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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,725,000

Est. payment - /mo

10 Beds

8 Baths

6,642 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,642 sqft

Price per Sqft $259

MLS Listing ID 26769251

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1949

Lot Size 7,183 Sqft

Property Description

We are pleased to present the exclusive offering of 4462 W 59th St, a well-maintained 8-unit apartment building located in the desirable Windsor Hills neighborhood of Los Angeles. This investment presents an excellent opportunity to acquire a partially renovated asset in a strong rental submarket with rental upside. The property consists of 8 units, with 5 units already renovated by current ownership, offering a clear path for a new investor to continue the renovation program and unlock additional value. The property is well-maintained with major building systems in good condition, minimizing near-term capital expenditure risk. Amenities include a common area laundry room, 6 garage parking spaces, and 2 additional open parking spaces. The asset is currently offered at a 6.03% cap rate and 10.05 GRM, with strong upside to an 8.26% cap rate and 8.08 GRM upon stabilization. This provides investors with both in-place cash flow and a value-add component through continued unit renovations. Located in Windsor Hills (County of LA Rent Control), the property benefits from proximity to a wide range of retail, dining, and lifestyle amenities, as well as convenient access to LAX and major employment hubs across the Westside and greater Los Angeles.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LCR3YY

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4019010001

Special Listing Condition Standard

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Listed by John Katnik BRC Advisors- BH #02002695

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4462 W 59th ST Los Angeles, CA 90043