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$ 1,095,000
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1548 W 59th PL Los Angeles, CA 90047
4,477 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25238468
HOA Y/N No
Year Built 1923
Lot Size 4,477 Sqft
Property Sub-Type Apartment
Property Description
IDEAL OWNER USER OPPORTUNITY!!
1548 W 59th Place presents an excellent investment opportunity in the heart of Los Angeles generating over $9,000/month in rental income. 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 tenant ready, 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.
1548 W 59th Place presents an excellent investment opportunity in the heart of Los Angeles generating over $9,000/month in rental income. 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 tenant ready, 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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry Laundry Room
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6002013020
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
Lease Land No
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559
