240 E 60th Street, Los Angeles CA, 90003

Sold

Closed

240 E 60th Street

Los Angeles CA, 90003

$1,775,000

$200.25 per sqft

Sold

Closed

24 Beds

10 Baths

8,864 sqft

Residential

Built in 1965

Listed by Max Berger with Compass 818-321-4972

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.

24397469

MLSⓇ ID

May 28, 2024

Listed

October 17, 2024

Updated

Map

240 E 60th Street
Los Angeles CA, 90003

Interior Features

Total Stories: 2
Bedrooms: 24
Total Bathrooms: 10
Laundry Description: Common Area
Fireplace: No
Fireplace Description: None
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.21 Acres

Other Property Details

Area Name: C42 - Downtown L.A.
Days on Market: 41
Garage: Yes
Parking: Attached Carport
Parking Total: 6
View: No
View Description: None
County: Los Angeles
Pool: No
Zoning: LAR1

Listing History

Date	Event	Price
8/27/2024	Sold	$1,775,000
7/8/2024	Pending	—

Listing Contact: 310-230-5478

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/17/2024 at 4:20 PM UTC