4462 W 59th Street, Los Angeles, CA 90043
List Price: $1.73M
Listing Status: Active
0Days on Market: 0
10 Bedrooms · 8 Bathrooms · 6,642 sq ft
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 7,182 sq ft
Garage Spaces: 6
Private Pool: Yes
MLS Number: 26769251
About This Property
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.
Listing provided by: John Katnik DRE #02002695 310-956-2291 john@brcadvisors.com, BRC Advisors- BH
Source: CRMLS, MLS #: 26769251
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.