CA > Los Angeles
Los Angeles, CA 90003,240 E 60th St
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Los Angeles, CA 90003,240 E 60th St
Los Angeles, CA 90003,240 E 60th St
Los Angeles, CA 90003,240 E 60th St
Los Angeles, CA 90003,240 E 60th St
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,950,000
Est. payment /mo
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Active

240 E 60th St Los Angeles, CA 90003

23 Beds

10 Baths

8,864 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,864 sqft

Price per Sqft $219

MLS Listing ID 25581489

Bedrooms 23

Year Built 1965

Lot Size 9,240 Sqft

Acres 0.2122

Property Sub-Type Multi-Family

Property Description

(8.92 GRM / 7.01 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $219.99 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 Downtown L.A.

Zoning LAR2

Rooms

Other Rooms Stall(s)

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven

Exterior

Parking Features Carport Attached

Garage Spaces 6.0

View Y/N Yes

View Courtyard

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by RE/MAX One

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Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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