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.
| MLS # | SB26170530 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 22 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | John Stiegler II |
| SQ Feet | 9,428 |
|---|---|
| Garage | 8 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Acreage | 0.20 |
| Lot Features | Rectangular Lot |
|---|
| Garage Yes / No | Yes |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Biking, Curbs, Gutters, Storm Drains, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90043) | |
Price: $2,088,000 low | high Med: $1,337,500 sqft: 9,428 low | high Med: 4,226 $ / sqft: $221 low | high Med: $339 On site: 22 low | high Med: 33.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90043) | |
Price: $2,088,000 low | high Med: $1,337,500 sqft: 9,428 low | high Med: 4,226 $ / sqft: $221 low | high Med: $339 On site: 22 low | high Med: 33.5 | |