$900,000
1306 W 59th PL Los Angeles, CA 90044
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$900,000
Est. payment /mo
4 BD
4 BA
3,072 SqFt
Active Under Contract
1306 W 59th PL Los Angeles, CA 90044
UPDATED:
10/21/2024 05:15 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $292
MLS Listing ID 24450091
Bedrooms 4
HOA Y/N No
Year Built 1927
Lot Size 6,006 Sqft
Property Description
We are pleased to present 1306 W 59th Pl, a 100% occupied 4-unit property located in Los Angeles. This property is centrally located near LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 & 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a 10.77 GRM and 6.42% CAP on current rents, with rental upside potential to an 8.52 GRM and an 8.80% CAP on pro-forma rents. The property consists of two standalone, side by side duplexes built in 1927 with a unit mix of 4 one-bedroom units, all of which have been renovated.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6003011011
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.
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