1318 E 59th Pl, Los Angeles, CA 90001
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1318 E 59th Pl, Los Angeles, CA 90001
1318 E 59th Pl, Los Angeles, CA 90001
1318 E 59th Pl, Los Angeles, CA 90001
1318 E 59th Pl, Los Angeles, CA 90001
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John Francis O'Brien

John Francis O'Brien

+1(856) 287-3059
$ 950,000
Est. payment /mo
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1318 E 59th Pl Los Angeles, CA 90001

7 Beds

5 Baths

2,415 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,415 sqft

Price per Sqft $393

MLS Listing ID 26848799

Bedrooms 7

Year Built 1956

Lot Size 5,690 Sqft

Acres 0.1306

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LCR3YY

Rooms

Other Rooms None

Interior

Heating Other

Cooling None

Equipment Other

Exterior

Parking Features Driveway

Garage Spaces 6.0

Building

Lot Description Single Lot

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.
John Francis O'Brien

John Francis O'Brien

+1(856) 287-3059

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