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614 W 60th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

614 W 60th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$799,000
614 W 60th Street, Los Angeles, California 90044
0Bed
0Bath
4,423Sqft
5,384Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Age of Property: Built in 1912, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure, and higher renovation costs to modernize.

Compared to the nearby listings

Price:$799.0K vs avg $787.0K (+$12,000)50%
Size:4,423 sqft vs avg 2,093.5 sqft94%
Price/sqft:$181 vs avg $3386%

More Insights

Built in 1912 (113 years old).
Condition: Built in 1912, this property is over a century old and shows significant signs of age and deferred maintenance. The kitchen features extremely outdated tiled countertops, old cabinets, and no visible modern appliances, requiring a complete overhaul. The bathroom is equally dated with pink/peach wall tiles, an old tub, and worn flooring, necessitating a full renovation. Throughout the units, flooring is worn (old tiles, painted wood), paint is peeling, and light fixtures are basic and old. The basement shows damaged ceilings and unfinished surfaces. The listing itself describes the property as a 'light-fixer' needing 'renovating' and 'updating' to achieve market rents, which aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Year Built
1912
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$181
HOA
-
Days on market
-
Sold On
-
MLS number
MB25270524
Home ConditionPoor
Features
Patio
View-

About this home

PRICED TO SELL!! Welcome to 614 W 60th Street in Los Angeles, a rare investment opportunity featuring a light-fixer four-plex with strong upside potential. This centrally located property offers 4,423 sq. ft. of living space on a 5,384 sq. ft. lot, with all four units featuring desirable 2-bedroom floor plans that attract consistent rental demand. Two units will be delivered vacant, providing the perfect setup for an owner-occupant to move in and begin renovating while collecting rental income from the other two units to help offset the mortgage. Investors can also take advantage of the immediate ability to update and secure market-rate rents for increased cash flow. The property also includes a basement that provides valuable additional storage space or potential for extra living area, adding even more flexibility and future possibilities. Situated in the heart of Los Angeles near major attractions and economic hubs, the property offers excellent proximity to USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, and Downtown LA. Convenient access to the 110 and 10 freeways ensures easy commuting throughout the city, making the location highly appealing to tenants and owners alike. With its value-add potential, prime location, and the unique opportunity to live in one unit and rent the others, this four-unit property is a smart long-term investment in one of LA’s highest-demand rental corridors. Opportunities like this are limited don’t miss your chance to secure a versatile multi-family asset right in the heart of Los Angeles.

Nearby schools

3/10
Sixty-First Street Elementary School
Public,•K-6•0.1mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.5mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.6mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.8mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.8mi
2/10
Main Street Elementary School
Public,•K-5•0.9mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.2mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
2/10
John Muir Middle School
Public,•6-8•0.4mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.6mi
5/10
Santee Education Complex
Public,•9-12•3.3mi
9/10
Middle College High School
Public,•9-12•4.4mi
Condition Rating
Poor
Built in 1912, this property is over a century old and shows significant signs of age and deferred maintenance. The kitchen features extremely outdated tiled countertops, old cabinets, and no visible modern appliances, requiring a complete overhaul. The bathroom is equally dated with pink/peach wall tiles, an old tub, and worn flooring, necessitating a full renovation. Throughout the units, flooring is worn (old tiles, painted wood), paint is peeling, and light fixtures are basic and old. The basement shows damaged ceilings and unfinished surfaces. The listing itself describes the property as a 'light-fixer' needing 'renovating' and 'updating' to achieve market rents, which aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Multi-Family Investment & Income Potential: This quadruplex offers four desirable 2-bedroom units, attracting consistent rental demand in a high-demand corridor, providing a strong foundation for rental income.
Significant Value-Add Opportunity: Described as a 'light-fixer' with 'strong upside potential,' the property allows investors to update units, secure market-rate rents, and significantly increase cash flow.
Strategic Central Los Angeles Location: Situated in the heart of Los Angeles, the property boasts excellent proximity to major economic hubs, universities (USC), entertainment venues (BMO Stadium, Memorial Coliseum), and Downtown LA.
Owner-Occupant Advantage: With two units delivered vacant, an owner-occupant can live on-site, manage renovations, and leverage rental income from the other two units to offset mortgage costs.
Excellent Transportation Accessibility: Convenient access to major freeways (110 and 10) ensures easy commuting throughout the city, enhancing tenant appeal and property value.

Cons

Age of Property: Built in 1912, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure, and higher renovation costs to modernize.
Required Renovation/Fixer-Upper: Explicitly marketed as a 'light-fixer,' the property requires immediate capital investment and effort to bring units to market-rate standards, which may deter buyers seeking turn-key properties.
Sub-Optimal Local School Ratings: Several nearby public schools, including high, middle, and elementary, have lower ratings (2-3), which could be a deterrent for families prioritizing top-tier public education.

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