$848,000
1217 60th Place, Los Angeles 90044
6
Beds
3
Baths
2,649
Square feet
6,259
Lot Size
3
# Of Units
Listing Agent
Darin Spillman - Kidder Mathews of California, Inc.2nd Price Reduction! Beautiful triplex consisting of 3 spacious 2 bed 1 bath units in a quiet, tree-lined neighborhood of South L.A. centrally located between USC, Downtown L.A., Inglewood, and LAX. One of the front units is vacant and has been renovated including new flooring and kitchen upgrades. The other front unit pays $1,400. Front units are approximately 850 square feet each. The rear unit, situated above the 3 garages, pays $2,000, consists of around 949 square feet, and has been extensively renovated in 2023 with ceiling fans, granite countertops, newer kitchen cabinets, laundry room, renovated bathroom appliances, new windows and doors, and new wall furnace. The building underwent an electrical panel upgrade to 200 amp power in 2023. 1217 W. 60th Place presents an exciting opportunity for an investor or owner-occupant to purchase an extensively renovated triplex in the heart of L.A. with 33% vacancy. Fannie Mae has now adjusted guidelines for owner-occupants to qualify for conventional 30-year fixed rate financing for as low as 5% down payment. Additionally, 75% of the future rental income of the non-owner occupied units can be added to clients' qualifying monthly income.
Facts & Features
MLS® # | 24351675 |
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Price | $848,000 |
Bedrooms | 6 |
Bathrooms | 3.00 |
Square Footage | 2,649 |
Lot Size | 6,259 |
Year Built | 1931 |
Type | Residential Income |
Status | Active |
# Of Units | 3 |
Community Information
Address | 1217 60th Place |
---|---|
Area | C34 - Los Angeles Southwest |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90044 |
Amenities
Parking Spaces | 3 |
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# of Garages | 3 |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Laminate |
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Heating | Wall Furnace |
Cooling | None |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | January 23rd, 2024 |
---|---|
Days on Market | 99 |
Zoning | LAR2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Darin Spillman |
---|---|
Office | Kidder Mathews of California, Inc. |