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1540 W 60Th St, Los Angeles, CA 90047
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1540 W 60Th St Los Angeles, CA 90047

$1,009,000 Sold Price as of 08/11/2020
  • 8 Beds
  • 4 Baths
  • 3,120 Sq.Ft.
Sold
$1,009,000 Sold Price as of 08/11/2020 Refinance Your Mortgage
Map preview of 1540 W 60Th St, Los Angeles, CA 90047

Property Overview: 1540 W 60Th St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,120 living square feet and 5,266 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity Zone peas in a pod, this property may be an investor's chance to save big on capital gains! All are 2-bed-1-bath corner units and have the same floor plan. Units 1 and 2 are both downstairs and have service entrances on the east side of the building. Of upstairs units 3 and 4, 4 is vacant. Occupied units have Section 8 tenants. Per sellers, all units could rent at $2200 p/mo Section 8. Tenants do not have garage access; so it could draw extra rent for the new owner, as could the laundry room on the east side of the garage. Room has space for one washer and a dryer with gas hookup. Potential income for garage and laundry are not included in calculations. Property is not far from the Baldwin Hills mall and Slauson shopping center and approx 5 miles from the sprawling shopping center on Century Blvd in Inglewood. The new Inglewood Stadium and The Forum are about 4 miles SW. Coming soon: Transportation via Slauson corridor metro line

Listed by Elizabeth 'Liz' Weaver | BRE #00888554 | Pacific Playa Realty
Last checked: 15 minutes ago | Last updated: March 19th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,266
HOA Dues
$0/mo
Year built
1957
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
20589238
City
Los Angeles
County
Los Angeles
Time on Site
1222 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,217
  • Total Rent: $1,217
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.24
  • Gross Scheduled Income: --
  • Net Operating Income: $44,364
  • Gross Operating Income: $44,364
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $30
  • Trash: $50
  • Gardener: $100
  • Insurance: $150
  • Maintenance: $200
  • Water/Sewer: $300

Virtual Tour

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Property Details for 1540 W 60Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage, Outside, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Center Hall, Living Room, Master Bathroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: French/Mullioned, Blinds
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Controlled Entrance, Covered, Garage Door Opener
Lot Information
  • Lot Features: Back Yard, Front Yard, Lawn, Yard
Property Information
  • Has View
  • Total # of Units: 4
  • Parcel Number: 6002018024
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Accessibility Features: None
  • Offered With Property: Landlord owned stoves and refrigerators in Apt #1 and #3
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Slauson, east of Western, west of Normandie, north of Gage
View more facts & features

Local Los Angeles Agent

Sale History for 1540 W 60Th St

Last sold for $1,009,000 on August 11th, 2020

  • August, 2020

  • Aug 12, 2020

    Date

    Sold

    CRMLS: 20589238

    $1,009,000

    Price

  • Jun 25, 2020

    Date

    Pending

    CRMLS: 20589238

    $999,000

    Price

  • Jun 11, 2020

    Date

    Active

    CRMLS: 20589238

    $999,000

    Price

  • August, 2020

  • Aug 11, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,009,000

    Price

Show More

Tax History for 1540 W 60Th St

Assessed Value (2020): $290,620
Year Land Value Improved Value Assessed Value
2020 $95,592 $195,028 $290,620

Home Value Compared to the Market

This property vs the competition

1540 W 60Th St sold on August 11, 2020 for 16.05% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $320.19 per/sqft which puts the price per square foot 57.59% lower than the current median sale per square foot for the city of Los Angeles.

About 1540 W 60Th St

Detailed summary of property

1540 W 60Th St is a multi family that recently sold in Los Angeles, CA 90047. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,120 living square feet, and sits on an approximately 5,266 square foot lot. 1540 W 60Th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,009,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 16.05% lower than the current median priced home. Local homes that are currently for sale include 7216 S Denker Ave, 5116 S Budlong Ave and 5162 Ruthelen St. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1540 W 60Th St Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1540 W 60Th St

Public county record property details
Beds
8
Baths
4
Year built
1957
Sq. Ft.
3,120
Lot Size
5,265
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23,24
APN
6002-018-024

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$765,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
83
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), 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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