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… Read More 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. Read Less
Property listed by Century 21 Realty Masters, Edwin Blanco 323-695-1868
Listing Snapshot
Days Online
37
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1912
MLS Number
MB25270524
Additional Details
Building
Built in 1912, 2 buildings, 2 stories, Entry level: 4, Entry location: 4
Community
Sidewalks
Cooling
None
Expenses
Operating: $7,200, Water/Sewer: $7,200
Garage
2 spaces
Income
Gross Income: $29,580, Gross ScheduledIncome: $29,580, Net Operating Income: $22,380
Based on information from California Regional Multiple Listing Service, Inc. as of 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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