CA > Los Angeles
Los Angeles, CA 90003,240 E 60th St
Los Angeles, CA 90003,240 E 60th St
Los Angeles, CA 90003,240 E 60th St
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$1,950,000
Est. payment /mo
23 Beds
10 Baths
8,864 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,864 sqft

Price per Sqft $219

MLS Listing ID 25581489

Bedrooms 23

Year Built 1965

Lot Size 9,240 Sqft

Acres 0.2122

Property Sub-Type Multi-Family

Property Description

(8.92 GRM / 7.01 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $219.99 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR2

Rooms

Other Rooms Stall(s)

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven

Exterior

Parking Features Carport Attached

Garage Spaces 6.0

View Y/N Yes

View Courtyard

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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Listed by RE/MAX One

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Kirshner Elkin Properties

+1(424) 214-0133

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