Pre CofO sale for OPPORTUNITY ZONE Investors! New modern 8 unit apartment building in the final stages of construction in the desired part of Los Angeles, bordered line with Huntington Park and only 7 miles from DTLA! 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). This property is perfect investors who are LOOKING IN OPPORTUNITY ZONES! Yes that right, this property is located in an OZ. Investors get to enjoy a nice cash flow off this home with of a pro-forma of $309,360 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 today’s 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, however, if you are a value added type of investor; why not turn this property into 12 units by making 4 ADUS? (buyer to verify with city). 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 Details
Property Features
Property Information:
Year Built: 2024
Stories: 2
Listing Office:
Office Name: VIP Real Estate Firm
Office Phone: (310) 730-9489
Listing Agent: Daniel Terrazas
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 12 spaces
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: 59h and hooper
Price Information
Listing Price Info
Price Summary:
List Price: $3,795,000
Tax Information:
Annual Amount: $1,270
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.7M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #DW24215271
Listing Office:
Office Name: VIP Real Estate Firm
Office Phone: (310) 730-9489
Listing Agent: Daniel Terrazas
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/24/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,270
$50,526
2020
$1,240
$50,009
2019
$1,142
$49,029
2018
$1,120
$48,069
2017
$1,120
$47,127
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Dr. Lawrence H. Moore Math / Science / Technology Academy
1321 E 61st St
Distance between this listing and this school0.17 miles
Public District Grades KG-5
5
/10
Aurora Elementary School
1050 E 52nd Pl
Distance between this listing and this school0.61 miles
Public District Grades KG-5
4
/10
Miramonte Elementary School
1400 E 68th St
Distance between this listing and this school0.61 miles
Public District Grades KG-5
Nearby Schools
3
/10
Thomas Alva Edison Middle School
6500 Hooper Ave
Distance between this listing and this school0.41 miles
Public District Grades 6-8
3
/10
Los Angeles Academy Middle School
644 E 56th St
Distance between this listing and this school0.68 miles
Public District Grades 6-8
2
/10
George Washington Carver Middle School
4410 McKinley Ave
Distance between this listing and this school1.22 miles
Public District Grades 6-8
Nearby Schools
4
/10
Communication & Technology School - Diego Rivera Learning Complex
6100 S Central Ave
Distance between this listing and this school0.22 miles
Public District Grades 9-12
4
/10
Performing Arts Community School - Diego Rivera Learning Complex
6100 S Central Ave
Distance between this listing and this school0.22 miles
Public District Grades 9-12
6
/10
Green Design STEAM Academy - Diego Rivera Learning Complex
6100 S Central Ave
Distance between this listing and this school0.22 miles
The neighbors living near this home have an average income of $26,803. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1201 E 59th Pl
What is the listing price of this property?
The listing price of 1201 E 59th Pl property is $3,795,000.
What type of property is this?
The property 1201 E 59th Pl is a condo located in Los Angeles, California, 90001.
Is this property for sale now?
Active Listing: 1201 E 59th Pl is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,270 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 1201 E 59th Pl is 2024.
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This home is located at 1201 E 59th Pl in Los Angeles, CA and zip code 90001 in the South LA neighborhood. This home, which was built in 2024, sits on a 0.26 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $3,795,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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