3 months on rocket

1703 E 61st St, Los Angeles, CA, 90001

$449,000

Home List Price

$5,332*

Closing Credit

0 Baths
Multi

Location

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1703 E 61st St, Los Angeles$449,000

Buyer Closing Credits

$5,332*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1922
MLS #DW24177476
Lot Size0.12 Acres
StatusActive

About 1703 E 61st St

Investor/developer opportunity which includes 2 single family residences located at 1701-1703 E. 61st. street Los Angeles Ca in 90001 area. Each home is built on it's own parcel and being sold together. These 2 parcels are adjoined and located in a SP zone district with the possibility of being allowed to build a minimum of 3 but up to 6 units on one parcel & a minimum of 4 but up to 7 units on the other, but investors are advised to do their own updated dual diligent inspections and investigations which include consulting with local building, zoning, and planning departments. The front house/parcel which is 1701 with a parcel number of 6009-008-024, is a 2 bedroom 1 bath home with a living square footage of approx. 580 built on a lot size of approx. 2923 sqft. It currently has fire damage which has affected the interior. The back house/parcel, which is 1703 61st. street with it's parcel number of 6009-008-025, is a 2 bedroom 1 bath with a living square footage of approx. 496 built on a lot size of approx. 2366 sqft.. Despite the condition, these properties are an exceptional opportunity for possible rehab/or for development and expansion. This neighborhood is conveniently located near local amenities, schools, shopping centers, churches, parks etc. with easy access to major highways and public transportation. Great opportunity for multifamily housing development for a profitable investment, possible lot tie etc. if permitted by county. Note: Bedroom count, bath count, living and lot size square footage, is a total combined from both properties in advertisement.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1

Listing Office:

  • Office Name: Executive Bankers Realty
  • Office Phone: (562) 999-6999
  • Listing Agent: Daniel Calderon

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: Cross street is Holmes Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,000

Tax Information:

  • Annual Amount: $717
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1703 E 61st St vs Los Angeles

112 DAYS ON ROCKET

+74 Days

$449,000

-$572.5K Less

KEY TAKEAWAY

This property is $572.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #DW24177476

Listing Office:

  • Office Name: Executive Bankers Realty
  • Office Phone: (562) 999-6999
  • Listing Agent: Daniel Calderon

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$717$6,732
2020$704$6,664
2019$675$6,534
2018$653$6,406
2017$653$6,282

History based on county public records data.

Payment Calculator

$2,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,413

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4298731
4
/10

  • Lillian Street Elementary School

  • 5909 Lillian St

  • 0.17 miles

  • Public District Grades KG-6

school-card-donut-4298732
7
/10

  • Dr. Lawrence H. Moore Math / Science / Technology Academy

  • 1321 E 61st St

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-4298733
4
/10

  • Miramonte Elementary School

  • 1400 E 68th St

  • 0.62 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,762. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The majority of families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90001›1703 E 61st St

This home is located at 1703 E 61st St in Los Angeles, CA and zip code 90001 in the South LA neighborhood. This home, which was built in 1922, sits on a 0.12 acre lot. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $449,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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