1306 W 59th Pl Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $292
MLS Listing ID 24-450091
Bedrooms 4
Year Built 1927
Lot Size 6,007 Sqft
Acres 0.1379
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 Los Angeles Southwest
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Garage None
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard