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$ 749,000
Est. payment /mo
Price Dropped by $50K
1301 W 60th Place Los Angeles, CA 90044
3 Beds
6,247 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25264503
Bedrooms 3
Lot Size 6,247 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Two fully detached homes on an oversized corner lot offer exceptional value in the area, with strong income potential and long-term upside. 1301 W 60th Pl is a separately metered true duplex consisting of two fully independent California style bungalows with private yards and parking. The front two bedroom and one bath home is occupied by an on time tenant paying $2,249 per month, with market rent estimated near $3,000. The rear one bedroom and one bath home of approximately 748 square feet has been fully remodeled and is delivered vacant, ideal for immediate market rate leasing around $2,200 per month or for an owner user looking to meaningfully reduce their monthly payment. The existing mortgage on the property carries a highly favorable 2.625% ASSUMABLE interest rate, which creates a major affordability advantage in todays market. Both homes feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes, making the property low maintenance and turnkey. The 6,247 square foot corner lot provides separation between structures, outdoor areas for each unit, and convenient parking access. The location between Vermont and Normandie offers quick access to freeways, transit, and ongoing neighborhood redevelopments, creating a strong opportunity for buyers seeking stable income, rental upside, and long term valuation growth.
Location
State CA
County Los Angeles
Zoning Assessor
Direction west 60th st and 61th st
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6003017025
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Samuel Woldeyesus Compass