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$ 3,795,000
Est. payment /mo
Active
1201 E 59th PL Los Angeles, CA 90001
0.26 Acres Lot
UPDATED:
12/17/2024 04:18 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24215271
Originating Board California Regional MLS
Year Built 2024
Lot Size 0.257 Acres
Property Description
Pre CofO sale for OPPORTUNITY ZONE Investors! New modern 8 unit apartment building in the final stages of construction in the desired part of Los Angeles, bordered line with Huntington Park and only 7 miles from DTLA! This complex is close to major transits. Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). This property is perfect investors who are LOOKING IN OPPORTUNITY ZONES! Yes that right, this property is located in an OZ. Investors get to enjoy a nice cash flow off this home with of a pro-forma of $309,360 in gross annual rents. Property has total of 20 bedrooms and 16 baths. All buildings offer a 3 bedroom, 2 bath (4 units 3/2) and a 2 bedroom, 2 bath (4 units 2/2). This apartment complex has all the modern touches in today's market such as laminate flooring, recessed lighting, quarts countertops on kitchen, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. This complex was design for you as the new owner to guarantee long terms tenants. This one spacious 11,200 lot size accommodates parking for all tenants. Property offers 12 car garage and about 7 open parking spaces. This is a big incentive for the tenants, how
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Laundry Room
Exterior
Garage Spaces 16.0
Pool None
Building
Water District - Public
Others
Tax ID 6008008031
Special Listing Condition Not Applicable
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Listed by Daniel Terrazas • VIP Real Estate Firm