1306 W 59Th Place, Los Angeles, CA 90044

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.

Interior Features

Bedroom Information
Bedrooms 4
Bathroom Information
Bathrooms 4
Interior Information
Cooling Type None

Listing Information

Address 1306 W 59Th Place
City Los Angeles
State CA
Zip 90044
County Los Angeles
Listing Agent Casey Lins DRE #01902650
Courtesy Of Kidder Mathews of California, Inc.
List Price $900,000
Status Active
Type Residential Income
Structure Size 3,072
Lot Size 6,007
Year Built 1927

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 7th, 2024 at 11:55 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.