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3815 W 60th Street, Los Angeles, California 90043, Los Angeles, 90043 - 4 bed, 2 bath

3815 W 60th Street, Los Angeles, California 90043 home-pic-0
ACTIVE$1,348,888
3815 W 60th Street, Los Angeles, California 90043
4Beds
2Baths
2,622Sqft
5,242Lot
Year Built
1923
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
25526065
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 48% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.35M(87th), sqft - 2622(94th), beds - 4(82th), baths - 2(50th).

Completely Remodeled 5-Bed, 3-Bath Spanish-Style Home with Paid-Off Solar and ADU! This home is located in a census tract that qualifies for a $20,000 grant and special financing through City National Bank's Ladder Up Home Loan Grant Program. This beautifully remodeled home offers three separate living spaces. The main floor of the home is 1,589 sq ft and features 3 beds, 2 baths, and a bright, open living area. The second floor includes a 2 bedroom + 1 bath unit with a separate entrance. The second floor is 602 sq ft and would be ideal for guests. The detached 2-car garage has been converted to a 431 sq ft ADU. The total living space is 2,622 sq ft with 6 beds and 4 baths, offering a fantastic value! Ideal for multigenerational living or savvy investors looking for income potential! The property is conveniently located with access to SoFi, Intuit Dome, Staples Center.

Nearby schools

2/10
Fifty-Fourth Street Elementary School
Public,•K-5•0.5mi
4/10
Centinela Elementary School
Public,•K-6•0.6mi
2/10
Yes Academy
Public,•K-5•0.8mi
3/10
Windsor Hills Math Science
Public,•K-5•1.1mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.3mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.6mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.8mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.1mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.1mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.0mi
2/10
Inglewood High School
Public,•9-12•1.9mi
2/10
George Washington Preparatory High School
Public,•9-12•3.9mi
9/10
Middle College High School
Public,•9-12•6.6mi

Price History

Date
Event
Price
06/14/24
Sold
$875,000
Condition Rating
Excellent
Despite being built in 1923, the property has been 'Completely Remodeled' as stated in the description, and the images confirm an extensive, high-quality renovation. The kitchen features new light wood cabinetry, white quartz countertops, a farmhouse sink, modern gold/brass fixtures, and new stainless steel appliances. Bathrooms are also fully updated with modern tiling and fixtures. New wide plank flooring, recessed lighting, and modern ceiling fans are present throughout. The exterior is freshly painted, and the property includes paid-off solar panels and a converted ADU, indicating significant recent investment and meeting current quality standards with virtually new components.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Income Potential / Multi-Generational Living: The property features three separate living spaces, including a main floor unit, a second-floor unit with a separate entrance, and a detached ADU, making it ideal for rental income or multi-generational families.
Extensively Remodeled: The home has been completely and beautifully remodeled, offering modern finishes and a move-in ready condition for prospective buyers.
Paid-Off Solar System: The inclusion of paid-off solar panels provides significant long-term energy cost savings and environmental benefits to the homeowner.
Financial Incentives Available: The property qualifies for a $20,000 grant and special financing through City National Bank's Ladder Up Home Loan Grant Program, offering a direct financial advantage to eligible buyers.
Strategic Location: Conveniently located with easy access to major entertainment and sports venues like SoFi, Intuit Dome, and Staples Center, enhancing its appeal for lifestyle and potential rental demand.

Cons

Significant Price Discrepancy: The listing price of $1,348,888 is substantially higher than the estimated property value of $695,821, indicating potential overpricing that may deter buyers or require strong justification.
Lack of Views: The property does not offer any notable views, which could be a disadvantage in the competitive Los Angeles market where scenic vistas often command a premium.
Age of Original Construction: Despite extensive remodeling, the home's original build year of 1923 might raise concerns for some buyers regarding the age of underlying infrastructure or potential for unforeseen maintenance.

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