947 W 60th, Los Angeles, California 90044, Los Angeles, 90044 - 2 bed, 2 bath
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Los Angeles, California 90044
This duplex presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned above the $655,209 Fair Market Value by 6%. While priced slightly above market, the property offers immediate, government-backed cash flow through existing Section 8 tenants. With a Fair Condition Rating and a 1924 build date, the asset is primed for value-add strategies, including potential ADU development on the spacious lot. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Portfolio Expanders seeking long-term appreciation in South Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 947 W 60th Subject | $650,000* List Price | 2 | 2 | 1,370 | $466 | - |
A 1053 W Gage Sold | $510,000 | 2 | 2 | 1,210 | $421 | 0.3 mi |
B 915 W Gage Sold | $717,500 | 4 | 3 | 1,448 | $496 | 0.3 mi |
C 915 W Gage Sold | $717,500 | 0 | 0 | 1,448 | $496 | 0.3 mi |
D 1352 W 60th Active | $684,000 List Price | 3 | 3 | 1,386 | $494 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1924 (100+ years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or critical systems like HVAC and electric. The description's focus on 'strategic upgrades' and 'rental optimization' strongly suggests the interior is dated and requires significant rehabilitation to reach modern standards.
High School: Middle College High School (9/10).
The property is fully occupied by Section 8 tenants, ensuring consistent, government-backed rental income and minimizing vacancy risks for investors.
The generous backyard space provides a prime opportunity to build an Accessory Dwelling Unit (ADU), allowing for increased density and significantly higher future rental yields.
Originally built in 1924, the property likely requires ongoing maintenance and capital improvements to modernize century-old systems and structural elements.
The immediate area is served by schools with low performance ratings, which may deter long-term family tenants and impact the property's appeal to future owner-occupants.
**Exceptional DUPLEX Investment Opportunity in the heart of Los Angeles ** 947 W 60th St is a DUPLEX that is being sold together with 949 W 60th , the unit adjacent to it . Unlock the potential of this well-positioned duplex in the heart of Los Angeles.This property offers plenty of backyard space with potential to build an ADU in the back (Buyer to verify with the City).This income-generating property presents a rare opportunity for investors seeking strong rental demand and long-term appreciation. This property is eligible for both Residential and Commercial financing . Property comes with tenants ,All are Section 8 - Ensuring Reliable Rental Income!! Each unit offers functional layouts with comfortable living areas, making them highly attractive to tenants in this consistently sought-after rental market. Whether you’re expanding your portfolio or entering the multi-family space, this property provides immediate income potential with room to enhance returns through strategic upgrades and rental optimization. Situated on a residential street with convenient access to major freeways, public transportation, shopping, and employment hubs, the location supports stable occupancy and long-term tenant appeal. The South Los Angeles market continues to see steady growth, making this an ideal asset for both cash flow and appreciation. Don’t miss this chance to secure a versatile, income-producing property in one of Los Angeles’ high-demand rental corridors.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 5.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,370 | 2,250 |
| Lot Size | 4,581 | 5,864 |
| Price | $650.0K | $826.7K |
| Price per sq ft | $474 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 22 | 83 |
Jul 17, 2026
$650,000
$699,000
-7% Price Drop
Initial Listing
Jun 30, 2026
$699,000
Initial Listing
Sep 12, 2013
$192,000
Public Record