1700 W 60th St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90047

Investment Figures

Cap rate
7.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 1700 W. 60th Street, a 4-unit multifamily property located in the Harvard Park neighborhood of South Los Angeles. The property will be delivered with one vacant unit, allowing potential investors with the opportunity for to acquire this property with more favorable owner-user financing. Originally built in 1924, ownership has completed an extensive interior and exterior renovation program that includes newer roofs, new windows, updated irrigation systems, updated electrical and updated plumbing. Spanning 2,496 square feet, 1700 W 60th Street is comprised of two separate structures that are partially gated and provide tenants with on-site parking along with a front yard for two of the units. All units have separate meters for gas and electricity. The property sits on a 6,340 square foot lot zoned R2-1. The lot also carries a Tier 3 TOC designation and is located within a High-Quality Transit Incentive Corridor. Located just east of Western Avenue, between Slauson Avenue and Gage Avenue, the property offers convenient access to public transportation, neighborhood retail, and schools. Investment Highlights: • All 2 Bed/1 Bath Units • One Unit to be Delivered Vacant • Well Maintained Property • Updated Electrical & Plumbing • On-Site Parking • Owner-User Financing Opportunity

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 86 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 7.1% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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