1217 60th Place, Los Angeles

$848,000

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6 Beds
3 Baths
2,649 Sqft
.14 Acre
3 Garages

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.

Essential Information

MLS® #
24351675
Price
$848,000
Bedrooms
6
Bathrooms
3.00
Square Footage
2,649
Acres
0.14
Year Built
1931
Type
Residential Income
Status
Active

Community Information

Address
1217 60th Place
Area
C34 - Los Angeles Southwest
City
Los Angeles
County
Los Angeles
Zip Code
90044
Senior Community
N

Amenities

Parking Spaces
3
# of Garages
3

Interior

Interior
Laminate
Heating
Wall Furnace
Cooling
None
# of Stories
2
Stories
Two

Additional Information

Date Listed
January 23rd, 2024
Days on Market
100
Zoning
LAR2

Listing Details

Agent
Darin Spillman

Office

Kidder Mathews of California, Inc.

Property History
Price Reduced from $928,000 to $848,000
Price Reduced from $998,000 to $928,000

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Darin Spillman - Kidder Mathews of California, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 1:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.