Pending

240 E 60th Street

Los Angeles CA, 90003

$1,850,000


$208.71 per sqft

Pending

24 Beds

10 Baths

8,864 sqft

Residential

Built in 1965

Listed by Max Berger with Compass 310-230-5478

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 29, 2024

Listed

July 8, 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


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

7/8/2024

Pending

Listing Contact: 310-230-5478 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/8/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/8/2024 at 8:14 PM UTC

 

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