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6 Separate Bungalows - 8.58 GRM - 7.15% CAP 1512 W 60th St 6 Unit Apartment Building $875,000 ($145,833/Unit) 7.14% Cap Rate Los Angeles, CA 90047
EXECUTIVE SUMMARY
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.
Agent Remarks : Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$62,468
|
$29.58
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $62,468 |
| Annual Per SF | $29.58 |
PROPERTY FACTS
| Price | $875,000 | Building Class | C |
| Price Per Unit | $145,833 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,112 SF |
| Cap Rate | 7.14% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.58 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 2.84/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | LAR1 - 7,023 SF Midblock LAR1 Zoned Lot. | ||
| Price | $875,000 |
| Price Per Unit | $145,833 |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| Gross Rent Multiplier | 8.58 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,112 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1928 |
| Parking Ratio | 2.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR1 - 7,023 SF Midblock LAR1 Zoned Lot. |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,413 | 352 |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 6002-018-032 | Improvements Assessment | $150,874 (2025) |
| Land Assessment | $464,232 (2025) | Total Assessment | $615,106 (2025) |
PROPERTY TAXES
Parcel Number
6002-018-032
Land Assessment
$464,232 (2025)
Improvements Assessment
$150,874 (2025)
Total Assessment
$615,106 (2025)
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6 Separate Bungalows - 8.58 GRM - 7.15% CAP | 1512 W 60th St
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