4 Beds   2 Baths   1,638 Sq. Ft.   Single-Family
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W 60th St
Los Angeles, CA 90043

*Rental Value Coming Soon

Overview

This Single-Family is located at W 60th St, Los Angeles, CA 90043. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 4 Beds, 2 Baths , 1,638 sqft of living space.
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Status: Inactive
Listing ID: 52619109
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Learn about W 60th St in Los Angeles, CA

This single-family property is available as a preforeclosure at W 60th St. It has 4 bedrooms, 2 bathrooms, and 1,638 square feet of living space. Based on our analysis of the current market conditions in Los Angeles for W 60th St and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at W 60th St are updated daily along with others in Los Angeles, California.


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Property Information

  • Bedrooms: 4
  • Bathrooms: 2
  • Living Area Size: 1,638
  • Year Built: 1933
  • Comments: Investor opportunity! This property is being offered at Public Auction on 07-18-2019. Visit Auction.com now to view additional photos, Property Inspection Report with title information, plat maps and interior inspection reports when available. Auction.com is the nation's leading real estate transaction platform focused exclusively on the sale of residential foreclosure and bank-owned properties. The majority of these properties are priced below market value. Don't miss this special opportunity to buy homes at wholesale prices! In addition to this property, 404 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 623 properties scheduled for sale in Los Angeles County and 2443 throughout California. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you're looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID# 2803737 into the search bar at Auction.com
  • Day(s) On Site: 1713
  • Subdivision: 5279
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

Public Records

  • Bedrooms: 4
  • Baths: 2
  • Full Baths: 2
  • Rooms: 7
  • No. of Stories: 1
  • Parking: ON SITE
  • Exterior Wall Type: STUCCO
  • Foundation Type: RAISED
  • Roof Material: COMPOSITION ROLL
  • Roof Type: FLAT
  • Land Area Sqft: 5,275
  • Year Built: 1933
  • APN: 4004-017-029
  • Property Type: Single Family Residence
  • Front Footage: 40
  • Depth Footage: 132
  • Living Sqft: 1,638
  • Parking Spaces: 2
  • Style: SPANISH
  • Subdivision: 5279

Community & Neighborhood

This property in Los Angeles, CA is located in the 5279 Subdivision.


Preforeclosure

The property located at W 60th St in Los Angeles, CA is listed as a Preforeclosure

This listing located at W 60th St in Los Angeles, CA could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Los Angeles, California is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Los Angeles, CA, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Los Angeles, California doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction.com Online Auction

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Address: W 60th St Los Angeles CA 90043

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Auction Information

  • Minimum Bid: $135,000
  • Auction Date: 07-19-2019

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W 60th St
Los Angeles, CA 90043

4 Beds   2 Baths   1,638 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 52619109

Property Information

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Public Records

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Property Description

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Listing URL

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