21
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$849,000
Est. payment /mo
Open Sun 1PM-3PM
1301 W 60th PL Los Angeles, CA 90044
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Open House
Sun Nov 23, 1:00pm - 3:00pm
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25264503
HOA Y/N No
Year Built 1928
Property Sub-Type Duplex
Property Description
Two fully detached homes on one corner lot offering 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 significantly reduce their monthly payment. The existing mortgage on the property carries a highly favorable 2.62% interest rate, and buyers may have an opportunity to assume this financing subject to lender approval which creates a major affordability advantage in today's market. Both units feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes which makes the property low maintenance and turnkey. The 6,247 square foot corner lot provides separation between structures, outdoor areas for each unit, and easy parking access. The location between Vermont and Normandie offers quick access to freeways, transit, and continued neighborhood redevelopment which creates a promising opportunity for investors seeking stable income, rental upside, and long term valuation growth.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6003017025
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
Listed by Samuel Woldeyesus Compass 949-689-1558
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