822 West 60th Street

Los Angeles, CA 90044

$929,000
Price
13
Beds
9
Baths
2,957 Sq. Ft.
$314 / Sq. Ft.
2,957
Sq. Ft.
$314
per Sq. Ft.

Description

Rarely does a cash flow property like this come on the market - Incredible opportunity to own a high income producing duplex in South LA. Rare unit mix of a large 7BD, 4BA lower unit achieving $4,800 per month and upper 6BD, 4BA unit receiving $4,500 per month - exceptional cash flow with a 7.1 CAP rate! Large open kitchen spaces freshly tiled. Fully gated with 2 detached 2 car garages off the alley - great ADU potential. Unbelievable rental income and cash flow producing asset in close proximity...Rarely does a cash flow property like this come on the market - Incredible opportunity to own a high income producing duplex in South LA. Rare unit mix of a large 7BD, 4BA lower unit achieving $4,800 per month and upper 6BD, 4BA unit receiving $4,500 per month - exceptional cash flow with a 7.1 CAP rate! Large open kitchen spaces freshly tiled. Fully gated with 2 detached 2 car garages off the alley - great ADU potential. Unbelievable rental income and cash flow producing asset in close proximity to downtown, the westside and freeways.
  1. Listed by Grant Linscott • DRE #01715002 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 822 West 60th Street

Zoning
LAR2
Style
Traditional
Parcel Number
6004009006
Total Units
2.0
Living Area
2957
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
0

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Grant Linscott, DRE #01715002
Add your commute
LISTING UPDATED: 04/15/2024 06:40 PM

Property Details for 822 West 60th Street

StatusPending
MLS #24-345657
Days on Market26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1890
Lot Size0.15 AC / 6,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Grant Linscott, DRE #01715002
Add your commute

Building Information for 822 West 60th Street

Stories2Residences-Year Built1890Building Size-Lot Size0.15 AC / 6,502 SF

Payment Calculator

$6,084 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,070

Property Taxes

$1,014

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 822 West 60th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Security Features: Gated
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $111,600
  • Net Operating Income: $65,704.00
  • Gross Income: $111,600
  • Cap Rate: 7.10%
  • Gross Rent Multiplier: $8.28
  • Actual Annual Gross Rent: $111,600.00
  • Owner Pays: Water, Electricity, Gas
  • Total Annual Expense: 45896
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1493
  • Lot Size Square Feet: 6502
Parking Details
Parking Details
  • Parking Garage: Detached, Garage - 2 Car, Garage Is Detached, Gated, Parking Space, Shared Driveway
  • Total Parking: 8
  • Covered Parking: 4
  • Open Other Spaces Total: 7
  • Garage Spaces Total: 4
  • Parking Features: Garage - Two Door, Gated, Parking Space, Shared Driveway
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Cooking Appliances: Gas/Electric Range
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-20-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 7
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,800.00
  • Unit Actual Rent: $4,800.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 6
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $241,769.00
  • Assessed Improvement Percent: 24.73
  • Assessed Land Value: $735,824.00
  • Assessed Land Percent: 75.27
  • Assessed Total Value: $977,593.00

Property History for 822 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 822 West 60th Street

Taxable ValueLand$735,824Additions$241,769Total$977,593
Tax Record2023$12,163 ($1,014 / month)
Home Facts
Total Finished SqFt2,957 SqFtAbove Grade Finished SqFt2,957 SqFtLot Size6,500 SqFtStyleDuplexYear Built1890ZoningLAR2CountyLOS ANGELESAPN6004-009-006

Schools near 822 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
Public - 9 to 12
Rating
School
Distance
Sixty-First Street Elementary School
PublicK to 6

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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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 Keller Williams Realty Los Feliz, Grant Linscott, DRE #01715002

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.