Los Angeles, CA 90003,240 E 60th ST
Los Angeles, CA 90003,240 E 60th ST
Los Angeles, CA 90003,240 E 60th ST
$1,735,000
$1,800,000 3.6%
Est. payment /mo
23 Beds
10 Baths
8,864 SqFt

UPDATED:

Key Details

Sold Price $1,735,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 8,864 sqft

Price per Sqft $195

MLS Listing ID 25581489

Sold Date 12/31/25

Bedrooms 23

HOA Y/N No

Year Built 1965

Lot Size 9,239 Sqft

Property Description

(8.23 GRM / 7.70 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $203.07 PRICE/SQFT This 10-unit multifamily opportunity with strong in-place income and nearly 48% rental upside. The property features a desirable unit mix of seven (7) 2-Bed/1-Bath and three (3) 3-Bed/1-Bath units, all generously sized with a total building area of 8,864 SF on a 9,240 SF lot.Currently, three units are vacant and fully renovated (1 2-Bed/1-Bath and two 3-Bed/1-Bath), providing immediate leasing potential and a head start on capturing market rents. The building is further enhanced with 6 on-site parking spaces and the seismic retrofit already completed, saving a new owner both cost and compliance concerns.Attractive metrics include a 7.01% CAP rate, 8.92 GRM, and $219.99 price per SF, with significant upside remaining through unit turnover. Zoned LAR2, the property offers long-term redevelopment potential in addition to its strong cash flow profile.240 E 60th Street is a turnkey value-add opportunity in a rapidly improving pocket of South Los Angeles, ideal for investors seeking stable income, immediate upside, and long-term growth.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Attached Carport

View Y/N Yes

View Courtyard

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6006008006

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Chase Simonton RE/MAX One
Bought with Juan Michael Forward Real Estate

Get More Information

Melissa Seanez

Melissa Seanez

+1(626) 723-6030

Agent | License ID: 02137015

Agent License ID: 02137015

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Melissa Seanez, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.