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600 S Avenue 60, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

600 S Avenue 60, Los Angeles, California 90042 home-pic-0
ACTIVE$900,000
600 S Avenue 60, Los Angeles, California 90042
0Bed
0Bath
1,245Sqft
4,000Lot
Year Built
1927
Close
-
List price
$900K
Original List price
$1.2M
Price/Sqft
$723
HOA
-
Days on market
-
Sold On
-
MLS number
SR25010670
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(23th), sqft - 1245(8th), beds - undefined(50th), baths - undefined(50th).

This income-generating duplex offers an excellent investment opportunity in a prime location, featuring two separate units with strong rental potential. The property boasts a well-maintained structure with updated features, including spacious living areas, ample natural light, and functional layouts. The upper and lower units are both 2-bedroom, 1-bathroom configurations, ideal for attracting tenants seeking comfortable, affordable living in the area. Situated in a vibrant and growing neighborhood, the property benefits from proximity to local amenities, public transportation, and major highways, ensuring high demand from renters. With its solid rental history and potential for future appreciation, this duplex is a smart addition to any real estate portfolio.

Condition Rating
Poor
Built in 1927, this property shows significant age and requires substantial rehabilitation. The kitchen features extremely dated wooden cabinets, old laminate countertops, basic white tile backsplash, and an older white gas range. The bathroom is equally outdated with an old vanity, basic sink, and dated wall tiles. Flooring throughout appears to be old linoleum or vinyl. While the property is functional and occupied, its interior finishes are very worn and uncomfortable by modern standards, necessitating a full renovation of key areas like the kitchen and bathroom to be appealing.
Pros & Cons

Pros

Investment Opportunity: An income-generating duplex offering an excellent investment opportunity with two separate 2-bedroom, 1-bathroom units.
Prime Location: Situated in a vibrant and growing Highland Park neighborhood with strong proximity to local amenities, public transportation, and major highways.
Strong Rental Demand: Benefits from a solid rental history and high demand from renters, ensuring consistent income potential and occupancy.
Significant Price Adjustment: Features a substantial price reduction of $300,000 from its original list price, enhancing its attractiveness to investors.
Well-Maintained Structure: Boasts a well-maintained structure with updated features, spacious living areas, and ample natural light, appealing to tenants.

Cons

Property Age: Built in 1927, the property's age may present potential for unforeseen maintenance or the need for future system upgrades despite current maintenance.
Lack of Detailed Updates: The description mentions 'updated features' but lacks specific details on the scope or recency of these updates, creating potential uncertainty for buyers.
No Specific View: The property does not offer a specific view, which could be a minor consideration for some buyers in a market where views often add value.

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