$ 1,095,000
-
$1,095,000
Price -
8
Bed -
3
Bath -
2,060
SqFt
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About the Listing SB1310620 - SBJACOAAR,CLW-C144806
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.
Listing Highlights for 1548 W 59th Pl
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
SB25238468
Year Built
1923
Total Square Footage
2,060
Lot/Acreage
0.1
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6002013020
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
1548 W 59th Pl Los Angeles, CA 90047
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