Seller's Agent in 2025
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
5 in this area
34 Total Sales
1035 W 60th Place Los Angeles, CA 90044
Vermont-Slauson Neighborhood
6
Beds
5
Baths
2,881
Sq Ft
5,631
Sq Ft Lot
Highlights
- Laundry Room
- 1-Story Property
- 5-minute walk to Vermont Gage Pocket Park
- Bike Trail
About This Home
As of April 20251035 W 60th Pl is a fully renovated, 4-plex with Approved plans for a 2-Bed/1-Bath ADU to be delivered fully vacant in one of Los Angeles’ fastest-growing neighborhoods. All four 1-Bed/1-Bath units have been modernized and are move-in ready, providing immediate income potential. The property also features brand-new subpanels, ensuring upgraded electrical infrastructure for future tenants.Adding even more value, the property comes with approved plans for a 2-Bed/1-Bath ADU, allowing an investor to start construction immediately. Once leased, the property will operate at an impressive 7.13% cap rate—before even factoring in the ADU. After construction, it projects a 8.58% cap rate and a 8.93 GRM (including build costs), making this an exceptional investment.Whether you're an investor or owner-user, this 4+1 unit asset is primed for strong cash flow from day one, with the added potential to increase equity through ADU development. Prime Location: Situated in a booming submarket, 1035 W 60th Pl is just minutes from USC, Downtown LA, SoFi Stadium, and more, ensuring strong rental demand and long-term appreciation. Don’t miss this opportunity to own a high-yield, value-packed multifamily property in a rapidly transforming area!THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 03/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,297
Year Built
- Built in 1928
Lot Details
- 5,631 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,881 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Outdoor Features
- Exterior Lighting
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 35
- Tax Tract Number 4195
- Assessor Parcel Number 6003014020
- $437 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Recreation
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $23,407
- Gross Income $100,800
- Net Operating Income $74,370
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2025
Closed on
Apr 16, 2025
Sold by
Aj Capital Group Llc
Bought by
Watkins Jennifer
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Samuel Woldeyesus
Compass
List Price
$995,000
Sold Price
$977,500
Premium/Discount to List
-$17,500
-1.76%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$170,295
Avg. Annual Appreciation
-49.84%
Original Mortgage
$928,625
Outstanding Balance
$926,165
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$189,498
Purchase Details
Closed on
Nov 13, 2024
Sold by
Chin Family Trust and Wong Family Trust
Bought by
Aj Capital Group Llc
Purchase Details
Closed on
Oct 24, 2016
Sold by
Wong Woon Yet and Wong Gim Yiu
Bought by
Wong Woon Yet and Wong Gim Yiu
Purchase Details
Closed on
Jul 9, 2010
Sold by
The Chin Family Trust
Bought by
Chin Wing C
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $977,500 | Ticor Title Company | |
| Grant Deed | $625,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $928,625 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Sold | $977,500 | -1.8% | $339 / Sq Ft |
| 04/16/2025 04/16/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $995,000 | -- | $345 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,297 | $625,000 | $350,000 | $275,000 |
| 2024 | $2,297 | $155,338 | $86,990 | $68,348 |
| 2023 | $2,263 | $152,293 | $85,285 | $67,008 |
| 2022 | $2,175 | $149,308 | $83,613 | $65,695 |
| 2021 | $2,135 | $146,381 | $81,974 | $64,407 |
| 2019 | $2,081 | $142,042 | $79,544 | $62,498 |
| 2018 | $2,000 | $139,258 | $77,985 | $61,273 |
| 2016 | $1,896 | $133,852 | $74,957 | $58,895 |
| 2015 | $1,872 | $131,843 | $73,832 | $58,011 |
| 2014 | $1,908 | $129,261 | $72,386 | $56,875 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Jacobson
-
Samuel Woldeyesus
Buyer's Agent in 2025
Samuel Woldeyesus
Compass
(949) 689-1558
1 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25055230
APN: 6003-014-020
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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