337 E 60th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$549,000
337 E 60th Street, Los Angeles, California 90003
2Beds
1Bath
1,020Sqft
5,404Lot
Year Built
1912
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$538
HOA
-
Days on market
-
Sold On
-
MLS number
25581907
Home ConditionTear down
Features
View-
About this home
Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,5 Pros. Rank: price - $549.0K(39th), sqft - 1020(43th), beds - 2(41th), baths - 1(47th).
Incredible opportunity for developers or flippers. The property is vacant. Needs extensive work. Cash or hard money only.
Price History
Date
Event
Price
08/22/25
Listing
$549,000
03/27/25
Sold
$325,000
Condition Rating
Tear down
Built in 1912, this property is explicitly described as needing 'extensive work' and is marketed to 'developers or flippers' requiring 'cash or hard money only,' indicating it's unfinanceable through traditional means. The images reveal severe neglect: the exterior has extensive peeling paint and boarded-up windows. The interior, particularly the kitchen, is in an extremely dilapidated state with old, damaged cabinets, stained countertops, no visible appliances, and severely discolored, grimy walls, rendering it completely unusable and unlivable. The overall condition suggests no major renovations in decades, making the existing structure's value minimal compared to the land and the cost of a complete overhaul or rebuild.
Pros & Cons
Pros
Prime Investment Opportunity: Explicitly marketed as an 'incredible opportunity for developers or flippers,' indicating significant value-add potential through comprehensive renovation.
Vacant Property Status: The property is vacant, allowing for immediate access and commencement of renovation work without the complexities of tenant relocation or lease agreements.
Generous Lot Size: With a 5,404 sqft lot, there is ample space for potential expansion of the existing structure, significant landscaping, or the addition of an Accessory Dwelling Unit (ADU), enhancing future value.
Los Angeles Market Location: Situated in Los Angeles, the property benefits from being in a high-demand real estate market with strong long-term appreciation trends and a large buyer pool.
Historic Character/Rebuild Potential: Built in 1912, the property offers the unique opportunity to restore its historic charm or, given the need for extensive work, serve as a prime lot for new construction, appealing to diverse buyer segments.
Cons
Extensive Renovation Required: The property 'needs extensive work,' implying significant capital investment, time, and specialized expertise will be required for rehabilitation, impacting overall project cost and timeline.
Limited Financing Options: The requirement for 'Cash or hard money only' severely restricts the potential buyer pool, excluding those reliant on conventional mortgage financing and potentially leading to a longer marketing period or lower offers.
Outdated Systems and Potential Hazards: As a 1912 build, the property likely contains outdated plumbing, electrical, and HVAC systems, and may have hazardous materials such as lead paint or asbestos, adding to the complexity and cost of renovation.