515 E 61st Street, Los Angeles, CA 90003
Fourplex · 2 recorded sales since 2017
Sold May 2022
Listing Agent: Juan Huizar (DRE #01417642) · Listing Office: Sage Real Estate · Contact: 562-400-7622 · Bought with: Andrew McAdams · eXp Realty of California Inc · MLS #PW22041707 · Source: CRMLS
About this fourplex
Welcome to 515 E. 61st St., a 4-unit property in an up-and-coming neighborhood of Los Angeles. Situated in a rapidly-improving neighborhood, this property is ready to rent as-is, while still a great candidate for value-add investors. Despite a great current cap. rate of 6.9%, there is still tremendous upside in the rents. Offering a favorable unit mix of a duplex up front, each unit having 2 beds, 1 bath. In the rear, there are two separate, free-standing structures - with one home being a 1 bed, 1 bath and the second home being a studio. This large lot features tons of gated parking in the rear, while providing an opportunity to build one, if not two, ADUs. Whether you are an owner-user or a traditional investor, this property has unlimited potential.
Listing description from the May 2022 sale, as reported to CRMLS.
Sale history
