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$ 1,725,000
Est. payment /mo
New
4462 W 59th ST Los Angeles, CA 90043
10 Beds
8 Baths
6,642 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,642 sqft
Price per Sqft $259
MLS Listing ID 26769251
Bedrooms 10
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1949
Lot Size 7,183 Sqft
Property Description
We are pleased to present the exclusive offering of 4462 W 59th St, a well-maintained 8-unit apartment building located in the desirable Windsor Hills neighborhood of Los Angeles. This investment presents an excellent opportunity to acquire a partially renovated asset in a strong rental submarket with rental upside. The property consists of 8 units, with 5 units already renovated by current ownership, offering a clear path for a new investor to continue the renovation program and unlock additional value. The property is well-maintained with major building systems in good condition, minimizing near-term capital expenditure risk. Amenities include a common area laundry room, 6 garage parking spaces, and 2 additional open parking spaces. The asset is currently offered at a 6.03% cap rate and 10.05 GRM, with strong upside to an 8.26% cap rate and 8.08 GRM upon stabilization. This provides investors with both in-place cash flow and a value-add component through continued unit renovations. Located in Windsor Hills (County of LA Rent Control), the property benefits from proximity to a wide range of retail, dining, and lifestyle amenities, as well as convenient access to LAX and major employment hubs across the Westside and greater Los Angeles.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LCR3YY
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Microwave, Refrigerator
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4019010001
Special Listing Condition Standard
Listed by John Katnik BRC Advisors- BH #02002695
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