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… Read More 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 Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
20
Last Updated
Property Type
Quadruplex
Lot Size
0.13 Acres
Year Built
1928
MLS Number
SB25055230
30 Days Snapshot Of 90044
$680k
+12%
(avg) sold price
15
0%
homes sold
104
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 2,881, 2 buildings, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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