218 E 60th Street, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 3 bath
ACTIVE$699,999
218 E 60th Street, Los Angeles, California 90003
5Beds
3Baths
2,004Sqft
5,131Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: As a duplex, this property offers immediate rental income opportunities, appealing to investors or owner-occupants seeking to offset mortgage costs.
Top Cons:
Age of Property: Built in 1928, the property is likely to require significant updates to plumbing, electrical, roofing, and HVAC systems, potentially incurring substantial renovation costs.
Compared to the nearby listings
Price:$700.0K vs avg $735.0K ($-35,001)40%
Size:2,004 sqft vs avg 1,902.5 sqft57%
Price/sqft:$349 vs avg $36545%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this property shows signs of being aged but maintained. The kitchen features tiled floors, dark cabinets, and what appear to be older granite countertops, suggesting a renovation 15-30 years ago. The bathroom also has tiled floors and a basic vanity, consistent with an older update. While functional, the styles are outdated. The exterior appears maintained but shows its age. The property is livable but would benefit from minor updates to meet current aesthetic and functional standards.
Year Built
1928
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
IV25134858
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Price History
Date
Event
Price
03/07/14
Sold
$346,000
04/05/13
Sold
$265,000
Condition Rating
Fair
Built in 1928, this property shows signs of being aged but maintained. The kitchen features tiled floors, dark cabinets, and what appear to be older granite countertops, suggesting a renovation 15-30 years ago. The bathroom also has tiled floors and a basic vanity, consistent with an older update. While functional, the styles are outdated. The exterior appears maintained but shows its age. The property is livable but would benefit from minor updates to meet current aesthetic and functional standards.
Pros & Cons
Pros
Income-Generating Potential: As a duplex, this property offers immediate rental income opportunities, appealing to investors or owner-occupants seeking to offset mortgage costs.
Spacious Layout: With 5 bedrooms and 3 bathrooms across 2004 sqft, the property provides ample living space or potential for multiple rental configurations.
Desirable Lot Size: A 5131 sqft lot in Los Angeles offers valuable outdoor space, potential for expansion, or additional landscaping opportunities.
City Lights View: The presence of a 'City Lights' view is a desirable amenity that enhances the property's appeal and potential value.
Los Angeles Market: Located in Los Angeles, the property benefits from a strong and competitive real estate market with consistent demand.
Cons
Age of Property: Built in 1928, the property is likely to require significant updates to plumbing, electrical, roofing, and HVAC systems, potentially incurring substantial renovation costs.
Potential for Deferred Maintenance/Outdated Interiors: Given its age and status as an income property, it may have outdated finishes and deferred maintenance, necessitating investment to modernize and maximize rental income or resale value.
Neighborhood Specifics (90003): While in Los Angeles, the 90003 zip code can present specific challenges related to neighborhood perception, school ratings, or local amenities that might impact tenant pool or property appreciation compared to other LA submarkets.