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$1,900,000   Price Analysis
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3617 W 60th St
Los Angeles, CA 90043
16 bed 15 bath 9,428 SqFt ($201/SqFt)
8,727SqFt lot. Built 1964
Listed 2024-06-05, Taxes $8,555
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Great investment opportunity in Park Mesa Heights.

* Has Contingent Offer *

Over 9, 400 SF of living space in this 8 unit building, comprised of (5)2BD + 2BA, (2)2BD + 1BA and (1)2BD + 2.5BA. Frontal unit boasts a cozy fireplace and scenic balcony, ideal for relaxation. Each tenant is allocated one off street parking space and access to an on site laundry facility. This property is uniquely positioned in an area that is rapidly evolving, both in terms of gentrificat ion and its central location.

Just a short 3 minute walk to the Crenshaw/LAX Metro Transit K Line which provides direct access onto LAX and a connection to Downtown or Santa Monica. 1 mile from View Park-Windsor Hills and 2.5 miles from SoFi Stadium & the Inglewood Forum. Fully ccupied. Sold As-Is, $238 Per SF. DO NOT DISTURB TENANTS.


Presented by Eena Douglass at
Exp Realty Of California Inc.
Listing Agent Photo

Property MLS #SB24113780 from CRMLS

Bedrooms: 16

Laundry Features: Common Area

Full Bathrooms: 15

Carport Spaces: 5
Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Carport, Garage, No Driveway
Parking Total: 8

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.2003444
Lot Size Source: Assessor
Lot Size Square Feet: 8727

Number of Units: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1

Gardener Expense: 1200.00
Maintenance Expense: 1800.00

Number of Units Leased: 7
Tenant Pays: Electricity
Rent Control: Yes

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 6.47
Source Property Type: Residential Income
Insurance Expense: 7000.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
New Taxes Expense: 21240.00
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 4004017001
Trash Expense: 3240.00
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$407,514 + $186,000
$593,514
$8,555
2021$399,524 + $182,353
$581,877
$8,402
2020$395,428 + $180,484
$575,912
$8,465
2019$387,675 + $176,946
$564,621
$8,184
2018$380,074 + $173,477
$553,551
$7,994
2017$372,622 + $170,076
$542,698
$7,803
2016$365,316 + $166,742
$532,058
$7,528
2015$359,829 + $164,238
$524,067
$7,434
2014$352,781 + $161,021
$513,802
$7,510
2013$351,187 + $160,294
$511,481
$7,495
2012$344,301 + $157,151
$501,452
$7,590
2010$337,550 + $154,070
$491,620
$7,401
2009$335,824 + $153,283
$489,107
$7,141
2009$335,028 + $152,919
$487,947
$7,141
2008$329,240 + $150,278
$479,518
$6,879
2007$322,785 + $147,332
$470,117
$6,632

Listed 2024-06-05
$1,900,000
CRMLS
Listing removed 2023-08-22
$0
CRMLS
Price Changed 2023-07-20
$2,100,000
CRMLS
Listed 2023-02-24
$2,310,000
CRMLS
Sold 2000-09-22
$418,000
Public Record
Sold 1980-05-13
$110,500
Public Record

Net Operating Income: 123068.00

Total Square Feet Living: 9428
Year Built: 1964
Building Features: 1
Common Walls: 2+ Common Walls
Direction Faces: South
Entry Level: 1
Entry Location: Street level
Property Age: 60
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor

Electric Expense: 1200.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 5340.00
Water Source: Public

Fifty-Fourth Street Elementary School is a public elementary school located approximately 0.6 miles away.
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Crenshaw Science, Technology, Engineering, Math And Medicine Magnet is a public high school located approximately 0.9 miles away.
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Horace Mann Ucla Community is a public middle and high school located approximately 1.5 miles away.
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St. John the Evangelist School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.