$1,735,000
SOLD DEC 31, 2025

240 E 60th St Los Angeles, CA 90003

Florence Neighborhood
23 Beds
10 Baths
8,864 Sq Ft
9,240 Sq Ft Lot

Recently Sold

$196 Per Sq Ft

11% Below List Price

74 Days on Market

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.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 08/21/2025

RE/MAX One

Co-Listed By

Robert Carlile

RE/MAX One License #02066811

Last Buyer's Agent

Juan Michael

Forward Real Estate License #01830409

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 8864
  • Lot Acreage: 0.2122
  • Stories: 2
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Common Walls: Attached
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 203.07

Exterior Features

  • Other Structures: Stall(s)
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 6

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.78
  • Assessed Improvement Value: 864526
  • Assessed Land Percent: 39.22
  • Assessed Land Value: 557758
  • Total Assessed Value: 1422284
  • Assessor Parcel Number: 6006-008-006
  • Lot Size Area: 9240

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 8.91
  • Number Of Units: 10
  • Type Of Units: Apartment

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

Source: Public Records

Agents Affiliated with this Home

  • Chase Simonton

    Seller's Agent in 2025

    Chase Simonton

    RE/MAX

    (310) 383-5927

    1 in this area

    85 Total Sales

    Chase Simonton
    Section Image
  • Robert Carlile

    Seller Co-Listing Agent in 2025

    Robert Carlile

    RE/MAX

    (818) 346-7362

    1 in this area

    18 Total Sales

    Robert Carlile
    Section Image
  • Juan Michael

    Buyer's Agent in 2025

    Juan Michael

    Forward Real Estate

    (323) 873-6550

    1 in this area

    8 Total Sales

    Juan Michael
    Section Image
  • Max Berger

    Seller's Agent in 2024

    Max Berger

    Compass

    (310) 953-4562

    2 in this area

    37 Total Sales

    Max Berger
    Section Image
  • Pablo Hernandez

    Seller's Agent in 2017

    Pablo Hernandez

    The Network Agency

    (310) 923-6160

    36 Total Sales

    Pablo Hernandez
    Section Image

  • N

    Seller Co-Listing Agent in 2017

    Nikita Brown

    P3 Realty Inc

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 25581489

The MLS
California Los Angeles County Los Angeles 90003 Florence

240 E 60th St, Los Angeles, CA

Sold

MultiFamily

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The MLS © 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.
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