For Sale
$1,200,000

1049 61St StLos Angeles, CA 90044

Two-unit building, high cap rate, renovated 2024

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional Los Angeles investment property, located at 1049 W 61st St, 90044, presents a compelling opportunity. The property consists of two separate buildings on a single lot, totaling 3,650 square feet. One unit is a three-bedroom, two-bathroom home, while the other is a newly constructed four-bedroom, two-and-a-half-bathroom residence. Both units boast ample parking and in-unit laundry facilities, along with private yards and new appliances. The property is zoned R2-1 and features a 4.39% cap rate, with an asking price of $1,200,000 ($600,000 per unit) and a price per square foot of $328. Built in 2024, this property offers a blend of modern amenities and strong investment potential. The property's location in Los Angeles County provides access to a thriving rental market. This duplex is ideal for both investors seeking a high-yield asset and owner-occupants looking for a multi-family property with significant rental income potential. The property's two-story design and excellent condition make it a truly attractive investment. The Los Angeles County Assessor's Parcel Number (APN) is 6003-022-019.

Highlights

  • $1,200,000 asking price for a two-unit apartment building.
  • Multifamily property, Class C, totaling 3,650 square feet.
  • $328 per square foot, with a 4.39% cap rate.
  • Two units, each priced at $600,000, renovated in 2024.
  • Located at 1049 W 61st St, Los Angeles, CA 90044, with R2-1 zoning.

Property Details for 1049 61St St

Property type
Apartment buildings
Square Feet
3,650 SF
Class
C
Year Renovated
2024
Buildings
2
Stories
2
Units
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9843669
Longitude
-118.2932497
1049 61St St, Los Angeles, California

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1049 61St St
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