1201 E 59th PL, Los Angeles, CA 90001
1201 E 59th PL, Los Angeles, CA 90001
1201 E 59th PL, Los Angeles, CA 90001
1201 E 59th PL, Los Angeles, CA 90001
1201 E 59th PL, Los Angeles, CA 90001
1201 E 59th PL, Los Angeles, CA 90001
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 3,575,000
Est. payment | /mo

0.26 Acres Lot

Save
$ 3,575,000
Est. payment | /mo
Save

0.26 Acres Lot

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Daniel Terrazas VIP RE Firm 310-730-9489, DRE #02019893

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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1201 E 59th PL