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1433 E 61st Street

Los Angeles, CA 90001
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Bed 8

Bed

Bath 8

Bath

SqFt4,456

Sqft

SqFt6,957

Sqft(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,000,000

AD Id : 90991722

MLS Id : 26969467

Beds : 8

Lot Size : 6,957 Sqft

Living Area Size : 4,456

Year Built : 1957

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 8
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1957
    Building Area Total: 4456
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 6957 Lot Size Acres: 0.1597 Lot Size Square Feet: 6,957

  • Listing Price Information

    Listing Price: $1000000

  • Tax Information

    Parcel Number: 6008027023

  • Location Information

    Direction: Between Hooper and Compton Avenues on E 61st Street
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
6208 Holmes, Los Angeles, CA, 90001 $750,000 2 1 768 6,750 Sqft
6525 Holmes Avenue, Los Angeles, CA, 90001 $899,000 3 3 3,347 7,545 Sqft
1833 E Florence, Los Angeles, CA, 90001 $590,000 3 1 1,376 4,844 Sqft
7828 Bell, Los Angeles, CA, 90001 $475,000 2 1 760 1,805 Sqft
1703 E 67th Street, Los Angeles, CA, 90001 $1,299,000 10 5 3,273 5,949 Sqft
6101 Compton Avenue, Los Angeles, CA, 90001 $1,450,000 7 -- 7,350 6,608 Sqft
1503 E Gage Avenue, Los Angeles, CA, 90001 $599,999 3 3 1,412 2,366 Sqft
6905 Compton, Los Angeles, CA, 90001 $690,000 3 3 -- 2,314 Sqft
6911 Compton, Los Angeles, CA, 90001 $790,000 2 2 1,580 5,115 Sqft
1318 E 59th Place, Los Angeles, CA, 90001 $950,000 7 -- 2,415 5,690 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/07/2026 @ 21:09

MLS: 26969467 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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