4462 W 59th St - Apartments FOR SALE


Los Angeles, CA 90043- Windsor Hills
$1,725,000 USD
310-956-2291
4462 W 59th St, Los Angeles, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/21
null | 6.03% Cap Rate

4462 W 59th St
Los Angeles, CA 90043
Windsor Hills


HIGHLIGHTS

  • Value-Add Opportunity with Strong Day 1 Income – Offered at a 6.03% cap rate and 10.05 GRM on current income with upside to a Proforma 8.26% cap rate
  • Well-Maintained Asset – Building systems are in good condition, reducing near-term capital expenditure needs.
  • RUBS In Place - Minimizing Landlord Expenses
  • Desirable Windsor Hills Location – Close to quality retail, restaurants, and major employment centers, with easy access to LAX.

OVERVIEW

John Katnik of BRC Advisors is pleased to present the exclusive offering of 4462 W 59th St, a well-maintained 8-unit apartment building located in the desirable Windsor Hills neighborhood of Los Angeles. This investment presents an excellent opportunity to acquire a partially renovated asset in a strong rental submarket with rental upside. The property consists of 8 units, with 5 units already renovated by current ownership, offering a clear path for a new investor to continue the renovation program and unlock additional value. The property is well-maintained with major building systems in good condition, minimizing near-term capital expenditure risk. Amenities include a common area laundry room, 6 garage parking spaces, and 2 additional open parking spaces. The asset is currently offered at a 6.03% cap rate and 10.05 GRM, with strong upside to an 8.26% cap rate and 8.08 GRM upon stabilization. This provides investors with both in-place cash flow and a value-add component through continued unit renovations. Located in Windsor Hills (County of LA Rent Control), the property benefits from proximity to a wide range of retail, dining, and lifestyle amenities, as well as convenient access to LAX and major employment hubs across the Westside and greater Los Angeles.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

8

PRICE/UNIT

$215,625

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units in Windsor Hills! Over a 6 Cap Day 1!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,182 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4019-010-001

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.