1512 W 60th St - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$875,000 USD
213-225-7223
1512 W 60th St, Los Angeles, CA for Sale
$875,000 USD
Apartments - FOR SALE
1/10
null | 7.14% Cap Rate

1512 W 60th St
Los Angeles, CA 90047
South Central LA


OVERVIEW

We are pleased to present a 6-unit community located at 1512 W 60th Street consisting of 6 separate bungalow structures. The building currently operates at an 8.58 GRM and 7.14% CAP Rate on actual rents with rental upside potential to a 6.23 GRM and 11.22% CAP Rate on pro-forma rents. With 6 separate bungalow structures built in 1928 on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The units consist of six (6) one bedroom one-bathroom standalone bungalows totaling 2,112 rentable square feet located on a 7,023 square foot LAR1 lot that also features 6 on-site parking spaces in the rear of the property accessible by alley which can either continue to serve as parking or for future ADUs. Contact the listing broker for additional information. Agent Remarks : Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

7.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Separate Bungalows - 8.58 GRM - 7.15% CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,023 SF

ZONING

LAR1

APN/PARCEL ID

6002-018-032

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.