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$750,000
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Property Description
2 units! Opportunity to own a residential & potential income property in Los Angeles featuring two attached units on a 4,033 sq ft lot. Built in 1924, the property offers a total of 1,835 sq ft with two units, each configured with 2 bedrooms and 1 bathroom. The layout provides functional living space and flexibility for residential income or multi-family ownership. The property includes a 2-car attached garage plus two uncovered driveway parking spaces, a gated driveway, and a fenced front yard area. Covered front porch and driveway access provide entry to the property. Located near major city destinations including Downtown Los Angeles, the Arts District, and USC Health Sciences Campus, with convenient access to Interstate 5, US-101, and Interstate 10. Nearby commercial corridors along Soto Street offer shops and restaurants. Central Los Angeles location with access to major employment centers, transportation routes, and neighborhood amenities.
Full Property Details
Full Property Details for 1259 Velasco St
General
- Price: $750,000
- Status: Active
- Type: Duplex
- Source: MRMLS
- MLS ID: CV26035957
- Updated: 3/13/2026
- Days on Market: 10 days
- Added to Site: 10 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Los Angeles
- Driving Directions: North of Olympic Blvd. / East of Lorena St.
School Information
- School District: Los Angeles Unified
Community
- Community Features: Curbs, Street Lights
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Common Walls: 1 Common Wall
- Entry Location: Street Level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,835
- Sq. Ft. Source: See Remarks
- Year Built: 1924
- Year Built Source: Public Records
Lot Features
- Property View: None
- Lot Size (Acres): 0.0926
- Lot Size (Sq. Ft.): 4,033
- Lot Size Source: Public Records
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $408.72
Disclosures and Reports
- Special Conditions: Trust
Listed by Century 21 Masters, Isait De La Fuente
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Schools
Schools serving 1259 Velasco St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Lorena Street Elementary School 1015 South Lorena Street, Los Angeles, CA 90023 | K-5 | 0.4 mi |
Robert Louis Stevenson Middle School 725 South Indiana Street, Los Angeles, CA 90023 | 6-8 | 0.8 mi |
Boyle Heights Science, Technology, Engineering and Math Magnet 2550 East 6th Street, Los Angeles, CA 90033 | 9-12 | 1.2 mi |
Theodore Roosevelt Senior High 456 South Mathews Street, Los Angeles, CA 90033 | 9-12 | 1.4 mi |
Felicitas And Gonzalo Mendez High 1200 Plaza Del Sol East, Los Angeles, CA 90033 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1259 Velasco St
Date
Details
Price
Change
Source
3/12/2026
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1259 Velasco St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,946
2%
$134,764
2%
2024
$1,914
2%
$132,123
2%
2023
$1,882
4%
$129,533
2%
2022
$1,803
2%
$126,994
2%
2021
$1,772
-1%
$124,504
1%
2020
$1,784
3%
$123,229
2%
2019
$1,724
6%
$120,814
2%
2018
$1,632
2%
$118,446
2%
2017
$1,597
4%
$116,125
2%
2016
$1,541
1%
$113,849
2%
2015
$1,521
-1%
$112,140
2%
2014
$1,534
—
$109,944
—
2013
$1,535
—
$109,448
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1259 Velasco St
1259 Velasco Street, Los Angeles, CA 90023 (MLS# CV26035957) is a Duplex property with 4 bedrooms and 2 full bathrooms. 1259 Velasco Street is currently listed for $750,000 and was received on March 12, 2026. Want to learn more about 1259 Velasco Street? Do you have questions about finding other Duplex real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

