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850 W 60th St, Los Angeles, CA 90044
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850 W 60th St Los Angeles, CA 90044

$450,000 Sold Price as of 01/22/2020
  • 4 Beds
  • 4 Baths
  • 2,304 Sq.Ft.
Sold
$450,000 Sold Price as of 01/22/2020 Refinance Your Mortgage
Map preview of 850 W 60th St, Los Angeles, CA 90044

Property Overview: 850 W 60th St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,304 living square feet and 5,198 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Here is a great opportunity to own income property in LA. Located just across the the street from Augustus Hawkins High, one of the newest, most modern High Schools in Los Angeles Unified. Invest in a property with lots of potential. Four units all one bedroom each. Rents per month are $750, $750, $800, $800.

Listed by Qubie Vazquez | BRE #01944844 | Coldwell Banker
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,198
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB19277403
City
Los Angeles
County
Los Angeles
Time on Site
1353 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.94%
  • Gross Rent Multiplier: 13.04
  • Gross Scheduled Income: $37,200
  • Net Operating Income: $19,131
  • Gross Operating Income: $37,200
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $18,069
  • New Taxes: $5,626
  • Trash: $0
  • Insurance: $1,843
  • Maintenance: $1,000
  • Water/Sewer: $9,600

Property Details for 850 W 60th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 6004009018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: East of Hoover and 60th St.
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 850 W 60th St

Last sold for $450,000 on January 22nd, 2020

  • January, 2020

  • Jan 22, 2020

    Date

    Sold

    CRMLS: SB19277403

    $450,000

    Price

  • Dec 30, 2019

    Date

    Pending

    CRMLS: SB19277403

    $485,000

    Price

  • Dec 18, 2019

    Date

    Active Under Contract

    CRMLS: SB19277403

    $485,000

    Price

  • Dec 10, 2019

    Date

    Pending

    CRMLS: SB19277403

    $485,000

    Price

  • Dec 8, 2019

    Date

    Hold

    CRMLS: SB19277403

    $485,000

    Price

  • Dec 8, 2019

    Date

    Active

    CRMLS: SB19277403

    $485,000

    Price

  • January, 2020

  • Jan 22, 2020

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 850 W 60th St

Assessed Value (2020): $35,595
Year Land Value Improved Value Assessed Value
2020 $21,715 $13,880 $35,595

Home Value Compared to the Market

This property vs the competition

850 W 60th St sold on January 22, 2020 for 56.7% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $210.5 per/sqft which puts the price per square foot 70.92% lower than the current median sale per square foot for the city of Los Angeles.

About 850 W 60th St

Detailed summary of property

850 W 60th St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,304 living square feet, and sits on an approximately 5,198 square foot lot. 850 W 60th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $450,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 56.7% lower than the current median priced home. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 850 W 60th St 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 850 W 60th St

Public county record property details
Beds
4
Baths
4
Year built
1924
Sq. Ft.
2,304
Lot Size
5,197
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
6004-009-018

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
$649,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
93
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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