4462 W 59th Street, Los Angeles, CA 90043 (MLS # 26769251)
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We are 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.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/21/2026 |
|---|---|---|---|
| YEAR BUILT | 1949 | COMMUNITY | PHHT - Park Hills Heights |
| GARAGE SPACES | 6.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Microwave, Refrigerator |
| AREA | PHHT - Park Hills Heights |
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7183 sq ft |
| LOT DIMENSIONS | 7182 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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