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3617 W 60th
Los Angeles, CA 90043
West 60th Street Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- ·Well-maintained 8-unit apartment building
- ·Approx. 9,428 SF building
- ·Completed soft-story retrofit
- ·Strong two-bedroom unit mix
- ·Over $220,000 in capital improvements
- ·New roof, paint, and electrical upgrades
Executive Summary
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.
Property Facts
| Price Per Unit | $261,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.19% | Building Size | 9,428 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 | ||
| Price Per Unit | $261,000 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,428 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | LAC2 |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Tub/Shower
- Breakfast Nook
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 1 | $2,570 | - |
| 2+2 | 6 | $1,960 | - |
| 2+1 | 1 | $1,885 | - |
Property Taxes
| Parcel Number | 4004-017-001 | Improvements Assessment | $425,000 |
| Land Assessment | $1,250,000 | Total Assessment | $1,675,000 |
Property Taxes
Parcel Number
4004-017-001
Land Assessment
$1,250,000
Improvements Assessment
$425,000
Total Assessment
$1,675,000
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