NOT LISTED FOR SALE

1542 W 60th St Los Angeles, CA 90047

Harvard Park Neighborhood

Estimated Value: $874,000 - $1,234,711

8 Beds
4 Baths
3,120 Sq Ft
$358/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $1,009,000 $323 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,971/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Breakfast Area or Nook
  • Wood Under Carpet
  • Lawn
  • 4 Car Detached Garage

About This Home

As of August 2020

Opportunity Zone peas in a pod, this property may be an investor's chance to save big on capital gains! All are 2-bed-1-bath corner units and have the same floor plan. Units 1 and 2 are both downstairs and have service entrances on the east side of the building. Of upstairs units 3 and 4, 4 is vacant. Occupied units have Section 8 tenants. Per sellers, all units could rent at $2200 p/mo Section 8. Tenants do not have garage access; so it could draw extra rent for the new owner, as could the laundry room on the east side of the garage. Room has space for one washer and a dryer with gas hookup. Potential income for garage and laundry are not included in calculations. Property is not far from the Baldwin Hills mall and Slauson shopping center and approx 5 miles from the sprawling shopping center on Century Blvd in Inglewood. The new Inglewood Stadium and The Forum are about 4 miles SW. Coming soon: Transportation via Slauson corridor metro line

Last Agent to Sell the Property

Liz Weaver

Pacific Playa Realty License #00888554 Listed on: 06/10/2020

Pacific Playa Realty

Last Buyer's Agent

Carmela Jacobs

License #01103369

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,333

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 5,266 Sq Ft Lot
  • North Facing Home
  • Gated Home
  • Front and Back Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • Controlled Entrance

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Vertical Blinds
  • Living Room
  • Dining Area
  • Center Hall
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Granite Countertops
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood Under Carpet
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Remodeled Bathroom
  • 4 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry Located Outside
  • Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • City Lot

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, cable TV
  • The owner pays for water, gardener, gas, electricity
  • Assessor Parcel Number 6002-018-024

Community Details

Building Details

  • Rent Control
  • Vacancy Allowance $26,400

Additional Features

  • 4 Units
  • Service Entrance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,333

Year Built

Built in 1957 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Identical as peas in a pod, this property reflects a diligent landlord's pride of ownership! All four 2-bed-1-bath units are corner units and have the same floor plan. Units 1 and 2 are both downstairs and have service entrances on the east side of the building. Units 3 and 4 (is vacant) are upstairs. Occupied units have Section 8 tenants. Per sellers, all units could rent at $2200 p/mo Section 8. Tenants do not have access to the 4-car garage; it could draw extra rent for new owner, as could the laundry room that is attached to the east side of the garage. Room has space for one washer and a dryer with gas hookup. Potential income for garage and laundry are not included in calculations. Property is not far from the Baldwin Hills mall and Slauson shopping center and approx 5 miles from the sprawling shopping center on Century Blvd in Inglewood. The new Inglewood Stadium and The Forum are about 4 miles SW. Coming soon: Transportation via Slauson corridor metro line.
  • Alley: Yes
  • Building Permit: Yes
  • Entry Floor: 1
  • Entry Location: Living Room
  • Exclusions: Tenant owned stove and refrigerator in unit #2. (Apt #4 has no stove or refrigerator.)
  • Living Area: 3120
  • Lot Acreage: 0.1209
  • Price Per Unit: 250000.00
  • Probate: No
  • Property Condition: No Additions/Alter, Updated/Remodeled
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 3
  • Number Dishwasher: 0
  • Number Disposal: 4
  • Flooring: Carpet, Ceramic Tile, Laminate, Mixed, Wood Under Carpet
  • Appliances: Free Standing Gas, Gas, Oven-Gas
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s), Shower and Tub, Shower Over Tub, Remodeled
  • Kitchen Features: Ceramic Counters, Granite Counters, Remodeled, Counter Top
  • Laundry: Garage, Outside, Room
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Built-Ins, Garbage Disposal, Gas Dryer Hookup
  • Inclusions: Landlord owned stoves and refrigerators in Apt #1 and #3
  • Price Per S Q F T: 320.19
  • Windows: French Windows, Window Blinds, Vertical Blinds, Mini Blinds

