300 E 59th Place, Los Angeles, CA 90003

$699,000 Asking Price

3 beds
2 baths
2,185  sqft
Built in 1920

This mixed-use property presents an exceptional opportunity for savvy investors/developers to capitalize on this unique corner lot measuring 6,751 square feet and Zoned LAR3. Two separate structures with their own address (300 E. 59th Pl & 5960 San Pedro St). The home features 3 bedrooms and 1 bath with 1,261sq feet of living space. The Auto Repair structure has a bldg. size of 972 square feet. The Auto Repair business/equipment is not owned by sellers. The home is currently tenant occupied on a month-to-month basis. The auto repair has a lease agreement which ends in 5 months (February 2025). There is an existing Ad billboard on the property managed by LAMAR, on a month-to-month basis. Minutes from DTLA, close proximity to stores, shops, transportation and major freeways.

Features & Amenities

Interior

Laundry:
None
A/C:
false, None
Heating:
true, Wall Furnace
Fireplace:
None

Exterior

Pool:
None
Parking:
None

Construction

General:
1

Location

County:
Los Angeles

Lot

Zoning:
LAR3, 6006028029
View:
None

This listing courtesy of:
Pacific Inter Capital Investment Soluti, Rafael Oseguera

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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