1700 W 60th St - Multi-Family FOR SALE


Los Angeles, CA 90047- South Central LA
$1,050,000 USD
818-212-2696
1700 W 60th St, Los Angeles, CA for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/13
null | 7.08% Cap Rate

1700 W 60th St
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • All 2 Bed/1 Bath Units
  • One Unit to be Delivered Vacant
  • Well Maintained Property
  • Updated Electrical & Plumbing
  • On-Site Parking
  • Owner-User Financing Opportunity

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 1700 W. 60th Street, a 4-unit multifamily property located in the Harvard Park neighborhood of South Los Angeles. The property will be delivered with one vacant unit, allowing potential investors with the opportunity for to acquire this property with more favorable owner-user financing. Originally built in 1924, ownership has completed an extensive interior and exterior renovation program that includes newer roofs, new windows, updated irrigation systems, updated electrical and updated plumbing. Spanning 2,496 square feet, 1700 W 60th Street is comprised of two separate structures that are partially gated and provide tenants with on-site parking along with a front yard for two of the units. All units have separate meters for gas and electricity. The property sits on a 6,340 square foot lot zoned R2-1. The lot also carries a Tier 3 TOC designation and is located within a High-Quality Transit Incentive Corridor. Located just east of Western Avenue, between Slauson Avenue and Gage Avenue, the property offers convenient access to public transportation, neighborhood retail, and schools.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR2-1

APN/PARCEL ID

6002-016-012

ASK ABOUT THIS PROPERTY

Sara VitaMarcus & MillichapMore Info
818-212-2696

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

Sara VitaMarcus & MillichapMore Info
818-212-2696

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