• 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/acdb06f4-3800-4481-a18a-333b8a7a2936.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/e644d7b9-4978-4989-a3ea-dfcd57ade64b.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/e5f54eec-ee05-47e7-9cff-07428beca5f5.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/2f2ed77f-85eb-4995-b834-a097d83ed842.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/dc1ebc99-0536-4552-81c4-55466eadbc0c.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/6379ef2e-6d35-460a-9a42-bcfb7fb56ec5.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/0e10ddd3-4e5a-4e6b-9f93-fb81755705d1.jpg
  • 240 E 60th Street, Los Angeles CA: https://media.crmls.org/mediaz/1a3508ae-c039-43cf-b3b9-606e4ed04a1f.jpg

240 E 60th Street, Los Angeles, CA 90003

| 8,864 SQ/FT

Offered at $1,950,000

(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.