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240 60th Street
Los Angeles, CA 90003
Sold
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.
PROPERTY INFORMATION
| MLS # | 24397469 | Lot Size | 9,242 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,850,000
Price Per SqFt: $ 209 |
DOM | 341 Days |
| Address | 240 60th Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 8,864 Sq. Ft. |
| Postal Code | 90003 | Garage | N/A |
| County | Los Angeles | Year Built | 1965 |
| Bed / Bath | 24 / 0 | Parking | 6 |
| Built In | 1965 | Status | Closed |
| Sold Date | 2024-08-27 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 76 (Very Walkable)
Transit Score: 70 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,973
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/29/2024 | Listed | $1,850,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Max Berger, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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, 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.
