1341 E 59th Pl, Los Angeles, CA 90001

Property Overview

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‍Located at 1341 E 59th Pl in Los Angeles, CA, this charming quadruplex presents an excellent investment opportunity. Built in 1923, the property consists of four residential units across two buildings, providing a combined living area of 1,580 square feet on a 4,744 square-foot lot. The property's classic architecture, coupled with its location in a high-demand rental area, makes it appealing to both investors and tenants seeking comfortable, multi-family living.

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Key Property Details

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• Location: 1341 E 59th Pl, Los Angeles, CA 90001
• Lot Size: 4,744 square feet (0.11 acres)
• Total Living Area: 1,580 square feet
• Units: 4 (quadruplex)
• Construction: Wood frame
• Year Built: 1923
• Zoning: LCR3YY (residential, multi-family zoning)
• Bedrooms: 5
• Bathrooms: 4

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Investment Potential

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‍This quadruplex offers strong rental income potential due to its four separate units, ideal for an investor looking to benefit from multiple rental streams. The LCR3YY zoning allows for multi-family residential use, providing future redevelopment opportunities. Given its strategic location in a steadily appreciating market, 1341 E 59th Pl offers both stable returns and potential for long-term capital growth.

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Neighborhood and Accessibility

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‍The property is located in a vibrant neighborhood with convenient access to public transportation, retail centers, and local amenities. Nearby schools, parks, and shopping areas enhance the property’s appeal to tenants, while access to major highways makes it ideal for commuters. The neighborhood has seen consistent rental demand, benefiting from Los Angeles's robust housing market and its appeal to diverse tenant demographics.

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Market Trends and Comparable Properties

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‍The Los Angeles rental market remains resilient, with similar multi-family properties in this area seeing high occupancy rates and increasing rental values. Comparable properties reflect strong demand and pricing trends, making this property well-positioned for appreciation. As a quad-unit property, it provides a reliable income stream with reduced vacancy risks due to its multiple units.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl