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Sold on 10/11/2024
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1159 E 59th St, Long Beach, CA 90805

$799,000

Last sold 10/11/2024 for $795K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1159 E 59th St

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Lot size 5,388 Sqft
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
We are proud to present 1159 E. 59th Street and 5900 Cerritos Avenue, a unique opportunity featuring two separate homes on one spacious corner lot. Each home is fully detached, offering private yards and dedicated parking. Both residences are two-bedroom, one-bath layouts, perfect for families or tenants. The home at 5900 Cerritos Ave boasts a brand new roof, while the home at 1159 E. 59th will be delivered vacant, ready for immediate occupancy. This setup is ideal for those looking to live in one home and rent out the other home or for investors seeking a promising addition to their portfolio. The vacant home has been freshly painted inside and out, ensuring it is move-in ready. Don’t miss this chance to own a versatile property with excellent investment potential.
Listed by
Listing Agent - Juan Huizar
Listing Agent Contact: 562-307-0838
Listing Office - Sage Real Estate
Source: CRMLS mls logo
MLS#PW24156717 • last updated 2 years ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Duplex
Status Closed
Lot Size (Acres) 0.1237
Lot Size (SqFt) 5388
Year Built 1924
Interior
Laundry In Garage
Appliances Gas Range
Accessibility Features None
Exterior
Building Area Square Feet, 1598
Parking Driveway, Garage
# Uncovered Spaces 2
# Parking Spaces 3
# Garage Spaces 1
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Curbs
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Zoning LBR1N
Directions From Atlantic, Head West On 59th St. The Property Is On Your Left, Just Before Orange Ave.
APN 7124024016
Multifamily Details
Operating Expense 12401
Expense: Insurance 654
Total Expenses 12401
Expense: Maintenance 800
Expense: Water/ Sewer 960
Gross Income 58044
Gross Operating Income 58044
Gross Scheduled Income 58044
$799K
Range: $727K-$870K
Last 30 days 
Rental est.: $1,492/month
Gross rent multiplier: 44.4
  • Oct 2024
    mls logo MLS # PW24156717
  • Oct 11, 2024 Sold
    $795,000
  • Sep 26, 2024 Pending
    —
  • Aug 21, 2024 Active
    —
  • Jul 31, 2024 Listed
    $799,000 (+2.6%)
  • Oct 2024
    Public Records
  • Oct 11, 2024 Sold
    $795,000 (-0.5%)
  • Nov 2022
    mls logo MLS # OC22228684
  • Nov 30, 2022 Price Change
    $779,000 (-2.5%)
  • Oct 24, 2022 Listed
    $799,000 (+88.0%)
  • May 2005
    Public Records
  • May 18, 2005 Sold
    $425,000
  • Year Property taxes Tax assessment
  • 2024
    $7,608 +1.7%
    $580,781
  • 2023
    $7,479 +6.5%
    $580,781 +4.04%
  • 2022
    $7,023 +2.1%
    $558,231 +2.0%
  • 2021
    $6,881 +0.3%
    $547,286 +1.04%
  • 2020
    $6,862 +6.0%
    $541,675 +2.0%
  • 2018
    $6,471 +10.5%
    $531,055 +15.45%
  • 2017
    $5,854 +11.4%
    $460,000 +5.75%
  • 2016
    $5,256 +18.3%
    $435,000
  • 2015
    $4,443
    —
  • 1159 E 59th St
    $795K
  • Houghton Park
    $269K +3% y/y
  • 90805
    $685K 0% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Harte Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Lindbergh Middle School
public Grades 6-8
Long Beach Unified School District
3/10
Jordan High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Houghton Park

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. 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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