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1301 East 59th Place

1301 East 59th Place, Los Angeles, CA 90001
Multifamily in Florence-Graham
1301 East 59th Place in Los Angeles, CA was first built in 1949 and is 75 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 8 full bathrooms. There are 8 partial bathrooms. 1301 East 59th Place has 4,924 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,081 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Mar 3, 2015 for $799,000. That's $162.27 per sqft. Prior to that sales transaction, the property was also sold in Sep 17, 2013 for $486,500. 1301 East 59th Place was last assessed in 2023. The total value of the property was assessed at $922,981. Specifically, the land the property is located on was valued at $554,484. While improvements on the property were assessed at a total of $368,497. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $13,578. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Covered Parking
Gated Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210503
05/03/2021
Studio
-
-
$1,500,000
bedrooms
Studio
bathrooms
-
-
11/18/2021
-
Derrick Vartanian
Keller Williams Silicon Beach

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 2
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,081
  • Total Building Area: 4,924
  • Gross Building Area: 4,924
  • Building Area: 4,924
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,924
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5097
  • Land Acres: 0.14
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT NO 5097 LOT/SEC 108

Ownership

  • Current Owner : ALLSTON APARTMENTS REAL ESTATE LLC
  • Previous Owner : WEST RIDGE RENTALS LLC
  • Owner Before Previous Owner: DRIVER THELMA
  • Owner Before Previous Owner 2: DRIVER LAMAR
  • Ownership Rights Codes: Tenants in Common
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 532800

Zoning

  • Zoning: LCR3YY

Geography

  • Assessors Map Reference: 52-D4
  • Subdivision Tract Number: 5097
  • Parcel: 6008-024-039
  • Lot: 108
  • Municipality: SOUTH /UNINC L ANGELES
  • Latitude: 33.9864
  • Longitude: -118.252

    Address

  • Full Address: 1301 E 59th Pl
  • Address - House Number: 1301
  • Street Direction: E
  • Address - Street Name: 59th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C003
  • 4-Digit Zip Code: 1211
  • Zip Code: 90001

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,578
  • Tax Rate Code Area: 01-166

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 919,858
  • High Value: 1,123,186
  • Low Value: 716,529

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,038,750
  • First Open Lien Mortgage Lender: LUTHER BURBANK SAVINGS
  • First Open Lien Mortgage Recording Date: Nov 18, 2021
  • First Open Lien Mortgage Loan Amount: $1,038,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $922,981
  • Assessed Land Value: $554,484
  • Assessed Improvements Value: $368,497

    Sales

  • Current Sale Contract Date: Mar 03, 2015
  • Current Sale Recording Date: Mar 06, 2015
  • Current Sale Transaction ID: 1037026772
  • Current Sale Price: $799,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 15-0245598
  • Previous Sale Recording Date: Oct 02, 2013
  • Previous Sale Contract Date: Sep 17, 2013
  • Previous Sale Amount: $486,500
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: HANMI BANK
  • First Mortgage Transaction Date: Mar 06, 2015
  • First Mortgage Loan Amount: $497,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Florence-Graham



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Frequently Asked Questions

What neighborhood is 1301 East 59th Place located in?
The 1301 East 59th Place is a multifamily located in the neighborhood of Florence-Graham in Florence-Graham, Los Angeles.
What is the average sales price for listings in 1301 East 59th Place?
The average sales price for units in 1301 East 59th Place is $1,500,000 currently.

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