REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,575,000
Est. payment /mo
New
1201 E 59th PL Los Angeles, CA 90001
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26192059
HOA Y/N No
Year Built 2025
Lot Size 0.257 Acres
Property Sub-Type Multi Family
Property Description
Newer modern 8 unit Townhome style building in the desired part of Los Angeles, bordered line with Huntington Park and only 7 miles from DTLA! Property is selling at approximately 6% CAP (real rent, real numbers). This complex is close to major transits. Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). Investors get to enjoy a nice cash flow off this home with an actual stabilized asset bringing in $285,900 in gross annual rents. Property has total of 20 bedrooms and 16 baths. All buildings offer a 3 bedroom, 2 bath (4 units 3/2) and a 2 bedroom, 2 bath (4 units 2/2). This apartment complex has all the modern touches in today's market such as laminate flooring, recessed lighting, quarts countertops on kitchen, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. This complex was design for you as the new owner to guarantee long terms tenants. This one spacious 11,200 lot size accommodates parking for all tenants. Property offers 12 car garage and about 7 open parking spaces. This is a big incentive for the tenants. Near retailers include Mc Donalds, Chase, Starbucks, CVS Pharmacy, Citi Bank, North Gate Market, Wing Stop, Panda Express (all walking distance) and many more. This by far one of the best properties in the Florence-Graham district, check it out before is gone!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 6008008031
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
Listed by Daniel Terrazas VIP RE Firm 310-730-9489, DRE #02019893