Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
$1,095,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
50
Last Updated
Property Type
Apartment
Lot Size
0.1 Acres
Year Built
1923
MLS Number
SB25238468
Additional Details
Building
Built in 1923, 2 buildings, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $23,548
Income
Gross Income: $111,353, Gross ScheduledIncome: $111,353, Net Operating Income: $84,465
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
