$1,850,000 Price Analysis   ♡   Los Angeles, CA 90003 24 bed 10 bath 8,864 SqFt ($208/SqFt) 9,242SqFt lot. Built 1965 Listed 2024-05-29, Taxes $17,394 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
240 East 60th Street is a 10-unit courtyard-style property located minutes from several South LA thoroughfares including Broadway
* Sale Pending *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 parkng and on-site laundry facilities. 240 E. 60th can be purchased individually or as part of a 5 property South LA portfolio - please contact Li sting Agent 1.
Presented by Max Berger at
COMPASS.
Property MLS #24-397469 from TheMLSCLAW
Full Bathrooms: 10
Laundry Features: Community
Garage Description: Carport Attached
Parking Total: 6
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9242
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 1, 1 SquareFeet: 9300, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 16100
County: Los Angeles
Cross Street: E. Gage Ave. and San Pedro St.
Cap Rate: 5.94
Directions: 0.5 miles east of the 110 Freeway, 240 East 60th is between E. Slauson Ave. and E. Gage Ave.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 6006-008-006
Zoning: LAR1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $830,956 + $536,100 $1,367,056 | $17,394 |
| 2021 | $814,663 + $525,589 $1,340,252 | $17,145 |
| 2020 | $806,310 + $520,200 $1,326,510 | $17,304 |
| 2019 | $790,500 + $510,000 $1,300,500 | $16,656 |
| 2018 | $775,000 + $500,000 $1,275,000 | $16,484 |
| 2017 | $298,560 + $134,088 $432,648 | $6,348 |
| 2016 | $292,706 + $131,459 $424,165 | $6,109 |
| 2015 | $288,310 + $129,485 $417,795 | $6,034 |
| 2014 | $282,663 + $126,949 $409,612 | $6,120 |
| 2013 | $281,386 + $126,376 $407,762 | $6,120 |
| 2012 | $275,869 + $123,899 $399,768 | $6,198 |
| 2010 | $270,460 + $121,470 $391,930 | $6,029 |
| 2009 | $269,077 + $120,850 $389,927 | $5,824 |
| 2009 | $268,439 + $120,563 $389,002 | $5,824 |
| 2008 | $263,801 + $118,481 $382,282 | $5,615 |
| 2007 | $258,629 + $116,158 $374,787 | $5,407 |
$1,850,000
TheMLSCLAW
Sold 2017-12-12
$1,275,000
Public Record
Year Built: 1965
Common Walls: Attached
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 59
Property Condition: Fixer
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.