1217 West 60th Place

Los Angeles, CA 90044

$848,000
Price
6
Beds
3
Baths
2,649 Sq. Ft.
$320 / Sq. Ft.
2,649
Sq. Ft.
$320
per Sq. Ft.

Description

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...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.
  1. Listed by Darin Spillman • DRE #01366902 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1217 West 60th Place

Zoning
LAR2
Parcel Number
6003016019
Total Units
3.0
Living Area
2649
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
33%
Lot Size Area
6259

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902
Add your commute
LISTING UPDATED: 04/23/2024 07:53 AM

Property Details for 1217 West 60th Place

StatusActive
MLS #24-351675
Days on Market97
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1931
Lot Size0.14 AC / 6,259 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902
Add your commute

Building Information for 1217 West 60th Place

Stories2Residences-Year Built1931Building Size-Lot Size0.14 AC / 6,259 SF

Payment Calculator

$5,542 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,628

Property Taxes

$914

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1217 West 60th Place

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apartment
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $64,800
  • Net Operating Income: $49,800.00
  • Gross Income: $64,800
  • Cap Rate: 5.80%
  • Gross Rent Multiplier: $13.08
  • Actual Annual Gross Rent: $64,800.00
  • Actual Gross Annual Income: $64,800
  • Actual Rent Total: $64,800.00
  • Total Annual Expense: 15000
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1437
  • Lot Size Square Feet: 6259
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 3
  • Garage Spaces Total: 3
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Stone Tile, Laminate
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-25-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $249,696.00
  • Assessed Improvement Percent: 28.57
  • Assessed Land Value: $624,240.00
  • Assessed Land Percent: 71.43
  • Assessed Total Value: $873,936.00

Property History for 1217 West 60th Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1217 West 60th Place

Taxable ValueLand$624,240Additions$249,696Total$873,936
Tax Record2023$10,972 ($914 / month)
Home Facts
Total Finished SqFt2,649 SqFtAbove Grade Finished SqFt2,649 SqFtLot Size6,257 SqFtStyleTriplexYear Built1931ZoningLAR2CountyLOS ANGELESAPN6003-016-019

Schools near 1217 West 60th Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Muir Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1217 West 60th Place is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on January 23, 2024 by Kidder Mathews of California, Inc., it's currently listed at $848,000. It has been on the market for a total of 97 days and was last sold on November 1, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include ICEF Lou Dantzler Preparatory Academy Charter, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 1217 West 60th Place is a 6-bed, 3-bath, 2,649 sqft multi-family home built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.