1035 W 60th PL Los Angeles, CA 90044
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB25055230
HOA Y/N No
Year Built 1928
Lot Size 5,632 Sqft
Property Sub-Type Quadruplex
Property Description
Adding even more value, the property comes with approved plans for a 2-Bed/1-Bath ADU, allowing an investor to start construction immediately. Once leased, the property will operate at an impressive 7.13% cap rate—before even factoring in the ADU. After construction, it projects a 8.58% cap rate and a 8.93 GRM (including build costs), making this an exceptional investment.
Whether you're an investor or owner-user, this 4+1 unit asset is primed for strong cash flow from day one, with the added potential to increase equity through ADU development. Prime Location: Situated in a booming submarket, 1035 W 60th Pl is just minutes from USC, Downtown LA, SoFi Stadium, and more, ensuring strong rental demand and long-term appreciation. Don't miss this opportunity to own a high-yield, value-packed multifamily property in a rapidly transforming area!
THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6003014020
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
