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ResidentialIncome — 3617 W 60th Street, Los Angeles, CA

$2,088,000

3617 W 60th Street, Los Angeles, CA

$2,088,000 — 3617 W 60th Street, Los Angeles, CA — photo 1 $2,088,000 — 3617 W 60th Street, Los Angeles, CA — photo 2 $2,088,000 — 3617 W 60th Street, Los Angeles, CA — photo 3 $2,088,000 — 3617 W 60th Street, Los Angeles, CA — photo 4 $2,088,000 — 3617 W 60th Street, Los Angeles, CA — photo 5
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About this property

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 details

Year built
1964
Property type
ResidentialIncome

Location

3617 W 60th Street • Los Angeles, CA 90043

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Listed by

John Stiegler II · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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