1306 W 59th Place Los Angeles, CA 90044
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site4 Days
- MLS StatusActive
- MLS ID Number24450091
- Home Size Source Assessor
- Year Built1927
- Lot Size0.1379 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1306 W 59th Place Los Angeles, CA 90044
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General Features
- Parking None
- Parking Spaces 0
- Number of Stories 11
- Acreage 0.1379
- Zoning LAR2
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
Community Features
- Senior Community No
- MLS Area C34 - Los Angeles Southwest