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1560 E 66th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1560 E 66th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$1,132,000
1560 E 66th Street, Los Angeles, California 90001
0Bed
0Bath
2,569Sqft
8,824Lot
Year Built
1924
Close
-
List price
$1.13M
Original List price
$1.2M
Price/Sqft
$441
HOA
-
Days on market
-
Sold On
-
MLS number
SR25015388
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.13M(93th), sqft - 2569(93th), beds - undefined(50th), baths - undefined(50th).

CURRENT ACTUAL monthly income is $9611 or $115,332 annually. Two units being section 8 Income and two unit are traditional renter and all tenants are fantastic tenants and always on time with their payments; making this a fantastic QUAD Investment opportunity, THREE SEPARATE AND INDIVIDUALLY GATED BUILDINGS with its own DRIVEWAYS. The main home is a duplex and it has both a backyard with two sheds for storage and laundry area and a front yard with a shared driveway. Each home has its own gas meter, water heater, laundry hook up, and their own porch & patio. Also, 3 out of 4 units are REMODELED units with new appliances... Two units have 2 bedroom 1 bath & two units have 1 bedroom 1 bath. Rents are $2770/ #2700 /$2163/ $1978. Total current monthly income comes to $9611 or $115,332 annually.

Price History

Date
Event
Price
09/26/25
Price Change
$1,132,000
01/21/25
Listing
$1,199,000
09/15/22
Sold
$915,000
Condition Rating
Good
Despite being built in 1924, the listing states that '3 out of 4 units are REMODELED units with new appliances.' The provided images support this, showing recently updated flooring (tile in living areas, vinyl plank in bathroom) and a clean, functional bathroom with new fixtures. While some elements like the wood paneling in the living area appear dated, the overall impression is that the remodeled units are move-in ready with no immediate renovation required, aligning with a 'Good' condition score. The absence of kitchen photos is a drawback, but the mention of 'new appliances' suggests functional updates.
Pros & Cons

Pros

Exceptional Income Generation: The property generates a robust actual monthly income of $9,611, totaling $115,332 annually, providing a strong and immediate return on investment.
High Occupancy & Reliable Tenants: All tenants, including both Section 8 and traditional renters, are reported as 'fantastic' and 'always on time,' indicating stable income and minimal vacancy risk.
Significant Renovations: Three out of four units have been recently remodeled with new appliances, enhancing tenant appeal, potentially commanding higher rents, and reducing immediate capital expenditure needs.
Independent Unit Amenities: Each unit benefits from its own gas meter, water heater, laundry hook-up, porch, and patio, offering increased tenant privacy and reducing landlord responsibilities for shared utilities.
Multiple Gated Structures: The property features three separate, individually gated buildings, each with its own driveway, enhancing security, privacy, and overall desirability for tenants.

Cons

Property Age & Potential Infrastructure Costs: Built in 1924, the property is nearly a century old, suggesting potential for significant future capital expenditures on un-remodeled structural or system components (e.g., plumbing, electrical).
Los Angeles Rent Control & Tenant Laws: As an income property in Los Angeles, it is subject to stringent rent control and tenant protection regulations, which can limit rent growth and increase management complexities.
Unremodeled Unit: One of the four units has not been remodeled, which may result in lower rental income for that specific unit or necessitate future investment to match the quality of the other updated units.

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