240 E 60th Street, Los Angeles, CA 90003

Local realty services provided by:Better Homes and Gardens Real Estate Champions
240 E 60th Street,Los Angeles, CA 90003
$1,800,000
  • 23 Beds
  • 10 Baths
  • 8,864 sq. ft.
  • Multi-family
  • Active
Listed by: chase simonton, robert carlile
Office: re/max one
MLS#:25581489
Source:CRMLS

Price summary

  • Price:$1,800,000
  • Price per sq. ft.:$203.07

About this home

(8.23 GRM / 7.70 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $203.07 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

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Home facts

  • Year built:1965
  • Listing ID #:25581489
  • Added:81 day(s) ago
  • Updated:November 11, 2025 at 11:43 AM

Rooms and interior

  • Bedrooms:23
  • Total bathrooms:10
  • Living area:8,864 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1965
  • Building area:8,864 sq. ft.
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$1,800,000
  • Price per sq. ft.:$203.07
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