CA > Los Angeles
Los Angeles, CA 90044,1035 West 60th Place
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Los Angeles, CA 90044,1035 West 60th Place
Los Angeles, CA 90044,1035 West 60th Place
Los Angeles, CA 90044,1035 West 60th Place
Los Angeles, CA 90044,1035 West 60th Place
Nicole Van Parys & Gary Nesen
Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.

$ 977,500

$ 995,000 1.8%

Est. payment /mo
Sold on 04/24/2025

1035 West 60th Place Los Angeles, CA 90044

2,881 SqFt

UPDATED:

Key Details

Sold Price $977,500

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,881 sqft

Price per Sqft $339

MLS Listing ID SB-25055230

Sold Date 04/24/25

Year Built 1928

Lot Size 5,631 Sqft

Property Sub-Type Quadruplex

Property Description

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

Location

State CA

County Los Angeles

Area C34 - Los Angeles Sw

Zoning LAR2

Interior

Laundry Gas & Electric Dryer Hookup

Exterior

Parking Features Gated

Pool None

Community Features Biking, Curbs, Sidewalks, Street Lights, Suburban, Urban

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

GET MORE INFORMATION

Name
Phone*
Message
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1035 West 60th Place