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Newly Built Units | TOC Affordable Housing 300 W 60th St 60 Apartment Units Online Auction Sale Los Angeles, CA 90003
Matterport 3D Tours
Investment Highlights
- Savvy investors can acquire this turnkey, low-income multifamily property in the South Los Angeles Canndu/Avalon Gardens neighborhood.
- Recently finished in 2025, this modern multifamily property boasts 60 one-bedroom units with balconies and on-site laundry facilities.
- Area demographics are promising for buyers, as 69% of residents within a 2-mile radius of the property live in renter-occupied households.
- Accessibility to and from the property is a breeze as it is positioned just off the 110 Freeway with Metro and bus stops within walking distance.
- Centrally placed, this asset allows for easy access to Downtown LA, Culver City, and beaches, making it an ideal location for residents.
Executive Summary
Situated in the center of South Los Angeles, this newly constructed affordable housing community at 300 W 60th Street provides buyers with a turnkey opportunity.
Completed in 2025, the striking 38,682-square-foot property presents a rare investment opportunity consisting of 60 sleek one-bedroom apartments, each spanning 360 to 569 square feet. Nearly two-thirds of the units include private patios or balconies, offering residents coveted outdoor space and city views. Secure entry ushers tenants into a refined lobby and inviting common areas that elevate the daily experience. The ground floor boasts a flexible 1,084-square-foot recreation room, perfect for community gatherings or supportive service offices. Investors will value premium amenities such as a dedicated bicycle storage room with 48 spaces, an Amazon Hub package retrieval system, and a centralized mailbox area. Three laundry rooms thoughtfully placed on upper floors provide built-in convenience. Delivered fully vacant, 300 W 60th Street grants investors unmatched flexibility, ideal for leasing to government tenants at market rates and capturing long-term stability in a high-demand market.
Offering superb connectivity for residents, 300 W 60th Street is close to public transportation with Metro bus stops on Broadway, including one conveniently just steps from the entrance at Broadway and W 61st Street. The prime location enables residents to easily commute to major employment centers in South Los Angeles, Huntington Park, Vernon, and Downtown Los Angeles. In addition to excellent transit options, the area provides a walkable environment with shopping, dining, and essential services nearby. Just one block east of the 110 Freeway, with access via W Gage Avenue or Slauson Avenue, 300 W 60th Street ensures effortless travel throughout the city.
Los Angeles stands out as a top investment market, being the nation’s second-largest metro and a hub for diverse industries like entertainment, tourism, international trade, and aerospace. The city’s world-renowned universities attract top talent and fuel ongoing economic growth, making it an ideal location for real estate investment.
This newly developed property offers a well-balanced combination of affordability, modern amenities, and convenience, providing much-needed affordable housing in an accessible location.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Completed in 2025, the striking 38,682-square-foot property presents a rare investment opportunity consisting of 60 sleek one-bedroom apartments, each spanning 360 to 569 square feet. Nearly two-thirds of the units include private patios or balconies, offering residents coveted outdoor space and city views. Secure entry ushers tenants into a refined lobby and inviting common areas that elevate the daily experience. The ground floor boasts a flexible 1,084-square-foot recreation room, perfect for community gatherings or supportive service offices. Investors will value premium amenities such as a dedicated bicycle storage room with 48 spaces, an Amazon Hub package retrieval system, and a centralized mailbox area. Three laundry rooms thoughtfully placed on upper floors provide built-in convenience. Delivered fully vacant, 300 W 60th Street grants investors unmatched flexibility, ideal for leasing to government tenants at market rates and capturing long-term stability in a high-demand market.
Offering superb connectivity for residents, 300 W 60th Street is close to public transportation with Metro bus stops on Broadway, including one conveniently just steps from the entrance at Broadway and W 61st Street. The prime location enables residents to easily commute to major employment centers in South Los Angeles, Huntington Park, Vernon, and Downtown Los Angeles. In addition to excellent transit options, the area provides a walkable environment with shopping, dining, and essential services nearby. Just one block east of the 110 Freeway, with access via W Gage Avenue or Slauson Avenue, 300 W 60th Street ensures effortless travel throughout the city.
Los Angeles stands out as a top investment market, being the nation’s second-largest metro and a hub for diverse industries like entertainment, tourism, international trade, and aerospace. The city’s world-renowned universities attract top talent and fuel ongoing economic growth, making it an ideal location for real estate investment.
This newly developed property offers a well-balanced combination of affordability, modern amenities, and convenience, providing much-needed affordable housing in an accessible location.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Condition | Auction Sale | Lot Size | 0.36 AC |
| Type of Ownership | Fee Simple | Building Size | 38,862 SF |
| No. Units | 60 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Mid-Rise | Parcel Number | 6005-004-021 |
| Zoning | LAC2 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 38,862 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2025 |
| Zoning | LAC2 |
| Parcel Number | 6005-004-021 |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Range
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | 360 - 569 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Sale Advisor
Sale Advisor
Reza Ghobadi, Executive Vice President
Reza Ghobadi
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
About the Auction Technology
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Auction Contact
Molly Patten
Contact
Auctioneer License:
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1 of 26
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Newly Built Units | TOC Affordable Housing | 300 W 60th St
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Newly Built Units | TOC Affordable Housing | 300 W 60th St
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