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1201 E 59th Place
Los Angeles Los Angeles 90001

$3,575,000
Residential Income beds: 12 baths: 8.0 0 sq. ft. built: 0

Main Photo: Residential Income for sale : 12 bedrooms : 1201 E 59th Place in Los Angeles
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
307121207
Bedrooms:
12
Bathrooms:
8
Newer modern 8 unit Townhome style building in the desired part of Los Angeles, bordered line with Huntington Park and only 7 miles from DTLA! Property is selling at approximately 6% CAP (real rent, real numbers). This complex is close to major transits. Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). Investors get to enjoy a nice cash flow off this home with an actual stabilized asset bringing in $285,900 in gross annual rents. Property has total of 20 bedrooms and 16 baths. All buildings offer a 3 bedroom, 2 bath (4 units 3/2) and a 2 bedroom, 2 bath (4 units 2/2). This apartment complex has all the modern touches in todays market such as laminate flooring, recessed lighting, quarts countertops on kitchen, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. This complex was design for you as the new owner to guarantee long terms tenants. This one spacious 11,200 lot size accommodates parking for all tenants. Property offers 12 car garage and about 7 open parking spaces. This is a big incentive for the tenants. Near retailers include Mc Donalds, Chase, Starbucks, CVS Pharmacy, Citi Bank, North Gate Market, Wing Stop, Panda Express (all walking distance) and many more. This by far one of the best properties in the Florence-Graham district, check it out before is gone!
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
4
County Or Parish:
Los Angeles
Total Building Area:
0 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
12
Bathrooms:
8
Half Bathrooms:
0
Total Stories:
2
Year Built:
0
Age (in years):
2,026 year(s)
Mello Roos Fee:
$0
Mello Roos Fee Frequency:
Year
Terms:
Cash, Conventional, Exchange, Land Contract
Cap Rate.:
6.0
Gross scheduled income:
23835.0
Operating expense:
71475.0
Number of Units:
8
Unit Number for Unit 1:
1
Unit Number for Unit 2:
2
Unit Number for Unit 3:
3
Unit Number for Unit 4:
4
59h and hooper
Site Influences:
Sidewalks
Lot Size:
11,199 sq. ft.
Parcel Number:
6008008031
Cooling:
Central Forced Air
Pool Features:
N/K
Zoning:
Public Rec
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Listed by VIP RE Firm
Data was last updated November 13, 2026 at 11:10 PM (UTC)
Area Statistics
Listings on market:
935
Avg list price:
$1,050,000
Min list price:
$359,999
Max list price:
$14,990,000
Avg days on market:
85
Min days on market:
0
Max days on market:
513
These statistics are generated based on the current listing's property type and located in Los Angeles. Average values are derived using median calculations. This data is not produced by the MLS® system.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.