1700 W 60th St 4 Unit Apartment Building Offered at $1,050,000 at a 7.08% Cap Rate Los Angeles, CA 90047

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.