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134 W 60th Street

Los Angeles, CA 90003
  • $579,999
  • STATUS: ACTIVE
  • ON SITE: 57 Days
  • ID#: PV23016155
UPDATED: 24 min ago
$579,999
  • 4
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

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. 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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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/136692113
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134 W 60th Street Los Angeles, CA 90003

  • Price: $579,999
  • Status: ACTIVE
  • On Site: 57 Days
  • Updated: 24 min ago
  • ID#: PV23016155
4
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Los Angeles (90003)
County:
Los Angeles
Area:
Los Angeles (90003)
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. 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

Pool N/K Spa N/K

Interior Features

Cooling Wall/Window Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Actual Cap Rate 2.69 Annual Expense Actual 7690 Assessments N/K Buildings 2 Cfd Mello Roos Fee 281.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 19.44 Gross Scheduled Income Actual 30015 Home Owners Fees 0.0 Monthly Total Fees 23 Possession Close Of Escrow Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 835.0 Unit2 Rent Actual 814.0 Unit3 Rent Actual 836.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Keller Williams Palos Verdes: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128