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4462 W 59th St 8 Unit Apartment Building $1,799,000 ($224,875/Unit) 5.60% Cap Rate Los Angeles, CA 90043
INVESTMENT HIGHLIGHTS
- Embark on the investment opportunity to purchase a superb 6,642 square foot eight-unit apartment building with immediate cash flow.
- Fully leased, offering long-term stability, abundant natural light, covered parking, on-site laundry, and secure access.
- Close to local dining establishments such as Hilltop Coffee + Kitchen, Jon & Vinny's Slauson, Woody's Bar-B-Q, Storm Burger, and Crustees.
- Within the sought-after Ladera Heights neighborhood, known for being close to LA and adjacent to LAX, and for its peaceful suburban charm.
EXECUTIVE SUMMARY
Keller Williams Commercial presents an exclusive off-market investment opportunity in the highly desirable neighborhood of Ladera Heights, Los Angeles. This eight-unit apartment building is fully occupied, offering immediate cash flow with strong rental demand in one of the city’s most sought-after communities. The property features on-site laundry facilities, covered garages, and well-maintained units with consistent tenant occupancy.
Nestled at 4462 W 59th Street, the prime location places residents in proximity to trendy shops, popular restaurants, and vibrant cafés. Commuters appreciate the easy connectivity to Interstates 405, 105, 110, and 10, providing convenient routes into Los Angeles, Santa Monica, and South Bay. Additionally, Los Angeles International Airport (LAX) is just 5.5 miles away, ensuring effortless travel for both domestic and international destinations. All these features contribute to the property's strong long-term appeal.
With great upward potential through value-add improvements or rental growth, this asset is ideal for investors seeking stability today and upside tomorrow. Don’t miss the chance to own a rare multifamily property in one of Los Angeles’ premier rental markets.
Nestled at 4462 W 59th Street, the prime location places residents in proximity to trendy shops, popular restaurants, and vibrant cafés. Commuters appreciate the easy connectivity to Interstates 405, 105, 110, and 10, providing convenient routes into Los Angeles, Santa Monica, and South Bay. Additionally, Los Angeles International Airport (LAX) is just 5.5 miles away, ensuring effortless travel for both domestic and international destinations. All these features contribute to the property's strong long-term appeal.
With great upward potential through value-add improvements or rental growth, this asset is ideal for investors seeking stability today and upside tomorrow. Don’t miss the chance to own a rare multifamily property in one of Los Angeles’ premier rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.60% | Building Size | 6,642 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.1 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1949 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $1,799,000 |
| Price Per Unit | $224,875 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.1 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,642 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Los Angeles - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 624 - 790 |
| 2+1 | 2 | - | 800 |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 4019-010-001 | Improvements Assessment | $467,936 (2025) |
| Land Assessment | $394,049 (2025) | Total Assessment | $861,985 (2025) |
PROPERTY TAXES
Parcel Number
4019-010-001
Land Assessment
$394,049 (2025)
Improvements Assessment
$467,936 (2025)
Total Assessment
$861,985 (2025)
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4462 W 59th St
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