$1,775,000
SOLD AUG 27, 2024

240 E 60th St Los Angeles, CA 90003

Florence Neighborhood
24 Beds
10 Baths
8,864 Sq Ft
9,242 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

4% Below List Price

41 Days on Market

Highlights

  • 6 Attached Carport Spaces
  • Laundry Facilities
  • Gated Home

About This Home

As of August 2024

240 East 60th Street is a 10-unit courtyard-style property located minutes from several South LA thoroughfares including Broadway, Main Street, Manchester Boulevard, and the 110 Freeway. This value-add property is offered at a 5.94% CAP and 9.87 GRM on current rents, $185,000 per unit, and $209 per foot. Built in 1965, 240 East 60th St. consists of (3) 3-bdrm. units and (7) 2-bdrm. units that offer approx. 63% rental upside (compared to renovated units in the area). At projected market rents, the property will stabilize at a 12.09% CAP and 6.05 GRM. Property amenities include gated entry, carport parking, and on-site laundry facilities. 240 E. 60th can be purchased individually or as part of a 5 property South LA portfolio - please contact Listing Agent 1.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 05/28/2024

Compass

Last Buyer's Agent

Max Berger

Compass License #02054048 Listed on: 05/28/2024

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,242 Sq Ft Lot
  • Gated Home

Home Design

  • Fixer Upper

Interior Spaces

  • 8,864 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 10 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Attached Carport Spaces

Community Details

  • 10 Units
  • Laundry Facilities
  • Rent Control

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
  • Price Per Unit: 185000.00
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 208.71

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Carport Spaces: 6
  • Parking Garage: Carport Attached
  • Total Parking: 6

Utilities

  • Security: Gated

Lot Info

  • Assessor Parcel Number: 6006-008-006
  • Lot Size Area: 9242

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.87
  • Number Of Units: 10
  • Rent Control: 100
  • Total Annual Expense: 72865
  • Type Of Units: Apartments
  • Vacancy Rate: 0 Units

Range of Values:

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Average Value
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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 Change Sq Ft Price
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
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
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

    81 Total Sales

    Chase Simonton
    Section Image
  • Robert Carlile

    Seller Co-Listing Agent in 2025

    Robert Carlile

    RE/MAX

    (818) 346-7362

    15 Total Sales

    Robert Carlile
    Section Image
  • Max Berger

    Seller's Agent in 2024

    Max Berger

    Compass

    (310) 953-4562

    2 in this area

    33 Total Sales

    Max Berger
    Section Image
  • Pablo Hernandez

    Seller's Agent in 2017

    Pablo Hernandez

    The Network Agency

    (310) 923-6160

    33 Total Sales

    Pablo Hernandez
    Section Image

  • N

    Seller Co-Listing Agent in 2017

    Nikita Brown

    P3 Realty Inc

    Section Image
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Map

Source: The MLS

MLS Number: 24-397469

The MLS
California Los Angeles County Los Angeles 90003 Florence

240 E 60th St, Los Angeles, CA

This home is located at 240 E 60th St, Los Angeles, CA 90003 and is currently priced at $1,775,000, approximately $200 per square foot. This property was built in 1965. 240 E 60th St is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and Aspire Slauson Academy.

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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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