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… Read More 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. Read Less
Property listed by BRC Advisors- BH, John Katnik
Listing Snapshot
Days Online
86
Last Updated
Beds
10
3/4 Baths
8
Square Ft.
6,642
Lot Size
0.16 Acres
Year Built
1949
MLS Number
26769251
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
Built in 1949, Living area: 6642.0, 1 building, 2 stories, Levels: Two
Cooling
None
Garage
6 spaces
Heating
WallFurnace
Income
Gross Income: $172,620, Net Operating Income: $103,933
Laundry
CommonArea
Lot
0.1649 acres
Parking
2 open parking spaces, 8 total parking spaces, Garage
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.
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