300 W 60th St - Apartments FOR SALE


Los Angeles, CA 90003- Vernon-Main
$17,850,000 USD
424-393-0160
300 W 60th St, Los Angeles, CA for Sale
$17,850,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

300 W 60th St
Los Angeles, CA 90003
Vernon-Main


HIGHLIGHTS

  • 300 W 6th Street is a 38,682-square-foot, 2025 new-construction four-story 60-unit apartment complex.
  • Prominently located in the Canndu/Avalon Garden community adjacent to Interstate 110 just 8 miles south of DTLA.
  • Offering a 100% affordable asset with 59 low-income and 1 management one-bed-one bath apartments with patios and balconies.
  • A rapidly expanding area, where population growth is expected to reach 1.26% by 2028 within a 3-mile radius.
  • Resident amenities include an Amazon Hub in the mailroom, an inviting lobby space, a game room, and three laundry rooms.

OVERVIEW

Located in the heart of South Los Angeles, this newly built four-story residential community at 300 W 60th Street provides a blend of modern design and practical living. Constructed in 2025, the multifamily property spans 38,862 square feet and consists of 60 well-designed one-bedroom apartments, ranging from 360 to 569 square feet. Nearly two-thirds of the units feature private patios or balconies, offering residents additional outdoor space. Upon entering the secure building, residents are welcomed by a thoughtfully designed lobby and common areas that enhance the living experience. The ground floor includes a 1,084-square-foot recreation room that can serve as a communal space or be converted into an office for supportive services. Additionally, the building provides convenient amenities such as a designated bicycle storage room with 48 spaces, an Amazon Hub package retrieval system, and a centralized mailbox area. Three laundry rooms are located on the second, third, and fourth floors for added convenience. In a well-connected area, this apartment complex offers excellent access to public transportation, with Metro bus stops along Broadway, including one just steps from the entrance at Broadway and W 61st Street. 300 W 60th Street's strategic placement provides residents with an easy commute to employment centers in South Los Angeles, Huntington Park, Vernon, and Downtown Los Angeles. Families will appreciate the proximity to local schools, including 61st Street Elementary, Juanita Tate Elementary, and St. Columbkille School. Residents also benefit from nearby shopping, dining, and essential services, creating a walkable and convenient neighborhood. Additionally, the property is just one block east of the 110 Freeway, with easy access from W Gage Avenue or Slauson Avenue, ensuring seamless connectivity. This newly developed property offers a well-balanced combination of affordability, modern amenities, and convenience, providing much-needed affordable housing in an accessible location for residents seeking stability and community support.

FOR SALE DETAILS

PRICE

$17,850,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

60

PRICE/UNIT

$297,500

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

60 Units - 2025 Built - 100% Affordable

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

LAC2

APN/PARCEL ID

6005-004-021

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
424-393-0160

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Reza GhobadiColliersMore Info
424-393-0160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.