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134 W 60th Street

Los Angeles (City), CA 90003
  • $545,000
  • STATUS: Active
  • ON SITE: 500 Days
  • ID#: PV23016155
UPDATED: 45 min ago
$545,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Dounia Zamora of West Shores Realty, Inc. (310-541-8000)


Description

This is the lowest priced property in the area for 3 units with lots of potential for a huge value add. The large detached garage can be developed and converted to an ADU turning this property to a 4 unit instead of 3. There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. This property is comprised of three separate structures its own privates entrance in the alley and lots of parking with a long driveway. This invesmnet is centrally located in South LA next to multiple schools, restaurants, 110 freeway and more. A short commute to Downtown Los Angeles, Lax and the Beach Cities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T13:31:38.647. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/136694947
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134 W 60th Street Los Angeles (City), CA 90003

  • Price: $545,000
  • Status: Active
  • On Site: 500 Days
  • Updated: 45 min ago
  • ID#: PV23016155
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
This is the lowest priced property in the area for 3 units with lots of potential for a huge value add. The large detached garage can be developed and converted to an ADU turning this property to a 4 unit instead of 3. There is a significant upside in the current rents offering the new owner the ability to also remodel and make this a great cash flowing investment. This property is comprised of three separate structures its own privates entrance in the alley and lots of parking with a long driveway. This invesmnet is centrally located in South LA next to multiple schools, restaurants, 110 freeway and more. A short commute to Downtown Los Angeles, Lax and the Beach Cities.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Features Door-MultiGaragePaved Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 2.69 Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 22325 Gross Scheduled Income 30015 Insurance Expense 2536 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 22325 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 19684 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 2485.63 Trash Expense 0 Water Sewer Expense 597.92 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T13:31:38.647. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Dounia Zamora of West Shores Realty, Inc. (310-541-8000)