1512 W 60Th St Los Angeles, CA 90047
Six detached bungalows offer single-family feel with apartment affordability.
Lot size:
0.16 AcresProperty Features for 1512 W 60Th St
General Information
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1928
Source:
Elliman
Listing Agency: Kidder Mathews of California, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Six Bungalow Apartment Community
The property at 1512 W 60th Street is a 6-unit community consisting of six separate bungalow structures. Constructed in 1928, the units consist of six one-bedroom, one-bathroom standalone bungalows. The property totals 2,112 rentable square feet and is situated on a 7,023 square foot LAR1 lot. The community currently operates at an 8.58 GRM and a 7.14% CAP Rate on actual rents, with potential upside to a 6.23 GRM and 11.22% CAP Rate on pro-forma rents. There are six on-site parking spaces located in the rear of the property, accessible by alley. The parking area could also be used for future ADUs. Tenants benefit from the feeling of living in a single-family home combined with the affordability of apartment living.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2469613
- Latitude
- 33.9855657
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FAQs
What type of property is this?
Apartment building - Six detached bungalows offer single-family feel with apartment affordability.
Where is this apartment building located?
The property is located at 1512 W 60Th St Los Angeles, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: - High CAP Rate: Current 7.14% CAP Rate with potential to increase to 11.22% on pro-forma rents.; - Rental Income: Operates at an 8.58 GRM with rental upside potential to a 6.23 GRM.; - Six Separate Bungalows: Offers tenants the feel of single-family home living.