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1548 W 59th Pl 3 Unit Apartment Building $1,095,000 ($365,000/Unit) 7.71% Cap Rate Los Angeles, CA 90047
INVESTMENT HIGHLIGHTS
- Desirable unit mix, consisting of (1) 2 Bed/1 Bath and (2) 3 Bed/ 1 Bath
- The property is situated on a large lot, measuring at 4,480 SF, with potential to build ADUs (Buyer to Verify)
- (1) 3 Bed/ 1 Bath Unit to be delivered vacant, while occupied units are HACLA tenants, guaranteeing government income
- Conveniently located in South LA, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs
EXECUTIVE SUMMARY
1548 W 59th Place presents an excellent investment opportunity in the heart of Los Angeles. This triplex offers a balanced mix of immediate rental income and
value-add potential, appealing to both investors and owner-users. The property consists of three units totaling approximately 2,060 square feet, situated on a 4,480 square foot lot. One of the units—a spacious 3 bedroom, 1 bath unit—is currently vacant, providing the opportunity for an owner-user to occupy or for an investor to capture additional rental income at market rates. The remaining two units are leased to HACLA (Section 8) tenants, ensuring guaranteed government-backed income and long-term stability. With a 9.83 GRM and a 7.71% cap rate, 1548 W 59th Place offers strong in-place returns with further upside through strategic management or renovation. Located in a growing South Los Angeles neighborhood with easy access to major employment centers, transportation, and new development, this property stands out as a secure and income-producing asset in one of L.A.’s most dynamic rental markets.
value-add potential, appealing to both investors and owner-users. The property consists of three units totaling approximately 2,060 square feet, situated on a 4,480 square foot lot. One of the units—a spacious 3 bedroom, 1 bath unit—is currently vacant, providing the opportunity for an owner-user to occupy or for an investor to capture additional rental income at market rates. The remaining two units are leased to HACLA (Section 8) tenants, ensuring guaranteed government-backed income and long-term stability. With a 9.83 GRM and a 7.71% cap rate, 1548 W 59th Place offers strong in-place returns with further upside through strategic management or renovation. Located in a growing South Los Angeles neighborhood with easy access to major employment centers, transportation, and new development, this property stands out as a secure and income-producing asset in one of L.A.’s most dynamic rental markets.
PROPERTY FACTS
| Price | $1,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $365,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 7.71% | Building Size | 2,060 SF |
| Gross Rent Multiplier | 9.83 | Average Occupancy | 67% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,095,000 |
| Price Per Unit | $365,000 |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Gross Rent Multiplier | 9.83 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,060 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (80)
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1548 W 59th Pl
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