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8 Units in Windsor Hills! Over a 6 Cap Day 1! 4462 W 59th St 8 Unit Apartment Building $2,353,314 CAD ($294,164 CAD/Unit) 6.03% Cap Rate Los Angeles, CA 90043
Investment 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
- RUBS In Place - Minimizing Landlord Expenses
- Well-Maintained Asset – Building systems are in good condition, reducing near-term capital expenditure needs.
- Desirable Windsor Hills Location – Close to quality retail, restaurants, and major employment centers, with easy access to LAX.
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$235,495
|
$35.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,029
|
$1.06
|
| Effective Gross Income |
$228,467
|
$34.40
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$86,677
|
$13.05
|
| Net Operating Income |
$141,790
|
$21.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $235,495 |
| Annual Per SF | $35.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,029 |
| Annual Per SF | $1.06 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $228,467 |
| Annual Per SF | $34.40 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $86,677 |
| Annual Per SF | $13.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $141,790 |
| Annual Per SF | $21.35 |
Property Facts
| Price | $2,353,314 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $294,164 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.03% | Building Size | 6,642 SF |
| Gross Rent Multiplier | 10.05 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $2,353,314 CAD |
| Price Per Unit | $294,164 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 10.05 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,642 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,194 CAD | 750 |
| 2+1 | 2 | $2,634 CAD | 975 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4019-010-001 | Improvements Assessment | $638,377 CAD |
| Land Assessment | $537,577 CAD | Total Assessment | $1,175,954 CAD |
Property Taxes
Parcel Number
4019-010-001
Land Assessment
$537,577 CAD
Improvements Assessment
$638,377 CAD
Total Assessment
$1,175,954 CAD
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8 Units in Windsor Hills! Over a 6 Cap Day 1! | 4462 W 59th St
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