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    240 E 60Th St Los Angeles, CA 90003

    Under Contract
    For Sale
    $1,800,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    8,864 SF
    Lot size:
    0.21 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 240 E 60Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    LAR2
    Rooms
    Bedroom 8, Bedroom 10, Bedroom 21, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 18, Bathroom 2, Bedroom 17, Bedroom 13, Bathroom 10, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 7, Bedroom 22, Bedroom 20, Bathroom 8, Bedroom 23, Bedroom 12, Bedroom 16, Bedroom 7, Bedroom 4, Bedroom 19, Bathroom 5, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 9
    Bedrooms
    23
    Bathrooms
    10
    APN
    6006-008-006
    Parking
    6
    Parking features
    Carport
    Size
    8,864 SF
    Lot size
    0.21 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    10

    Re/Max One (818) 674-1745 [email protected]

    Listing agent Chase Simonton (818) 366-3300 License #01766871

    Listing date Nov 4, 2025

    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.

    Overview

    Multifamily Investment Opportunity in Los Angeles

    This 10-unit multifamily property in Los Angeles presents an investment opportunity with in-place income and approximately 48% rental upside. The building features a unit mix of seven 2-bed/1-bath units and three 3-bed/1-bath units. The total building area is 8,864 square feet, situated on a 9,240 square foot lot. Three units are vacant and fully renovated (one 2-bed/1-bath and two 3-bed/1-bath), offering immediate leasing potential. The property includes 6 on-site parking spaces. Seismic retrofitting has been completed. The property is zoned LAR2, offering long-term redevelopment potential in addition to its cash flow profile. The property is located in South Los Angeles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pacific Premium Service Janitorial Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.270238
    Latitude
    33.984903

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    FAQs

    What type of property is this?
    Apartment building - 10-unit multifamily property with income and rental upside.
    Where is this apartment building located?
    The property is located at 240 E 60Th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Significant Rental Upside: Nearly 48% potential increase in rental income.; - High-Value Metrics: Attractive 7.01% CAP rate and 8.92 GRM.; - Large Units: Generously sized units with a desirable mix of seven 2-Bed/1-Bath and three 3-Bed/1-Bath configurations.
    (818) 366-3300
    Request Owner's contact information
    240 E 60Th St Los Angeles, CA 90003
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    Los Angeles, CA 90003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 E 60Th St Los Angeles, CA 90003
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