240 60th Street, Los Angeles, CA 90003
-
Listed Price :
$1,850,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1965
Property Description
240 East 60th Street is a 10-unit courtyard-style property located minutes from several South LA thoroughfares including Broadway, Main Street, Manchester Boulevard, and the 110 Freeway. This value-add property is offered at a 5.94% CAP and 9.87 GRM on current rents, $185,000 per unit, and $209 per foot. Built in 1965, 240 East 60th St. consists of (3) 3-bdrm. units and (7) 2-bdrm. units that offer approx. 63% rental upside (compared to renovated units in the area). At projected market rents, the property will stabilize at a 12.09% CAP and 6.05 GRM. Property amenities include gated entry, carport parking, and on-site laundry facilities. 240 E. 60th can be purchased individually or as part of a 5 property South LA portfolio - please contact Listing Agent 1.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Listing Information
Address |
240 60th Street |
City |
Los Angeles |
State |
CA |
Zip |
90003 |
County |
Los Angeles |
Listing Agent |
Max Berger DRE #02054048 |
Courtesy Of |
Compass |
List Price |
$1,850,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
9,242 |
Year Built |
1965 |
Listing information courtesy of: Max Berger, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 5th, 2024 at 5:12 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.