Seller's Agent in 2025
Chase Simonton
RE/MAX
(310) 383-5927
1 in this area
85 Total Sales
240 E 60th St Los Angeles, CA 90003
Florence Neighborhood
23
Beds
10
Baths
8,864
Sq Ft
9,240
Sq Ft Lot
About This Home
As of December 2025(8.23 GRM / 7.70 CAP RATE w/ 48% REMAINING RENTAL UPSIDE) MASSIVE UNITS $203.07 PRICE/SQFT This 10-unit multifamily opportunity with strong in-place income and nearly 48% rental upside. The property features a desirable unit mix of seven (7) 2-Bed/1-Bath and three (3) 3-Bed/1-Bath units, all generously sized with a total building area of 8,864 SF on a 9,240 SF lot.Currently, three units are vacant and fully renovated (1 2-Bed/1-Bath and two 3-Bed/1-Bath), providing immediate leasing potential and a head start on capturing market rents. The building is further enhanced with 6 on-site parking spaces and the seismic retrofit already completed, saving a new owner both cost and compliance concerns.Attractive metrics include a 7.01% CAP rate, 8.92 GRM, and $219.99 price per SF, with significant upside remaining through unit turnover. Zoned LAR2, the property offers long-term redevelopment potential in addition to its strong cash flow profile.240 E 60th Street is a turnkey value-add opportunity in a rapidly improving pocket of South Los Angeles, ideal for investors seeking stable income, immediate upside, and long-term growth.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 9,240 Sq Ft Lot
Interior Spaces
- 8,864 Sq Ft Home
- 2-Story Property
- Courtyard Views
- Oven or Range
Bedrooms and Bathrooms
- 23 Bedrooms
- 10 Bathrooms
Parking
- 6 Parking Spaces
- Attached Carport
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 6006-008-006
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/31/2025 12/31/25 | Sold | $1,735,000 | -3.6% | $196 / Sq Ft | |
| 11/03/2025 11/03/25 | Pending | -- | -- | -- | |
| 10/21/2025 10/21/25 | Price Changed | $1,800,000 | -5.0% | $203 / Sq Ft | |
| 09/22/2025 09/22/25 | Price Changed | $1,895,000 | -2.8% | $214 / Sq Ft | |
| 08/21/2025 08/21/25 | For Sale | $1,950,000 | +9.9% | $220 / Sq Ft | |
| 08/27/2024 08/27/24 | Sold | $1,775,000 | -4.1% | $200 / Sq Ft | View Prior Sale |
| 07/08/2024 07/08/24 | Pending | -- | -- | -- | |
| 05/28/2024 05/28/24 | For Sale | $1,850,000 | +45.1% | $209 / Sq Ft | |
| 12/12/2017 12/12/17 | Sold | $1,275,000 | -15.0% | $144 / Sq Ft | View Prior Sale |
| 10/12/2017 10/12/17 | For Sale | $1,500,000 | -- | $169 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,538 | $1,775,000 | $1,000,000 | $775,000 |
| 2024 | $18,538 | $1,422,284 | $557,758 | $864,526 |
| 2023 | $18,200 | $1,394,397 | $546,822 | $847,575 |
| 2022 | $17,395 | $1,367,056 | $536,100 | $830,956 |
| 2021 | $17,145 | $1,340,252 | $525,589 | $814,663 |
| 2019 | $16,656 | $1,300,500 | $510,000 | $790,500 |
| 2018 | $16,485 | $1,275,000 | $500,000 | $775,000 |
| 2017 | $6,349 | $432,648 | $134,088 | $298,560 |
| 2016 | $6,110 | $424,165 | $131,459 | $292,706 |
| 2015 | $6,035 | $417,795 | $129,485 | $288,310 |
| 2014 | $6,120 | $409,612 | $126,949 | $282,663 |
Source: Public Records
Agents Affiliated with this Home
-
Chase Simonton
-
Robert Carlile
Seller Co-Listing Agent in 2025
Robert Carlile
RE/MAX
(818) 346-7362
1 in this area
18 Total Sales
-
Juan Michael
Buyer's Agent in 2025
Juan Michael
Forward Real Estate
(323) 873-6550
1 in this area
8 Total Sales
-
Max Berger
Seller's Agent in 2024
Max Berger
Compass
(310) 953-4562
2 in this area
37 Total Sales
-
Pablo Hernandez
Seller's Agent in 2017
Pablo Hernandez
The Network Agency
(310) 923-6160
36 Total Sales
-
N
Seller Co-Listing Agent in 2017
Nikita Brown
P3 Realty Inc
Map
Source: The MLS
MLS Number: 25581489
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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