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$850,000

  • Sold
  • Closed
  • Multi-Family
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Very nice corner location at corner of 5868 Deane Ave and 59th St. in highly desirable Park Hills Heights neighborhood. The unit mix consists of 3 units - one 2 bedroom + 1 bath unit and two 1 bedroom + 1 bath units with each unit having its own garage. Based on the gross building area of 2,461 square feet, the average unit size is approximately 820 square feet. Situated near Windsor Hills and neighboring communities of Park Mesa Heights, Leimert Park, View Park, Crenshaw Manor, and Baldwin Hills. Ideal property for an owner/user or an astute investor looking to take advantage of long-term rental growth. Value add property. The 1 bedroom 1 bath front house will be delivered vacant, which will allow the buyer to refresh and rent at FMV. One unit is located over the garage. Rents are super low so huge potential rental upside. The site is rectangular shaped with a total land area of 6,625± square feet, or 0.15± acre. The topography of the site is level and situated at street grade. Constructed in 1941, the property is regulated by the Rent Stabilization Board.

Full Property Details for 5868 Deane Ave

General

  • Sold For: $850,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB25057029
  • Added to Site: 308 day(s) ago

Interior

  • Fireplace(s): None

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 3
  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: PHHT - Park Hills Heights
  • County: Los Angeles
  • Development Name: PHHT - Park Hills Heights
  • Driving Directions: From Crenshaw go west on Slauson and turn south on Deane Ave.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Entry Location: 59th
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,461
  • Year Built: 1941

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1521
  • Lot Size Source: Assessor
  • Zoning: LAR1
  • Lot Description: Corner Lot, Front Yard, Rectangular Lot, Level

Financial Considerations

  • Price Per Sq. Ft.: $345.39
  • Price Per Unit: 299833

Listed by Lyon Stahl Investment Real Estate, Inc., Michael Millea
Sold by Exclusive Realty Inc, Gwendolyn J. Thomas

Listing agent

— 5868 Deane Ave —

  • Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

310-233-2800

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5868 Deane Ave

School District:Los Angeles Unified School District
NameGradesDistance
Fifty-Fourth Street Elementary School
5501 Eileen Avenue, Los Angeles, CA 90043
K-50.4 mi
Horace Mann Ucla Community
7001 South Saint Andrews Place, Los Angeles, CA 90047
6-81.6 mi
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
5010 11th Avenue, Los Angeles, CA 90043
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5868 Deane Ave

Date
Details
Price
Change
Source
12/17/2025
Sold
$850,000
-5.5%
MLS
3/14/2025
Listed
$899,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc., Michael Millea
Sold by Exclusive Realty Inc, Gwendolyn J. Thomas

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5868 Deane Avenue, Los Angeles, CA 90043 (MLS# SB25057029) is a Multi-Family property that was sold at $850,000 on December 17, 2025. Want to learn more about 5868 Deane Avenue? Do you have questions about finding other Multi-Family 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.