Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1306 59Th Pl Los Angeles, CA 90044

    • Commercial real estate
    • 3,072 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7223858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1306 59Th Pl

    Year built
    1927
    Property size
    3,072 SF
    Property type
    Commercial real estate
    APN
    6003-011-011

    Description

    This exceptional investment opportunity presents a four-unit apartment building situated at 1306 W 59th Pl, Los Angeles, CA 90044. The property, comprised of two side-by-side duplexes built in 1927, sits on a 6,007 square foot lot and boasts a total of 3,072 square feet of net rentable space. Currently operating at 100% occupancy, the property features four renovated one-bedroom units. The asking price is $900,000, translating to $225,000 per unit and $292.97 per square foot. The current Net Operating Income (NOI) stands at $57,824, yielding a 6.42% capitalization rate. However, significant upside potential exists, with a pro-forma NOI projected at $79,217, resulting in an 8.80% pro-forma cap rate. This value-add opportunity is further enhanced by its prime location near LAX, Sofi Stadium, Downtown Los Angeles, and major freeways (105 & 110), as well as the new LAX/Crenshaw metro rail line. The property is zoned LAR2. This presents a compelling investment prospect for those seeking strong returns in a desirable Los Angeles location. The property's strong current performance, combined with the potential for increased rental income, makes this a truly attractive opportunity. The Los Angeles County Assessor's Parcel Number (APN) is 6003-011-011.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.29831468976
    Latitude
    33.986702280811

    Comparable in this City

    • $1,395,000
      4,462 SF

      Vermont Knolls Multifamily Investment

      8-unit multifamily property in Vermont Knolls neighborhood of South Los Angeles.
      732 W 76Th St, Los Angeles, CA 90044
      View Details
    • $1,550,000

      Menlo Avenue Multifamily Investment Opportunity

      10-unit multifamily property with significant upside potential in Los Angeles.
      6612 Menlo Ave, Los Angeles, CA 90044
      View Details
    • $1,950,000

      Los Angeles Multifamily Investment Opportunity

      10-unit multifamily property with significant upside potential in Los Angeles.
      1152 W 88Th St, Los Angeles, CA 90044
      View Details
    • $1,180,000

      Six-Unit Apartment Building Near Downtown

      Six-unit apartment building with on-site parking near downtown Los Angeles.
      1115 W 111Th St, Los Angeles, CA 90044
      View Details
    • $2,049,000

      Well-Maintained 10-Unit Multifamily Building

      10-unit multifamily property with renovated units and on-site parking.
      732 Imperial St, Los Angeles, CA 90044
      View Details
    • $6,400,000
      12 SF

      Multi-Family Property in Athens Neighborhood

      10-unit multi-family property in Los Angeles' Athens neighborhood.
      11503 S New Hampshire Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Sale

    • $1,395,000
      4,462 SF

      Vermont Knolls Multifamily Investment

      8-unit multifamily property in Vermont Knolls neighborhood of South Los Angeles.
      732 W 76Th St, Los Angeles, CA 90044
      View Details
    • $1,550,000

      Menlo Avenue Multifamily Investment Opportunity

      10-unit multifamily property with significant upside potential in Los Angeles.
      6612 Menlo Ave, Los Angeles, CA 90044
      View Details
    • $1,950,000

      Los Angeles Multifamily Investment Opportunity

      10-unit multifamily property with significant upside potential in Los Angeles.
      1152 W 88Th St, Los Angeles, CA 90044
      View Details
    • $1,180,000

      Six-Unit Apartment Building Near Downtown

      Six-unit apartment building with on-site parking near downtown Los Angeles.
      1115 W 111Th St, Los Angeles, CA 90044
      View Details
    • $2,049,000

      Well-Maintained 10-Unit Multifamily Building

      10-unit multifamily property with renovated units and on-site parking.
      732 Imperial St, Los Angeles, CA 90044
      View Details
    • $6,400,000
      12 SF

      Multi-Family Property in Athens Neighborhood

      10-unit multi-family property in Los Angeles' Athens neighborhood.
      11503 S New Hampshire Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • $0.65 SF/Yr
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $1.75 SF/Yr
      204,547 SF

      Industrial Property Near Ports

      Industrial property with 20 door positions and ample parking.
      20333-20335 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      5,683 SF

      Historic Los Angeles Religious Facility

      Historic religious facility suitable for redevelopment or educational purposes.
      1101 W Florence Ave, Los Angeles, CA 90044
      View Details
    • $2 SF/Yr
      900 SF

      Westchester Retail Space Available

      Retail space available for lease in Westchester, California.
      6214-6218 W Manchester Ave, Westchester, CA 90044
      View Details
    • $1.65 SF/Yr
      123,569 SF

      Torrance Warehouse with Office Space

      Class A warehouse with two-story office near LA ports.
      20100 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $0.99 SF/Yr
      17,396 SF

      Manufacturing/Distribution Building with Recent Refurbishment

      Sublease opportunity through 9/30/2028, ideal for manufacturing or distribution.
      1247-1249 E 58Th Pl, Los Angeles, CA 90044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1306 59Th Pl
    Los Angeles, CA 90044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.