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240 E 60th St
Los Angeles CA 90003 US

$1,800,000

Active Listing ID 25581489
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23 bed
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Lot: 0.21 Acres
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Other

$1,800,000

Active Listing ID 25581489
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240 E 60th St (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 opportunity in a rapidly improving pocket of South Los Angeles, ideal for investors seeking stable income, immediate upside, and long-term growth.

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Property Features

  • Facts
  • Lot Size: 0.21 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Multi Units, Wall Unit(s)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1800000
  • unparsedaddress: 240 E 60th St
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90003
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2122
  • lotsizeunits: Acres
  • lotsizearea: 0.2122
  • livingarea: 8864
  • livingareaunits: Square Feet
  • listagentfullname: Chase Simonton
  • listagentemail: Chase@RemaxOneCommercial.com
  • listagentkey: 3yd-CLAWCA-X85641
  • listagentmlsid: X85641
  • listagentpreferredphone: 8183663300
  • listagentofficephone: 8183663300
  • listofficekey: 3yd-CLAWCA-X01091
  • listofficemlsid: X01091
  • disclaimer: Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1965
  • listingcontractdate: 2025-08-21
  • listagenturl: http://maxoneproperties.com
  • countyorparish: Los Angeles
  • parcelnumber: 6006-008-006
  • cooling: Multi Units, Wall Unit(s)
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 6
  • parkingfeatures: Carport
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Re/Max One", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Chase@RemaxOneCommercial.com", "ListBrokerageCity":null, "ListBrokerageCountry":null, "ListBrokerageEmail":"pattip@maxoneproperties.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Re/Max One", "ListBrokeragePhone":"(818) 674-1745", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":"http://maxoneproperties.com", "ListOfficeAddress1":"11141 Tampa Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"C134863", "ListOfficeCity":"Porter Ranch", "ListOfficeCountry":"US", "ListOfficeEmail":"pattip@maxoneproperties.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":null, "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/240-E-60th-St_Los-Angeles_CA_90003_M26364-57443?f=listhub&s=CLAWCA&m=25581489&c=rexren", "MLSModificationTimestamp":"2025-10-21T08:59:22Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/21/2025 6:02:04 PM GMT
Source Updated Date: 12/6/2025 6:55:43 PM GMT

Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com

Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.