118 W 61st St, Los Angeles, CA 90003
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118 W 61st St Los Angeles, CA 90003

$900,000 Sold Price as of 03/15/2021
  • 10 Beds
  • 6 Baths
  • 3,708 Sq.Ft.
Sold
$900,000 Sold Price as of 03/15/2021 Refinance Your Mortgage

Map preview of 118 W 61st St, Los Angeles, CA 90003

Property Overview: 118 W 61st St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,708 living square feet and 5,121 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great newer investment property! Built in 2017, this duplex features 5 bedrooms and 3 bathrooms for each unit. One-car garage for front unit and two car garage for back unit. Back alley provide easy access to back unit. Artificial grass requires minimum garden maintenance. Current monthly rent is $6000. Good tenant, always pay on time!

Listed by WENJING HOU | BRE #01977192 | KELLER WILLIAMS RIVERSIDE CENT
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
5,121
HOA Dues
$0/mo
Year built
2017
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
IV20243859
City
Los Angeles
County
Los Angeles
Time on Site
1198 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,950
  • Total Rent: $5,950
  • Pro Forma/Market Rent: $6,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $57,100
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,900
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $2,400
  • Trash: $0
  • Insurance: $1,200
  • Professional Management: $4,000
  • Water/Sewer: $7,300

Property Details for 118 W 61st St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6005019009
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North W Gage Ave, West S Main St.
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 118 W 61st St

Last sold for $900,000 on March 15th, 2021
  • March, 2021

  • Mar 15, 2021

    Date

    Sold

    CRMLS: IV20243859

    $900,000

    Price

  • Feb 23, 2021

    Date

    Pending

    CRMLS: IV20243859

    $930,000

    Price

  • Jan 20, 2021

    Date

    Active Under Contract

    CRMLS: IV20243859

    $930,000

    Price

  • Dec 28, 2020

    Date

    Active

    CRMLS: IV20243859

    $930,000

    Price

  • Dec 15, 2020

    Date

    Active Under Contract

    CRMLS: IV20243859

    $930,000

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: IV20243859

    $930,000

    Price

  • November, 2017

  • Nov 9, 2017

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

  • December, 2016

  • Dec 16, 2016

    Date

    Sold (Public Records)

    Public Records

    $285,000

    Price

Show More

Tax History for 118 W 61st St

Assessed Value (2020): $816,714
Year Land Value Improved Value Assessed Value
2020 $338,130 $478,584 $816,714

Home Value Compared to the Market

This property vs the competition

118 W 61st St sold on March 15, 2021 for 21.85% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $250.81 per/sqft which puts the price per square foot 66.78% lower than the current median sale per square foot for the city of Los Angeles.

About 118 W 61st St

Detailed summary of property

118 W 61st St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 3,708 living square feet, and sits on an approximately 5,121 square foot lot. 118 W 61st St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $900,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.85% lower than the current median priced home. Local homes that are currently for sale include 5123 S San Pedro, 815 W 62nd Pl and 316 W 75th St. While the average home in Los Angeles, CA is selling in 96 days, 118 W 61st St has a days on market of 52 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 118 W 61st St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 118 W 61st St

Public county record property details
Beds
10
Baths
6
Year built
2017
Sq. Ft.
3,708
Lot Size
5,120
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
98
APN
6005-019-009

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.