240 E 60th Street, Los Angeles, CA 90003

Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
240 E 60th Street,Los Angeles, CA 90003
$1,895,000
  • 23 Beds
  • 10 Baths
  • 8,864 sq. ft.
  • Multi-family
  • Active
Listed by:chase simonton
Office:re/max one
MLS#:25581489
Source:CRMLS

Price summary

  • Price:$1,895,000
  • Price per sq. ft.:$213.79

About this home

(8.67 GRM / 7.25 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $213.79 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:35 day(s) ago
  • Updated:September 22, 2025 at 04:27 PM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$1,895,000
  • Price per sq. ft.:$213.79
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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