4475 West 60th Street

Los Angeles, CA 90043

$1,177,000
Last Sold Price
4
Beds
4
Baths
2,174 Sq. Ft.
$541 / Sq. Ft.
2,174
Sq. Ft.
$541
per Sq. Ft.

Description

Great CORNER LOT investment! 4 UNITS TOTAL: 3 units are 1bed/1bath and 1 unit is 1 bed/1bath with a bonus rm. This unit (4477) was upgraded (2020) with new kitchen & bathroom, white faux wood blinds throughout, and has a washer & dryer hookup in the bonus rm, which gets lots of natural light. Living rm & kitchen have recessed lighting. 4477 can be delivered vacant. The GOI is based on the expectation of 4477 being rented at $2300. The next unit, 4479 is currently rented at $1875.00. It is 1b/1b and...Great CORNER LOT investment! 4 UNITS TOTAL: 3 units are 1bed/1bath and 1 unit is 1 bed/1bath with a bonus rm. This unit (4477) was upgraded (2020) with new kitchen & bathroom, white faux wood blinds throughout, and has a washer & dryer hookup in the bonus rm, which gets lots of natural light. Living rm & kitchen have recessed lighting. 4477 can be delivered vacant. The GOI is based on the expectation of 4477 being rented at $2300. The next unit, 4479 is currently rented at $1875.00. It is 1b/1b and has private exterior enclosed patio, remodeled kitchen (Dec 2022) w/new stove, microwave, granite countertops, waterproof vinyl flooring, sink, and faucet. Bathroom also has new waterproof flooring & the unit has white faux wood blinds throughout. All units have a 1-car garage (detached). 5974 & 4475 have long-term tenants paying $1273.08 & $1299.60 per month. Rear yard is fenced with 2 key & code locking entry/exit gates. Garage also has a space for laundry rm - currently used for storage - no w&d or water heater inside, but Buyer can easily add, if desired. Rear yard has Deck, dwarf orange and lemon trees. New fence installed in 2019 runs along rear yard - approx 120ft. Additional space in rear yard next to detached garage is partially cemented for patio. Balance of space great for a garden. Close to Ladera Shopping Center, Westfield Mall, 405 & 90 Fwys, Kenneth Hahn & Ladera Parks. About 20 minutes to downtown All units shown with Accepted Offer. Please do not disturb occupants or go on property. Property Sold in As-IS Condition without any warranties implied or expressed. Buyer is advised to independently investigate all aspects of the property to verify accuracy of all information through personal inspection and with appropriate professionals. Information deemed reliable but not guaranteed. Seller/Broker does not guarantee the accuracy of the square footage, lot size, or other information concerning the features or condition of the property obtained from public records or other sources, nor does the Seller/Broker guarantee projected rents.
  1. Listed by Mariko Pegs • DRE #01455476 • Brokerage DRE #01455476 • We R.I.S.E. Realty and Property Manageme

Property Details for 4475 West 60th Street

Zoning
LCR3YY
Cross Streets
Overhill Dr. & 60th St
Parcel Number
4003001005
Total Units
4.0
Living Area
2174
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0

Location

Listing Courtesy of We R.I.S.E. Realty and Property Manageme, Mariko Pegs, DRE #01455476

Sold By Compass, Michele Hooper, DRE #01180987; Compass, Leonard Hooper, DRE #02184945

Add your commute
LISTING UPDATED: 07/14/2023 02:20 PM

Property Details for 4475 West 60th Street

StatusSold
MLS #22-200121
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.15 AC / 6,708 SF
CountyLos Angeles County

Location

Listing Courtesy of We R.I.S.E. Realty and Property Manageme, Mariko Pegs, DRE #01455476

Sold By Compass, Michele Hooper, DRE #01180987; Compass, Leonard Hooper, DRE #02184945

Add your commute

Building Information for 4475 West 60th Street

Stories1Residences-Year Built1941Building Size-Lot Size0.15 AC / 6,708 SF

Payment Calculator

$7,614 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,423

Property Taxes

$1,191

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4475 West 60th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 4
  • View: Yes
  • View Description: City Lights
  • View: City Lights
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Owner Is Listing Agent, Owner Has R.E. License, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $80,964
  • Net Operating Income: $57,464.00
  • Gross Income: $80,964
  • Gross Rent Multiplier: $1.00
  • Other Income1: $79,772.00
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 23500
  • Water Expense: $2,400.00
  • Electric Expense: $1,200.00
  • Tax Expense: $13,521
  • Gardener Expense: $1,800
  • Insurance Expense: $2,474
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.154
  • Lot Size Square Feet: 6708
  • Lot Features: Back Yard, Front Yard
  • Lot Description: 2-4 Lots, Back Yard, Fenced, Front Yard, Exterior Security Lights
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: On street, Garage - 1 Car
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Street, Garage - Single Door
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Ceiling Fan
  • Heating: Floor Furnace, Natural Gas
  • Heating Type: Floor Furnace, Natural Gas
  • Flooring: Hardwood, Laminate, Carpet
  • Equipment: Garbage Disposal, Ceiling Fan, Range/Oven
  • Interior Features: Crown Moldings
  • Room Kitchen Features: Formica Counters, Granite Counters
  • Kitchen Features: Formica Counters, Granite Counters, Quartz Counters
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Cooking Appliances: Oven-Gas
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition
  • Sprinklers: Front, Rear, Sprinkler System, Sprinkler Timer
  • Patio Features: Deck(s)
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-22-2023
  • Listing Terms: Cash To New Loan, Cash, Conventional
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,273.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,299.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,875.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 1
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 0
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Patio: 1
  • Number Range: 4
  • Number Refrigerator: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $359,809.00
  • Assessed Improvement Percent: 36.31
  • Assessed Land Value: $631,251.00
  • Assessed Land Percent: 63.69
  • Assessed Total Value: $991,060.00

Property History for 4475 West 60th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4475 West 60th Street

Taxable ValueLand$656,753Additions$374,345Total$1,031,098
Tax Record2023$14,289 ($1,191 / month)
Home Facts
Total Finished SqFt2,174 SqFtAbove Grade Finished SqFt2,174 SqFtLot Size6,708 SqFtStyleQuadraplexYear Built1941ZoningLCR3YYCountyLOS ANGELESAPN4003-001-005

Schools near 4475 West 60th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Fifty-Fourth Street Elementary School
PublicK to 6

Audubon Middle School
Public6 to 8

Crete Academy
CharterK to 6

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.

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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 We R.I.S.E. Realty and Property Manageme, Mariko Pegs, DRE #01455476

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.