1306 W 59th Place, Los Angeles, CA 90044
Property · 2 recorded sales since 2018
Sold December 2024
Listing Agent: Casey Lins (DRE #01902650) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Christopher Chavez · JohnHart Real Estate · MLS #24450091 · Source: CRMLS
About this property
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.
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history
