1701 E 61st Street

Los Angeles, CA 90001
$449,000
580 sqft | 2 beds | 1 bath | 0.07 acres | #DW24176697
Courtesy of Executive Bankers Realty

Description

Investor/developer opportunity which includes 2 single family residences located at 1701 and 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 and investors are advised to do their own updated dual diligent inspections and investigations on the properties including looking into any re-zoning changes that may have occurred. 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 2,923 sqft lot. 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 2,366 sqft. lot. 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, if permitted.
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  • Property Details
      • Interior:AllBedroomsDown
      • Bedrooms:2
      • Bathrooms:1
      • Full Baths:1
      • Stories:1
      • Lot description:BackYard, FrontYard, Lawn, Yard
      • Acres:0.0671
      • Square Feet:580
      • Property type:Purchase
      • Year built:1922
      • Sewer information:PublicSewer
      • Utility source:Public
      • School district:Los Angeles Unified
      • County:Los Angeles
      • Original List Price:$499, 900
      • MLS #:DW24176697
      • Cost:449000
      • Property subtype:SingleFamilyResidence
      • MLS #:DW24176697
      • Structure type:House

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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