. NOTE: There is potential to deliver 1 unit VACANT at closing (contact broker for details). The property consists of two separate buildings totaling approximately 2, 415 rentable square feet. Constructed in 1956, the improvements are situated on a 5, 690 square foot LCR3YY-zoned lot and feature tandem driveway parking on both sides of the property. The unit mix includes three (3) one-bedroom/one-bathroom units and one (1) four-bedroom/one-bathroom unit, providing a desirable combination of smaller and larger floorplans. Conveniently located just east of the 110 Freeway and south of Slauson Avenue, the property benefits from excellent accessibility throughout the greater Los Angeles area. The asset is situated near the recently improved Slauson Bike Path, which has enhanced connectivity and transportation options within the surrounding community. Residents enjoy convenient access to the Slauson Avenue and Compton Avenue Metro stations, multiple bus lines, and nearby employment and retail corridors. Nearby recreational amenities include South Los Angeles Wetlands Park, South Park Recreation Center & Pool, Augustus F. Hawkins Nature Park, and Slauson Recreation Center, offering tenants a variety of outdoor and community resources.
MLS® Number26848799
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1956
Basement
DrivewayDriveway
Garage Spaces
Heat
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 17, 2026List Date
$950,000List Price
  • Commute

Commute

Starting Address
Destination Address
1318 W 59Th Pl, Los Angeles, CA

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