Seven-Unit Apartment
For Sale
Contact for pricing
1301 E 59th Pl, Los Angeles, CA 90001
Two-story multifamily property with updated kitchens, on-site parking, and full occupancy.
Property Size4,924 SF
Lot Size0.14 Acres
Days on Market143
Property Features for 1301 E 59th Pl
General Information
Standard status
Active
Size
4,924 SF
Total Parking Spaces
9
Lot size
0.14 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
5.18%
Gross Rent Multiplier
12.65
Units
Unit Mix
6 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
7
Building Details
Year Built
1949
Buildings
1
Stories
2
Listing Agency:
Equity Union Commercial - Southern California
(310) 482-2200
Listed By:
Jonathan Prakash · License #CA 01483131
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:35AM
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 Equity Union Commercial - Southern California
Investment Insights
Based on property information with market context.
Located at 1301 E 59th Place in Los Angeles, this two-story apartment property was built in 1949 and contains seven units. The configuration includes six one-bedroom, one-bath apartments and one two-bedroom, two-bath apartment. Building area totals 4,924 SF on a 6,081 SF lot, with nine parking spaces. All units are currently occupied.
Recent property improvements include new kitchens, appliances, and fixtures within the units, along with a new exterior gate and fresh exterior paint. The property is in the Florence-Graham submarket of Los Angeles, California. It is not subject to Los Angeles city rent control but is subject to California Assembly Bill 1482, subject to buyer verification. The offering reflects a 12.65 GRM and 5.18% CAP.
Recent property improvements include new kitchens, appliances, and fixtures within the units, along with a new exterior gate and fresh exterior paint. The property is in the Florence-Graham submarket of Los Angeles, California. It is not subject to Los Angeles city rent control but is subject to California Assembly Bill 1482, subject to buyer verification. The offering reflects a 12.65 GRM and 5.18% CAP.
Key Highlights
- Seven‑unit property with six one‑bedroom/one‑bath units and one two‑bedroom/two‑bath unit
- 4,924 SF building on a 6,081 SF lot
- 100% occupied
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,422
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with updated kitchens, on-site parking, and full occupancy.
Where is this apartment building located?
The property is located at 1301 E 59th Pl Los Angeles, CA.
What are key features of this property?
This property features: Seven‑unit property with six one‑bedroom/one‑bath units and one two‑bedroom/two‑bath unit; 4,924 SF building on a 6,081 SF lot; 100% occupied
