Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

Quick Search

    1201 59th Place, Los Angeles, CA 90001
    Image Gallery
    Property Photos
    1201 59th Place
    1. Image 0 of 74 For 1201 59th Place
    2. Image 1 of 74 For 1201 59th Place
    3. Image 2 of 74 For 1201 59th Place
    4. Image 3 of 74 For 1201 59th Place
    5. Image 4 of 74 For 1201 59th Place
    6. Image 5 of 74 For 1201 59th Place
    7. Image 6 of 74 For 1201 59th Place
    8. Image 7 of 74 For 1201 59th Place
    9. Image 8 of 74 For 1201 59th Place
    10. Image 9 of 74 For 1201 59th Place
    11. Image 10 of 74 For 1201 59th Place
    12. Image 11 of 74 For 1201 59th Place
    13. Image 12 of 74 For 1201 59th Place
    14. Image 13 of 74 For 1201 59th Place
    15. Image 14 of 74 For 1201 59th Place
    16. Image 15 of 74 For 1201 59th Place
    17. Image 16 of 74 For 1201 59th Place
    18. Image 17 of 74 For 1201 59th Place
    19. Image 18 of 74 For 1201 59th Place
    20. Image 19 of 74 For 1201 59th Place
    21. Image 20 of 74 For 1201 59th Place
    22. Image 21 of 74 For 1201 59th Place
    23. Image 22 of 74 For 1201 59th Place
    24. Image 23 of 74 For 1201 59th Place
    25. Image 24 of 74 For 1201 59th Place
    Contact Silva Babaian
    Contacting Silva Babaian
    • All fields are required.
    Schedule A Showing
    Schedule a Showing.
    • All fields are required.
    Check this box to Register with us:
    Request more information
    • MLS#: DW24215271 ( Multi-Family )
    • Street Address: 1201 59th Place
    • Viewed: 12
    • Price: $3,795,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 2025
    • Bldg sqft: 0
    • Days On Market: 131
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90001
    • Provided by: VIP Real Estate Firm
    • Contact: Daniel Daniel
    • California Regional MLS IDX
    • DMCA Notice
    • 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 todays 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, however, if you are a value added type of investor; why not turn this property into 12 units by making 4 ADUS? (buyer to verify with city). Near retailers include Mc Donalds, Chase, Starbucks, CVS Pharmacy, Citi Bank, North Gate Market, Wing Stop, Panda Express (all walking distance) and many more. This by far one of the best properties in the Florence Graham district, check it out before is gone!
    Request More Information
    • All fields are required.
    Features
    Property Type
    1. Multi-Family
    Views
    1. 12
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836