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$749,000

Beds
2
Baths
1.0
sq ft
768

1171 E 59th Pl, Los Angeles, CA 90001

1171 E 59th Pl

Los Angeles, CA 90001

  • 4 days on market
Perfect project for investors who want to build and own for high returns. The property comes with RTI for five units in the County of LA. Three buildings. Two duplexes and one ADU. Total of 23 beds and 23 baths. These plans allow for property development that maximizes rents with master leasing via the city. Do not disturb the tenant. The property will be delivered vacant at the end of escrow.

Details

Property type

Single Family Residence

Est. home value

$558,738

Lot size

5,602 sq ft

Price per sq ft

$976

Year built

1923

HOA

No

Price History

01/24/2025
CRMLS

CRMLS #WS25018179

Listed
$749,000
+66.44%
07/28/2022
CRMLS

CRMLS #DW22112489

Sold
$450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Corevest American Finance Lender Llc

Loan start date

August 2023

Original loan amount

$371,250

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Commercial

Seller

Clever Development Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/27/2025 at 6:05 PM

Listing updated: 01/24/2025 at 8:15 PM

Listed by: EDMOND WU, LANDMARK LENDING REALTY Phone #: (626) 353-8088

MLS: CRMLS #WS25018179

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