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$828,000
6 bed
2,649 Sqft
6,259 Sqft lot

1217 W 60th Place, Los Angeles, California 90044

  • Residential Income Property Type
  • 15 Days Time on market
  • $313 Price per sqft
  • 1931 Year Built
Property Description

3rd 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.

Basic Details
Residential Income
Buy
24351675
$828,000
6
2,649 Sqft
1931
6,259 Sqft
Pending
Condos/Co-ops
Features
: Wall Furnace
3
$0
Address
CA
Los Angeles
Los Angeles
90044
1217 W 60th Place
1217
Place
0
W119° 42' 12.5''
N33° 59' 7''
W
Additional Information
15
2
2
3
: Two
1
3
1
2,649 Sqft
0 Sqft
0 Sqft
: Assessor
0.14 Sqft
6,259 Sqft
1
0 Sqft
LAR2
6003016019
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
29/05/2024
29/05/2024 00:00:00
$848,000
: Standard
South of Slauson, between Western and Vermont
Destrahan
Harry Hurst
Kidder Mathews of California, Inc.
Darin Spillman
CLW-X8241002
CLW-X91036
$0
5.8
: Laminate
1
1
1
0
0
1
1
2
3
64800
US-06037-N-6003016019-R-N
25/01/2024 21:55:41
60th
C34 - Los Angeles Southwest
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