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32616601
32616600

1700 W 60TH ST, LOS ANGELES, CA 90047

SK
CA 01887505
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$899,000
26 days on market
Updated 21 days ago
Opportunity zone

1700 W 60TH ST LOS ANGELES CA 90047

Details
APN 6002-016-012
Property Type Multifamily
Square Footage 2,496
Net Rentable (SqFt) 2,496
Units 4
Cap Rate 8.47%
NOI $76,128
Pro-Forma Cap Rate 7.84%
Pro-Forma NOI $70,496
Price per SqFt $360
Year Built 1924
Buildings 2
Lot Size (SqFt) 6,340
Zoning R2-1
Investment Type Stabilized

High Cash Flowing 4Plex

Marketing description

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.

Investment 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

Listing Contacts

SK
CA 01887505
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$76,128.00
$6,344.00/mo

Valuation Metrics

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DSCR
8.47%
Cap Rate
8.47%
ROI

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