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515 E 61st Street

Los Angeles, CA 90003

– beds
– baths
– sqft
5,419 sqft lot
1908 build
– on site

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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.

Listed By CRMLS_CA / Juan Huizar / Sage Real Estate

Last checked: Checking… • Last updated Dec 7, 2024 •

MLS# PW22041707 —

The Building

Year Built:

1908
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2291.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

3
Roof:

Shingle
Stories Total:

2
Accessibility Features:

Parking, Ramp - Main Level
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

3
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Flooring:

Tile
Room Type:

Entry, Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Location

Directions:

Major cross streets S Avalon Blvd & E Slauson Ave.
Latitude:

33.98454000
Longitude:

-118.26579000

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LAR2
Lot Features:

Rectangular Lot
Lot Size Area:

5419.0000
Lot Size Acres:

0.1244
Lot Size SqFt:

5419.00
Lot Size Source:

Assessor
View:

None
Fencing:

Good Condition, Security, Stucco Wall, Wrought Iron
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2392.02
Tax Lot:

405

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6006026028

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood
Included:

Yes

The Community

Features:

Curbs, Sidewalks, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Driveway, Asphalt, Private, Shared Driveway
Parking Spaces:

6.00
Uncovered Spaces:

6.00

Extra Units

Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Fiber

Provided by BroadbandNow®

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Sale history

Date	Event	Source	Price
5/27/22 May 27, 2022	Sold	CRMLS_CA	$775,000
5/18/22 May 18, 2022	Pending	CRMLS_CA	$775,000
4/26/22 Apr 26, 2022	Sold Subject To Contingencies	CRMLS_CA	$775,000

Multifamily Sold on 5/27/2022

$775,000

Listing provided by broker:

Juan Huizar

Sage Real Estate

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Listing Courtesy of: CRMLS_CA and Sage Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 07:35 on May 13.

This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

515 E 61st Street

Los Angeles, CA 90003