Investor/developer opportunity which includes 2 single family residences located at 1701-1703 E. 61st. street Los Angeles Ca in 90001 area. Each home is built on it’s own parcel and being sold together. These 2 parcels are adjoined and located in a SP zone district with the possibility of being allowed to build a minimum of 3 but up to 6 units on one parcel & a minimum of 4 but up to 7 units on the other, but investors are advised to do their own updated dual diligent inspections and investigations which include consulting with local building, zoning, and planning departments. The front house/parcel which is 1701 with a parcel number of 6009-008-024, is a 2 bedroom 1 bath home with a living square footage of approx. 580 built on a lot size of approx. 2923 sqft. It currently has fire damage which has affected the interior. The back house/parcel, which is 1703 61st. street with it’s parcel number of 6009-008-025, is a 2 bedroom 1 bath with a living square footage of approx. 496 built on a lot size of approx. 2366 sqft.. Despite the condition, these properties are an exceptional opportunity for possible rehab/or for development and expansion. This neighborhood is conveniently located near local amenities, schools, shopping centers, churches, parks etc. with easy access to major highways and public transportation. Great opportunity for multifamily housing development for a profitable investment, possible lot tie etc. if permitted by county. Note: Bedroom count, bath count, living and lot size square footage, is a total combined from both properties in advertisement.
Property Details
Price:
$449,000
MLS #:
DW24177476
Status:
Active
Baths:
0
Address:
1703 E 61st Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Aug 26, 2024
State:
CA
ZIP:
90001
Lot Size:
5,289 sqft / 0.12 acres (approx)
Year Built:
1922
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Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
Front Yard
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer, Sewer Paid
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address1703 E 61st Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90001
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Courtesy of Executive Bankers Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1703 E 61st Street
Los Angeles, CA
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