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31178054
31178055

1049 W 61st St, Los Angeles, CA 90044

SK
CA 01887505
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$955,000
76 days on market
Updated 27 days ago

1049 W. 61st

Details
APN 6003022019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,584
Net Rentable (SqFt) 2,584
Units 2
Cap Rate 5.93%
NOI $56,640
Occupancy 100%
Pro-Forma Cap Rate 6.9%
Pro-Forma NOI $65,906
Price per SqFt $370
Year Built 1922
Year Renovated 2024
Buildings 2
Stories 2
Lot Size (SqFt) 6,055
Zoning LAR2

Multifamily | 2 Units | $477,500/unit

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire 1049 W 61st Street, a fully renovated 2,584 square foot duplex consisting of a standalone single-family residence and a newly constructed two-story ADU located in the Vermont–Slauson neighborhood of South Los Angeles. The property is currently fully occupied, but the sellers are willing to deliver one unit vacant before the close of escrow, providing flexibility for both investors and potential owner-users.

Originally built in 1922, the front unit was fully renovated in 2024 and features a 1,120 square foot 3-bedroom / 2-bathroom single-family residence with a new roof, updated electrical system, copper plumbing, new appliances, and in-unit laundry. It also offers a small front patio area that can be utilized as outdoor space or additional parking.

At the rear of the property is a newly constructed 1,464 square foot, two-story ADU totaling 1,464 square feet. The unit was completed in 2024 and offers 4 bedrooms and 2.5 bathrooms. The first floor features the living room, dining area, kitchen, and half bathroom. There is a private garage with direct access to the unit and all bedrooms and remaining full bathrooms are located on the second level. This unit also includes in-unit laundry, new appliances, gated access, and additional on-site parking. Together, the improvements and new construction create a turnkey duplex with modern systems and updated interiors throughout.

Located just off Vermont Avenue, the property offers convenient access to public transportation, neighborhood retail, and schools. The property is a short drive to USC, Exposition Park, Downtown Los Angeles, and major entertainment venues including SoFi Stadium, Kia Forum, and Intuit Dome, with easy access to the 110 Freeway.

Investment highlights

· Standalone Front House + Rear ADU Configuration

· Large Unit Sizes – 1,120 SF House & 1,464 SF ADU

· Fully Renovated Front House

· One unit to be delivered vacant before the Close of Escrow

· Strong In-Place Cash Flow

· 4–6 On-Site Parking Spaces – Gated driveway plus attached garage

· In-Unit Laundry & New Appliances in Both Units

· ADU Not Subject to LA RSO (Front house is subject to RSO)

Listing Contacts

SK
CA 01887505
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$56,640.00
$4,720.00/mo

Valuation Metrics

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DSCR
5.93%
Cap Rate
5.93%
ROI

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