1035 W 60th Place, Los Angeles, CA 90044 - Berkshire Hathaway HomeServices California Properties

1035 W 60th Place, Los Angeles, CA 90044

$995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Aaron Jacobson | aaron@lyonstahl.com
Lic#: 02100737
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

1035 W 60th Pl is a fully renovated, 4-plex with Approved plans for a 2-Bed/1-Bath ADU to be delivered fully vacant in one of Los Angeles’ fastest-growing neighborhoods. All four 1-Bed/1-Bath units have been modernized and are move-in ready, providing immediate income potential. The property also features brand-new subpanels, ensuring upgraded electrical infrastructure for future tenants. 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

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# SB25055230
Price: $995,000
Beds: 0
Baths: 0
Built in 1928
0.13 acres
Lot size: 0.1293
County: Los Angeles
Zoning: LAR2
Lot description: ZeroToOneUnitAcre
MLS area: C34 - Los Angeles Southwest

Last Updated: 4/17/2025

 Days On Market (DOM): 30

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 33.985268, -118.292726.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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