4-Unit Multifamily
For Sale
$950,000
1318 E 59th Pl, Los Angeles, CA 90001
Two separate buildings contain three one-bedroom homes and one four-bedroom home.
Property Size2,415 SF
Lot Size0.13 Acres
Price / SF$393.37
Days on Market133
Property Features for 1318 E 59th Pl
General Information
Standard status
Active
Size
2,415 SF
Net Rentable
2,415 SF
Lot size
0.13 Acres
Property subtype
MULTI_FAMILY
Zoning
LCR3YY
Financials
Cap Rate
7.53%
Gross Rent Multiplier
9.13
Site & Location
Neighborhood
Vermont-Slauson
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR/1BA, 1 x 4BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,415 SF
Year Built
1956
Buildings
2
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Bedrockrealestategroup
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
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 Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property comprises two buildings with approximately 2,415 rentable square feet. Built in 1956, the buildings sit on a 5,690-square-foot lot zoned LCR3YY. The unit mix consists of three one-bedroom, one-bathroom units and one four-bedroom, one-bathroom unit. Tandem driveway parking is available along both sides of the property.
The property is east of the 110 Freeway and south of Slauson Avenue. Nearby transit includes the Slauson Avenue and Compton Avenue Metro stations and multiple bus lines. The Slauson Bike Path, South Los Angeles Wetlands Park, South Park Recreation Center & Pool, Augustus F. Hawkins Nature Park, and Slauson Recreation Center are also in the surrounding area.
Based on current income, the property is presented at a 9.13 GRM and 7.53% CAP rate. At market rents upon stabilization, the stated figures are a 7.78 GRM and 9.38% CAP rate.
The property is east of the 110 Freeway and south of Slauson Avenue. Nearby transit includes the Slauson Avenue and Compton Avenue Metro stations and multiple bus lines. The Slauson Bike Path, South Los Angeles Wetlands Park, South Park Recreation Center & Pool, Augustus F. Hawkins Nature Park, and Slauson Recreation Center are also in the surrounding area.
Based on current income, the property is presented at a 9.13 GRM and 7.53% CAP rate. At market rents upon stabilization, the stated figures are a 7.78 GRM and 9.38% CAP rate.
Key Highlights
- Four residential units across two separate buildings
- Three 1‑bedroom/1‑bathroom units and one 4‑bedroom/1‑bathroom unit
- Approximately 2,415 rentable square feet on a 5,690 square foot lot
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two separate buildings contain three one-bedroom homes and one four-bedroom home.
Where is this quadplex located?
The property is located at 1318 E 59th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four residential units across two separate buildings; Three 1‑bedroom/1‑bathroom units and one 4‑bedroom/1‑bathroom unit; Approximately 2,415 rentable square feet on a 5,690 square foot lot
