160 59Th Street

Los Angeles, California 90003
For Sale $439,000
  • 0.13 acre lot
  • Built 1912
  • Multi-Residential Building
  • MLS# WS16720398
  • Status Active Under Contract

More Property Info for 160 59Th Street

***LOWEST PRICE PER SQUARE FOOT DUPLEX IN THE AREA*** 2 legal Units, with a BONUS 3RD UNIT, on a Palm Tree Lined Street! PERFECT FOR FHA-203K, or Conventional Financing. Front House is a 4 Bedroom Original Craftsman Home, with tons of Charm, and boasting Over 1,760sf. With a little TLC, this unit will shine! All original Wood floors, and Beamed Ceilings round out the Living and Dining Areas. Stone Wall Fireplace, Original Wood Framed Windows and Doors, keep the Integrity in tact, and Built Ins and Pillars are just the Cherry on top! This house can be Restored to its original Glory, very easily... Long Driveway for Parking. Rear Structure is a 2 car garage with Barn style doors. Upstairs Houses a 2 Bedroom 1 bath Rental Unit, and Bonus 3rd Unit Downstairs, intended for storage, but is a functional Studio with small Kitchen and Bath.. This property has the potential for a 9%Cap rate if Rents are Increased and 3rd unit rent is collected. Rents are not currently at Max Potential, and Expenses are extremely low. Rear 2 bedroom unit Collects $1,280/Month in rental income, and Bonus unit can Potentially collect $700/month. Live in the front house, and collect nearly $2K/month in rent to s

Property Highlights

  • Los Angeles County
  • Lot: 0.13 acres
  • Built 1912
  • Geo Coordinates: 33.987, -118.276
  • ZIP: 90003
  • Days On Homeswing: 103
  • County Or Parish: Los Angeles
  • Directions: South on Broadway, Left on 59th Street. Property will be on right hand side.
  • Garage Spaces: 2.00
  • Lot Features: Yard
  • Lot Size Acres: 0.13
  • MLS Area Major: C37 - Metropolitan South
  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Parcel Number: 6005012001
  • Parking Total: 2.00
  • Pool Features: None
  • Water Source: Public
  • Year Built: 1912
  • Zoning: LAR2

Community Information for 160 59Th Street

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Monthly Payment for 160 59Th Street

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 4.00%
Price: $439,000
Down Payment: - $87,800 (20%)
Loan Amount: = $351,200
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
Down Payment

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Listing Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of 1/17/2017 10:20:53 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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License: 01760623
License: 02005754
Rapisarda Real Estate
License: 01915989
Heritage Sotheby's International Realty

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