3236 West 60th Street

Los Angeles, CA 90043

$4,440,000
Price
23
Beds
21
Baths
12,040 Sq. Ft.
$369 / Sq. Ft.
12,040
Sq. Ft.
$369
per Sq. Ft.

Description

Listing Price Reduced! Submit All Offers! Seller is Motivated! This 21-unit investment opportunity is located in Hyde Park, a rapidly gentrifying area due to its vital intra-sector development, and its proximity to Leimert Park's dynamic arts district and to Inglewood's thriving business community. The property is zoned R3 and sits on a large 16,755 square foot lot. The structure boasts a NEW ROOF and NEW ELECTRIC PANELS. The unit-mix consists of 3 two-bedrooms, 17 one-bedrooms, and 1 studio. There...Listing Price Reduced! Submit All Offers! Seller is Motivated! This 21-unit investment opportunity is located in Hyde Park, a rapidly gentrifying area due to its vital intra-sector development, and its proximity to Leimert Park's dynamic arts district and to Inglewood's thriving business community. The property is zoned R3 and sits on a large 16,755 square foot lot. The structure boasts a NEW ROOF and NEW ELECTRIC PANELS. The unit-mix consists of 3 two-bedrooms, 17 one-bedrooms, and 1 studio. There are 17 secure parking spaces. All units are individually metered for gas and electricity. The property is within 500 feet of the new Hyde Park/Crenshaw metro line. The structure is seismic-retrofit compliant. The property has a 15% rental upside! Sale is not subject to a 1031 exchange.
  1. Listed by Albert Morell • DRE #00466538 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 3236 West 60th Street

Zoning
LAR3
Parcel Number
4006002007
Total Units
21.0
Living Area
12040
Source Living Area
Assessor
Area
Park Hills Heights (PHHT)
Vacancy Rate
3%
Lot Size Area
16760
LISTING UPDATED: 10/10/2024 02:33 PM

Property Details for 3236 West 60th Street

StatusActive
MLS #24-416421
Days on Market129
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.38 AC / 16,760 SF
CountyLos Angeles County

Building Information for 3236 West 60th Street

Stories2Residences-Year Built1962Building Size-Lot Size0.38 AC / 16,760 SF

Property Information for 3236 West 60th Street

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2s, 1s
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $433,140
  • Net Operating Income: $273,006.00
  • Gross Income: $433,140
  • Cap Rate: 6.10%
  • Gross Rent Multiplier: $10.20
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 160134
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3848
  • Lot Size Square Feet: 16760
  • Lot Size Dimensions: 119x140
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway - Combination
  • Total Parking: 17
  • Parking Features: Driveway - Combination
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Range/Oven
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Sprinklers: Sprinkler System
  • New Construction: No
  • Exterior Construction: Hard Coat
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-17-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $73,896.00
  • Unit Actual Rent: $73,896.00
  • Unit Projected Rent: $79,200.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $343,044.00
  • Unit Actual Rent: $343,044.00
  • Unit Projected Rent: $397,800.00
  • Like Units: 17
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $16,200.00
  • Unit Actual Rent: $16,200.00
  • Unit Projected Rent: $21,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,725,000.00
  • Assessed Improvement Percent: 36.51
  • Assessed Land Value: $3,000,000.00
  • Assessed Land Percent: 63.49
  • Assessed Total Value: $4,725,000.00

Property History for 3236 West 60th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3236 West 60th Street

Taxable ValueLand$3,060,000Additions$1,759,500Total$4,819,500
Tax Record2024$60,065 ($5,005 / month)
Home Facts
Total Finished SqFt12,040 SqFtAbove Grade Finished SqFt12,040 SqFtLot Size16,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN4006-002-007

Schools near 3236 West 60th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Yes Academy
PublicK to 5

Alliance Leadership Middle Academy
Charter6 to 8

Crete Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3236 West 60th Street is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on July 9, 2024 by Keller Williams Beverly Hills, it's currently listed at $4,440,000. It has been on the market for a total of 129 days and was last sold on September 16, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Yes Academy, Alliance Leadership Middle Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 3236 West 60th Street is a 23-bed, 21-bath, 12,040 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Albert Morell, DRE #00466538

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.