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1217 W 60Th Pl, Los Angeles, CA 90044
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1217 W 60Th Pl Los Angeles, CA 90044

$848,000
  • 6 Beds
  • 3 Baths
  • 2,649 Sq.Ft.
For Sale
$848,000 Get Pre-Qualified
Map preview of 1217 W 60Th Pl, Los Angeles, CA 90044

Property Overview: 1217 W 60Th Pl Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,649 living square feet and 6,259 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Darin Spillman | BRE #01366902 | Kidder Mathews of California, Inc.
Last checked: 4 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 102
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Home details

Lot Sq. Ft
6,259
HOA Dues
$0/mo
Year built
1931
Garage
3 Car
Property Type:
Multi Family
Status
Active
MLS#
24351675
City
Los Angeles
County
Los Angeles
Time on Site
105 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: 13.08
  • Gross Scheduled Income: --
  • Net Operating Income: $49,800
  • Gross Operating Income: $64,800
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1217 W 60Th Pl

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Property Details for 1217 W 60Th Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 6003016019
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Slauson, between Western and Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 1217 W 60Th Pl

Last sold for $675,957 on March 2nd, 2021

  • January, 2024

  • Jan 23, 2024

    Date

    Active

    CRMLS: 24351675

    $998,000

    Price

  • March, 2021

  • Mar 2, 2021

    Date

    Sold (Public Records)

    Public Records

    $675,957

    Price

  • February, 2021

  • Feb 24, 2021

    Date

    Canceled

    CRMLS: PW21004206

    $515,000

    Price

  • Jan 8, 2021

    Date

    Pending

    CRMLS: PW21004206

    $515,000

    Price

  • Jan 8, 2021

    Date

    Active

    CRMLS: PW21004206

    $515,000

    Price

  • Listing provided courtesy of CRMLS

    Multi Family subject to short sale approval.

  • May, 2019

  • May 1, 2019

    Date

    Expired

    CRMLS: 18401158

    $540,000

    Price

  • Mar 4, 2019

    Date

    Withdrawn

    CRMLS: 18401158

    $540,000

    Price

  • Feb 27, 2019

    Date

    Hold

    CRMLS: 18401158

    $540,000

    Price

  • Feb 12, 2019

    Date

    Active

    CRMLS: 18401158

    $540,000

    Price

  • Jan 3, 2019

    Date

    Withdrawn

    CRMLS: 18401158

    $540,000

    Price

  • Dec 27, 2018

    Date

    Hold

    CRMLS: 18401158

    $540,000

    Price

  • Dec 27, 2018

    Date

    Active

    CRMLS: 18401158

    $540,000

    Price

  • Dec 17, 2018

    Date

    Hold

    CRMLS: 18401158

    $540,000

    Price

  • Dec 17, 2018

    Date

    Active

    CRMLS: 18401158

    $540,000

    Price

  • Dec 8, 2018

    Date

    Hold

    CRMLS: 18401158

    $540,000

    Price

  • Nov 30, 2018

    Date

    Active

    CRMLS: 18401158

    $540,000

    Price

  • Nov 15, 2018

    Date

    Pending

    CRMLS: 18401158

    $540,000

    Price

  • Oct 30, 2018

    Date

    Active

    CRMLS: 18401158

    $540,000

    Price

  • Listing provided courtesy of CRMLS

    DESIRABLE LIVING IN 3 UNIT BUILDING - Units are spacious and warm with great sunlight entering the property, there is are 2 bed rooms in all units. Property features a long driveway for multiple parking spaces. The back unit has a separate laundry area and 3 garages. This is an overall great property with good earning potential. One unit is vacant. close to everything. 10 minutes to new stadium. CASH ONLY PLEASE, back units has repairs.

  • November, 2001

  • Nov 1, 2001

    Date

    Sold (Public Records)

    Public Records

    $210,000

    Price

Show More

Tax History for 1217 W 60Th Pl

Assessed Value (2020): $626,617
Year Land Value Improved Value Assessed Value
2020 $437,205 $189,412 $626,617

Home Value Compared to the Market

This property vs the competition

1217 W 60Th Pl is listed 31.34% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $320.12 per/sqft which puts the price per square foot 58.64% lower than the median price per square foot for the city of Los Angeles.

About 1217 W 60Th Pl

Detailed summary of property

1217 W 60Th Pl is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 2,649 living square feet, and sits on an approximately 6,259 square foot lot. 1217 W 60Th Pl was first listed on ArdentRealEstateGroup.com on January 25, 2024. The homeowner is currently asking $848,000 and was originally asking $998,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.34% lower than the median priced home. Local competing homes currently for sale include 1601 W 59th Pl, 937 W 68th St and 815 W 62nd Pl. While the average home in Los Angeles, CA is selling in 94 days, 1217 W 60Th Pl has a days on market of 102 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1217 W 60Th Pl Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1217 W 60Th Pl

Public county record property details
Beds
6
Baths
3
Year built
1931
Sq. Ft.
2,649
Lot Size
6,257
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
100
APN
6003-016-019

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$515
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
82
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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