NOT LISTED FOR SALE

3617 W 60th St Los Angeles, CA 90043

Hyde Park Neighborhood
16 Beds
15 Baths
9,428 Sq Ft
8,727 Sq Ft Lot

Last Sold September 18, 2024

Last sale price $1,675,000 $178 Per Sq Ft

1 Day on Market

Highlights

  • Laundry Room
  • 2 Car Garage
  • South Facing Home

About This Home

As of September 2024

Great investment opportunity in Park Mesa Heights. Over 9,400 SF of living space in this 8 unit building, comprised of (5)2BD + 2BA, (2)2BD + 1BA & (1)2BD + 2.5BA. Frontal unit boasts a cozy fireplace and scenic balcony, ideal for relaxation. Each tenant is allocated one off street parking space and access to an on site laundry facility. This property is uniquely positioned in an area that is rapidly evolving, both in terms of gentrification and it’s central location. Just a short 3 minute walk to the Crenshaw/LAX Metro Transit "K" Line which provides direct access onto LAX & a connection to Downtown or Santa Monica. 1 mile from View Park-Windsor Hills & 2.5 miles from SoFi Stadium & the Inglewood Forum. Fully occupied. Sold As-Is, $238 Per SF. DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Eena Douglass

eXp Realty of California Inc Brokerage Phone: 323.934.1999 License #02071249 Listed on: 06/05/2024

eXp Realty of California Inc

Last Buyer's Agent

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,727 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • 5 Carport Spaces
  • Parking Available
  • No Driveway

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 9,428 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 5279
  • Assessor Parcel Number 4004017001
  • $1,646 per year additional tax assessments

Community Details

Building Details

  • 7 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $7,000
  • Maintenance Expense $1,800
  • Trash Expense $3,240
  • Water Sewer Expense $5,340
  • New Taxes Expense $21,240
  • Operating Expense $41,020
  • Gross Income $164,088
  • Net Operating Income $123,068

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.47
  • Price Per Unit: 237500
  • Property Attached: Yes
  • Water Sewer Expenses: 5340.00
  • Zoning: LAC2
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 4004017001
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street level
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 177.66

Exterior Features

  • Direction Faces: South
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage, No Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8727.00
  • Lot Size Acres: 0.2003

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 164088.00
  • Gross Scheduled Income: 164088.00
  • Insurance Expense: 7000.00
  • Lot Size Area: 8727.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 123068.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Operating Expense: 41020.00
  • Rent Control: Yes
  • Total Actual Rent: 11174.00
  • Total Expenses: 41020.00

Tax Info

  • New Taxes Expense: 21240.00
  • Tax Census Tract: 2347.00
  • Tax Lot: 1
  • Tax Tract Number: 5279
  • TaxOtherAnnualAssessmentAmount: 1646.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $1,675,000 -11.8% $178 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $1,900,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eena Douglass

    Seller's Agent in 2024

    Eena Douglass

    eXp Realty of California Inc

    (323) 934-1999

    1 in this area

    23 Total Sales

    Eena Douglass
    Section Image
  • Johnnie Stiegler

    Buyer's Agent in 2024

    Johnnie Stiegler

    Lyon Stahl Investment Real Estate, Inc.

    (310) 606-0939

    1 in this area

    94 Total Sales

    Johnnie Stiegler
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24113780

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90043 Hyde Park

3617 W 60th St, Los Angeles, CA

This home is located at 3617 W 60th St, Los Angeles, CA 90043 since 05 June 2024. This property was built in 1964. 3617 W 60th St is a home located in Los Angeles County with nearby schools including Fifty-Fourth Street Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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