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$749,000
Est. payment /mo
6,246 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25264503
HOA Y/N No
Year Built 1928
Lot Size 6,246 Sqft
Property Sub-Type Duplex
Property Description
Two fully detached homes on an oversized corner lot offer exceptional value in the area, with strong in-place income and long-term upside. 1301 W 60th Pl is a separately metered true duplex comprised of two fully independent California-style bungalows, each with private yards and parking. The front two-bedroom, one-bath home is tenant occupied on a month-to-month lease at $2,249 per month, providing immediate income with future flexibility. Market rent for similar units in the area supports continued upside over time in accordance with local regulations. The rear one-bedroom, one-bath home, approximately 748 square feet, has been fully remodeled and is currently vacant. Market rent for the rear unit is estimated around $2,200 per month, allowing a buyer to place a tenant immediately or explore alternative use depending on their strategy. The property also benefits from an existing mortgage with a highly favorable 2.625% assumable interest rate, creating a significant affordability advantage in today's higher-rate environment. Both homes feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes, making the property low-maintenance and turnkey. Situated on a 6,247 square foot corner lot, the layout provides excellent separation between the two structures, dedicated outdoor areas for each unit, and convenient parking access. Located between Vermont and Normandie, the property offers quick access to freeways, transit, and ongoing neighborhood redevelopment, presenting a strong opportunity for buyers seeking stable income, rental upside, and long-term value growth.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6003017025
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard
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Listed by Samuel Woldeyesus Compass 949-689-1558
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