3617 W 60th - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,088,000 USD
310-447-2213
3617 W 60th, Los Angeles, CA for Sale
$2,088,000 USD
Apartments - FOR SALE
1/52
null | 5.19% Cap Rate

3617 W 60th
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • ·Well-maintained 8-unit apartment building
  • ·Strong two-bedroom unit mix
  • ·Approx. 9,428 SF building
  • ·Over $220,000 in capital improvements
  • ·Completed soft-story retrofit
  • ·New roof, paint, and electrical upgrades

OVERVIEW

3617 W. 60th Street presents an exceptional opportunity to acquire a well-maintained eight-unit apartment community in South Los Angeles with over $220,000 in recent capital improvements already completed. Recent upgrades include the mandatory soft-story seismic retrofit, a new roof, exterior painting, electrical sub-panel upgrades, renovations to Units 4 and 6, an updated laundry room, a new 100-gallon water heater, and additional exterior improvements. The property features a strong unit mix consisting primarily of spacious two-bedroom floor plans within an approximately 9,428 square foot building, offering broad tenant appeal and significant rental upside through natural tenant turnover. With tenants paying their own gas and electricity and many of the property's major capital improvement projects already completed, 3617 W. 60th Street represents an outstanding value-add investment opportunity in one of Los Angeles' steadily improving rental markets.

FOR SALE DETAILS

PRICE

$2,088,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

8

PRICE/UNIT

$261,000

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West 60th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,727 SF

ZONING

LAC2

APN/PARCEL ID

4004-017-001

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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