Modern 8-Unit Apartment
New
For Sale
$3,575,000
1201 E 59th Place, Los Angeles, CA 90001
Townhome-style units offer updated finishes, central AC, solar power, and individually metered utilities.
Property Size10,100 SF
Lot Size0.26 Acres
Days on Market3
Property Features for 1201 E 59th Place
General Information
Standard status
Active
Size
10,100 SF
Total Parking Spaces
19
Lot size
0.26 Acres
Property subtype
Multi Family
Financials
Cap Rate
6%
Gross Income
$285,900
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 3BR/2BA, 4 x 2BR/2BA
Multifamily Units
8
Amenities
laminate flooring
recessed lighting
quartz countertops
central AC
washroom
solar systems
Building Details
Building Size
10,100 SF
Year Built
2025
Buildings
1
Listing Agency:
VIP RE Firm
Listed By:
Daniel Terrazas · License #02019893
(562) 231-3333
Source:
Velocityrealtysd
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 2 at 4:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VIP RE Firm
Investment Insights
Based on property information with market context.
Completed in 2025, this eight-unit apartment property uses a townhome-style layout with four three-bedroom, two-bath units and four two-bedroom, two-bath units. The 20-bedroom, 16-bath configuration includes laminate flooring, recessed lighting, quartz kitchen countertops, central AC, and a laundry room. A paid-off solar system and separate utility metering, including water meters, are also in place.
The property sits near the Florence-Graham area of Los Angeles, close to Huntington Park and approximately 7 miles from Downtown Los Angeles. A Blue Line station is located a couple of blocks away, providing transit access toward Downtown Los Angeles and Downtown Long Beach. The 11,200-square-foot lot includes 12 garage parking spaces and approximately 7 open spaces. Nearby retailers include McDonald's, Chase, Starbucks, CVS Pharmacy, Citi Bank, Northgate Market, Wingstop, and Panda Express.
The property sits near the Florence-Graham area of Los Angeles, close to Huntington Park and approximately 7 miles from Downtown Los Angeles. A Blue Line station is located a couple of blocks away, providing transit access toward Downtown Los Angeles and Downtown Long Beach. The 11,200-square-foot lot includes 12 garage parking spaces and approximately 7 open spaces. Nearby retailers include McDonald's, Chase, Starbucks, CVS Pharmacy, Citi Bank, Northgate Market, Wingstop, and Panda Express.
Key Highlights
- 8‑unit apartment building completed in 2025
- Unit mix includes four 3‑bedroom/2‑bath units and four 2‑bedroom/2‑bath units
- 20 bedrooms and 16 baths across the property
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Townhome-style units offer updated finishes, central AC, solar power, and individually metered utilities.
Where is this apartment building located?
The property is located at 1201 E 59th Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: 8‑unit apartment building completed in 2025; Unit mix includes four 3‑bedroom/2‑bath units and four 2‑bedroom/2‑bath units; 20 bedrooms and 16 baths across the property
