7
See all 7 photos
$449,000
Est. payment /mo
5,288 Sqft Lot
Active
1703 E 61st ST Los Angeles, CA 90001
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UPDATED:
01/27/2025 08:12 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24177476
HOA Y/N No
Year Built 1922
Lot Size 5,288 Sqft
Property Description
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 an area with new zoning changes 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, however, investors are advised to do their own updated dual diligent inspections and investigations which include consulting with local building, zoning, and planning departments about the new 2025 zoning changes like SB1211. 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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR4YY
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Private Pool No
Building
Lot Description Front Yard
Story 1
Entry Level One
Sewer Public Sewer, Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6009008025
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Trust
Listed by Daniel Calderon • Executive Bankers Realty • 562-999-6999