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Previous Description:
Two fully detached homes on one corner lot offering strong income potential and long term upside. 1301 W 60th Pl is a separately metered true duplex consisting of two fully independent California style bungalows with private yards and parking. The front two bedroom and one bath home is occupied by an on time tenant paying $2,249 per month with market rent estimated near $3,000. The rear one bedroom and one bath home of approximately 748 square feet has been fully remodeled and is delivered vacant, ideal for immediate market rate leasing around $2,200 per month or for an owner user looking to significantly reduce their monthly payment. The existing mortgage on the property carries a highly favorable 2.62% interest rate, and buyers may have an opportunity to assume this financing subject to lender approval which creates a major affordability advantage in today’s market. Both units feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes which makes the property low maintenance and turnkey. The 6,247 square foot corner lot provides separation between structures, outdoor areas for each unit, and easy parking access. The location between Vermont and Normandie offers quick access to freeways, transit, and continued neighborhood redevelopment which creates a promising opportunity for investors seeking stable income, rental upside, and long term valuation growth.
Updated Description:
Two fully detached homes on an oversized corner lot that is well priced and offering strong income potential and long term upside. 1301 W 60th Pl is a separately metered true duplex consisting of two fully independent California style bungalows with private yards and parking. The front two bedroom and one bath home is occupied by an on time tenant paying $2,249 per month, with market rent estimated near $3,000. The rear one bedroom and one bath home of approximately 748 square feet has been fully remodeled and is delivered vacant, ideal for immediate market rate leasing around $2,200 per month or for an owner user looking to meaningfully reduce their monthly payment. The existing mortgage on the property carries a highly favorable 2.625% assumable interest rate, which creates a major affordability advantage in today’s market. Both homes feature modern kitchens, newer flooring, refreshed bathrooms, upgraded windows, and clean exterior finishes, making the property low maintenance and turnkey. The 6,247 square foot corner lot provides separation between structures, outdoor areas for each unit, and convenient parking access. The location between Vermont and Normandie offers quick access to freeways, transit, and ongoing neighborhood redevelopment, creating a strong opportunity for buyers seeking stable income, rental upside, and long term valuation growth.
