321-323 E 60th Street

    Los Angeles (City), CA 90003
    • $450,000
    • STATUS: Active Under Contract
    • ON SITE: 371 days
    • ID#: 318001364
    Under Contract
    $450,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,050
      SQFT
    • $220
      $/SQFT
    Neighborhood:
    C42 - Downtown L.A.
    Type:
    Multi-Family
    Built:
    1921
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.

    School Ratings & Info

    Visit GreatSchools.org

    Description

    This is an extraordinary opportunity to purchase income property an area that has significant upside potential (area is being completely cleaned/ fixed up to accommodate flow of traffic and visitors to new stadium ~5 miles away!) The potential - as the city of Los Angeles prepares for new sports venues, hotels, rentals, airbnb and shopping areas for the Rams stadium and 2028 OLYMPICS - is significant! Currently, the centrally located and quiet area includes a mix of multi and single family properties. This property offers 3 well-maintained and separate units that can be easily and significantly updated to grow the income considerably, in a short period of time. Several new updates, including window, partial roof, water heaters, etc.. The property is fully fenced and has plenty of outdoor space, fruit trees and 2 car driveway. Some tenants use dining room for 2nd bedroom. Excellent for a first time buyer looking to invest in income property! (owner is retiring, motivated and open to solid offers.) INQUIRE today!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T00:37:47.81. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/82580108

    321-323 E 60th Street Los Angeles (City), CA 90003

    • Price: $450,000
    • Status: Active Under Contract
    • ID#: 318001364
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,050
    SQFT
    $220
    $/SQFT
    1921
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    This is an extraordinary opportunity to purchase income property an area that has significant upside potential (area is being completely cleaned/ fixed up to accommodate flow of traffic and visitors to new stadium ~5 miles away!) The potential - as the city of Los Angeles prepares for new sports venues, hotels, rentals, airbnb and shopping areas for the Rams stadium and 2028 OLYMPICS - is significant! Currently, the centrally located and quiet area includes a mix of multi and single family properties. This property offers 3 well-maintained and separate units that can be easily and significantly updated to grow the income considerably, in a short period of time. Several new updates, including window, partial roof, water heaters, etc.. The property is fully fenced and has plenty of outdoor space, fruit trees and 2 car driveway. Some tenants use dining room for 2nd bedroom. Excellent for a first time buyer looking to invest in income property! (owner is retiring, motivated and open to solid offers.) INQUIRE today!
    Exterior Features

    Carport Spaces 0.00 Construction Materials FrameStuccoPlaster Direction Faces South Entry Location Living RoomGround Level Foundation Details Raised Garage Spaces 0.00 Lot Features LawnSprinklers On SideFront Yard Lot Size Source See Remarks Lot Size Units Square Feet Parking Features GatedDrivewayConcreteStreetOther Parking Total 0.00 Parking YN Yes Pool Private YN No Roof Composition Spa YN No View YN No

    Interior Features

    Appliances Gas Cooking Appliances YN Yes Average Studio Area 0 Average1 Bed Area 426 Average2 Bed Area 812 Average3 Bed Area 0 Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace YN No Flooring VinylWood Heating Natural GasFloor Furnace Heating YN Yes Levels One Room Type Living Room Window Features Drapes

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 0.00 Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Lease YN No Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 0 Number Of Units Leased 0 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Repairs Cosmetic Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Tenant Pays Trash CollectionCable TvGasElectricity Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Zoning Lar2

    Listing provided courtesy of Patricia Phillips of Keller Williams R.E. Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-20T00:37:47.81. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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