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244 E 61St St, Los Angeles, CA 90003
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244 E 61St St Los Angeles, CA 90003

$1,280,000 Sold Price as of 10/19/2021
  • 16 Beds
  • 9.75 Baths
  • 8,968 Sq.Ft.
Sold
$1,280,000 Sold Price as of 10/19/2021 Refinance Your Mortgage
Map preview of 244 E 61St St, Los Angeles, CA 90003

Property Overview: 244 E 61St St Los Angeles, CA has 16 bedrooms, 9.75 bathrooms, 8,968 living square feet and 9,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Terrific Investment Opportunity. 12 units total. 7 units that are One Bedroom and One bathroom; 3 units that are 2 bedrooms and 1 bath; 1 unit that is a single unit and 1 unit that is 3 bedrooms and 2 bathrooms. Conveniently located near freeways, shopping, restaurants. Most of the Tenants are long term tenants.

Listed by Carrie Uva | BRE #01152047 | 24 Hour Real Estate
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
9,250
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW21200893
City
Los Angeles
County
Los Angeles
Time on Site
1023 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,040
  • Total Rent: $5,040
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,321
  • Total Rent: $3,321
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,252
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $551
  • Total Rent: $551
  • Pro Forma/Market Rent: $850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $123,780
  • Net Operating Income: $66,136
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $51,455
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $1,127
  • Trash: $0
  • Gardener: $720
  • Insurance: $6,192
  • Maintenance: $7,764
  • Professional Management: $0
  • Water/Sewer: $21,216
  • Other Expenses: $6,996
  • Other Expense Description: prop ta

Property Details for 244 E 61St St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 6006009008
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: just off San Pedro Street
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 244 E 61St St

Last sold for $1,280,000 on October 19th, 2021

  • September, 2021

  • Sep 12, 2021

    Date

    Pending

    CRMLS: DW21200893

    $1,150,000

    Price

  • Sep 11, 2021

    Date

    Active

    CRMLS: DW21200893

    $1,150,000

    Price

  • December, 2001

  • Dec 6, 2001

    Date

    Sold (Public Records)

    Public Records

    $351,000

    Price

Show More

Tax History for 244 E 61St St

Assessed Value (2020): $474,595
Year Land Value Improved Value Assessed Value
2020 $203,961 $270,634 $474,595

Home Value Compared to the Market

This property vs the competition

244 E 61St St sold on October 19, 2021 for 1.77% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $128.23 per/sqft which puts the price per square foot 82.99% lower than the current median sale per square foot for the city of Los Angeles.

About 244 E 61St St

Detailed summary of property

244 E 61St St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 16 bedrooms, 9.75 bathrooms, roughly 8,968 living square feet, and sits on an approximately 9,250 square foot lot. 244 E 61St St was first listed on ArdentRealEstateGroup.com on September 11, 2021. The homeowner sold the property for $1,280,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.77% higher than the current median priced home. Local homes that are currently for sale include 625 E 49th St, 5116 S Budlong Ave and 915 E 50th St. While the average home in Los Angeles, CA is selling in 99 days, 244 E 61St St has a days on market of 2 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 244 E 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 244 E 61St St

Public county record property details
Beds
15
Baths
12
Year built
1964
Sq. Ft.
8,968
Lot Size
9,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
238,239
APN
6006-009-008

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.
$583
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
42
Median Sale to List Price %
101.9%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (11.11%), VA (11.11%), Cash (44.44%), Other (33.33%)

Thinking of Selling?

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(714) 706-1823

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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.

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