240 E 60th St
Los Angeles,
CA
90003
Property Details
List Price: |
$1,850,000 |
Beds: |
24 |
Baths: |
-- |
Status: |
Active |
SqFt: |
8864 |
Agency: |
Compass |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1965 |
Notes: |
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. |
MlsNumber: |
24-397469 |
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Listing Provided By: |
Compass, original listing |
Name: |
Compass |
Office Name: |
Compass |
Office Phone: |
(310) 230-5478 |
Agent Name: |
Max Berger |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |