1433 E 61st Street, Los Angeles, CA 90001
Local realty services provided by:ERA Excel Realty
1433 E 61st Street,Los Angeles, CA 90001
$1,000,000
- 8 Beds
- 8 Baths
- 4,456 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap310-909-5500
MLS#:26969467
Source:CRMLS
Price summary
- Price:$1,000,000
- Price per sq. ft.:$224.42
About this home
We are pleased to present 1433 E 61st Street, an 8 unit multifamily investment opportunity in South Los Angeles. The property sits on a 6,957 square foot lot with 4,456 square feet of gross building area and was originally constructed in 1957.The building is configured entirely as 1 Bedroom + 1 Bathroom units, offering a uniform, easy to manage unit mix with consistent tenant appeal. The building consists of a two story, wood frame structure with gas and electricity separately metered by unit, allowing utility expenses to be passed through to tenants and simplifying ownership. The property offers 7 open parking spaces located at the rear of the building, a meaningful amenity for tenants and a point of differentiation in the submarket. Interior unit features include vinyl plank flooring in the living room, tile flooring in the kitchen, and a wall heater. Bathrooms have been improved with new tile surround at the tub and a new vanity, while kitchens remain in original condition, presenting a clear value add opportunity for a future ownership group. At a purchase price of $1,000,000 ($125,000 per unit), the offering reflects a 7.69% current cap rate and a 7.30 GRM. With approximately 18.07% rental upside to market, an investor can achieve a pro forma cap rate of 9.93% and a 6.18 GRM through targeted renovation and lease up to market rents. This presents a rare opportunity to acquire a stabilized, income producing asset in South Los Angeles with straightforward value add potential through kitchen renovations and rent growth to market levels....
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Home facts
- Year built:1957
- Listing ID #:26969467
- Added:53 day(s) ago
- Updated:October 27, 2026 at 12:53 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Living area:4,456 sq. ft.
Structure and exterior
- Year built:1957
- Building area:4,456 sq. ft.
- Lot area:0.16 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,000,000
- Price per sq. ft.:$224.42
Parking
- Total parking spaces:7
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