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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 comprised of two fully independent California-style bungalows, each with private yards and parking. The front two-bedroom, one-bath home can be delivered VACANT at close of escrow, making it ideal for both owner-occupants and investors seeking flexibility, rental upside, and long-term value.. Market rent for the front unit is estimated near $3,000 per month. The rear one-bedroom, one-bath home, approximately 748 square feet, has been fully remodeled and will be tenant occupied at $1,900 per month, providing immediate income. The property also benefits from an existing mortgage with a highly favorable 2.625% assumable interest rate, creating a significant affordability advantage in todays higher-rate environment. Both homes feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes, making the property low-maintenance and turnkey. Situated on a 6,247 square foot corner lot, the layout provides excellent separation between the two structures, dedicated outdoor areas for each unit, and convenient parking access. Located between Vermont and Normandie, the property offers quick access to freeways, transit, and ongoing neighborhood redevelopment, presenting a strong opportunity for buyers seeking owner-occupancy, stable income, rental upside, and long-term value 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
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