Los Angeles, CA 90044,1306 W 59th PL

$925,000

Est. payment /mo

$900,000

2.8%
Est.Price: ?

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1306 W 59th PL Los Angeles, CA 90044

4 Beds

4 Baths

3,072 SqFt

SOLD DATE : 12/06/2024

Key Details

Sold Price $925,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,072 sqft

Price per Sqft $301

MLS Listing ID 24450091

Sold Date 12/06/24

Bedrooms 4

HOA Y/N No

Year Built 1927

Lot Size 6,006 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features None

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6003011011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
Bought with Christopher Chavez • JohnHart Real Estate
agent

Anna Taylor

Agent | License ID: 02115281

+1(562) 275-1710

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