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Construction: Frame and Stucco
  • Number Patio: 0
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 1
  • Number Rented Garages: 0
  • Parking Garage: Controlled Entrance, Covered Parking, Detached, Door Opener
  • Total Parking: 4

Utilities

  • Water District: LADWP
  • Water Heater: Water Heater Unit, Gas
  • Electric Expense: 30.00
  • Heating: Wall Gas, Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 0
  • Security: Carbon Monoxide Detector(s), Gated, Smoke Detector, Exterior Security Lights
  • Sewer: In Connected and Paid
  • Water: Meter on Property, District
  • Water Expense: 300.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 25.00
  • Insurance Expense: 150.00
  • Maintenance Expense: 200.00
  • Trash Expense: 50.00

Lot Info

  • Sprinklers: Sprinkler Timer, Sprinkler System, Front, Rear
  • Additions Alterations: No
  • Assessed Improvement Percent: 66.99
  • Assessed Improvement Value: 182839
  • Assessed Land Percent: 33.01
  • Assessed Land Value: 90080
  • Total Assessed Value: 272919
  • Assessor Parcel Number: 6002-018-024
  • Geocode Override: No
  • Lot Description: Curbs, Back Yard, Front Yard, Lawn, Single Lot, Street Paved, Walk Street, Yard
  • Lot Location: Alley Access, City
  • Lot Size Area: 5266

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 4602.00
  • Owner Pays: Water, Gardener, Gas, Electricity
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.24
  • Number Of Units: 4
  • Number Wall A C: 0
  • Type Of Units: Apartments
  • Vacancy Allow: 26400

Tax Info

  • Private Transfer Taxes: No

MLS Schools

  • School District: Los Angeles Unified

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2024
Sold by
Butler Deanna Denise
Bought by
Tpcf Family Trust and Butler
Current Estimated Value
$1,117,428

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 2, 2020
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Butler Deanna Denise
Seller's Agent
Liz Weaver
Pacific Playa Realty
Buyer's Agent
Carmela Jacobs
List Price
$999,000
Sold Price
$1,009,000
Premium/Discount to List
$10,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%
Original Mortgage
$1,056,613
Interest Rate
3%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2016
Sold by
Mckinney Farley G
Bought by
Mckinney Farley G and Mckinney Alice R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2006
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G

Purchase Details

Closed on
Oct 26, 2005
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,750
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2004
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G

Purchase Details

Closed on
May 18, 2000
Sold by
Mckinney Farley G and Mckinney Alice R
Bought by
Mckinney Farley G
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tpcf Family Trust -- None Listed On Document
Butler Deanna Denise $1,009,000 Provident Title Company
Mckinney Farley G -- None Available
Mckinney Farley G -- None Available
Mckinney Farley G -- None Available
Mckinney Farley G -- Landsafe Title Of California
Mckinney Farley G -- --
Mckinney Farley G -- Financial Title Company La
Mckinney Farley G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butler Deanna Denise $1,056,613
Previous Owner Butler Deanna Denise $1,056,613
Previous Owner Mckinney Farley G $397,000
Previous Owner Mckinney Farley G $427,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2020 08/11/20 Sold $1,009,000 +1.0% $323 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $999,000 -- $320 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $13,333 $1,092,171 $767,442 $324,729
2024 $13,333 $1,070,757 $752,395 $318,362
2023 $13,082 $1,049,763 $737,643 $312,120
2022 $12,483 $1,029,180 $723,180 $306,000
2021 $12,319 $1,009,000 $709,000 $300,000
2020 $3,934 $290,620 $95,592 $195,028
2019 $3,792 $284,942 $93,718 $191,224
2018 $3,720 $279,376 $91,881 $187,495
2016 $3,533 $267,568 $88,314 $179,254
2015 $3,486 $263,550 $86,988 $176,562
2014 $3,525 $258,389 $85,285 $173,104
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Liz Weaver

    Pacific Playa Realty

    Section Image

  • C

    Buyer's Agent in 2020

    Carmela Jacobs

See All Agents

Map

Source: The MLS

MLS Number: 20-589238

The MLS

APN: 6002-018-024

California Los Angeles County Los Angeles 90047 Harvard Park

1542 W 60th St, Los Angeles, CA

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