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250 E 61st St, Los Angeles, CA 90003
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250 E 61st St Los Angeles, CA 90003

$585,000 Sold Price as of 01/02/2020
  • 4 Beds
  • 4 Baths
  • 2,720 Sq.Ft.
Sold
$585,000 Sold Price as of 01/02/2020 Refinance Your Mortgage
Map preview of 250 E 61st St, Los Angeles, CA 90003

Property Overview: 250 E 61st St Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,720 living square feet and 2,444 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EXCELLENT INVESTMENT OPPORTUNITY: 4 clean units - All 1 bed, 1bath, 2,720 total sq. ft, in good condition. 3 of the 4 units have long term tenants that will remain. 1 of the 4 units is remodeled and is offered for lease at $1,250 a month or could be delivered before leasing it. Inside washer and dryer with an exterior entrance on all four units. Located close to all transportation. Don't miss this great opportunity to own your own investment property. This property is located in a designated "Opportunity Zone" with capital gains tax saving incentives (to be verified with your accountant).

Listed by Kellie Jones | BRE #01253964 | CoastLines Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
2,444
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
OC19242512
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $824
  • Total Rent: $824
  • Pro Forma/Market Rent: $1,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $772
  • Total Rent: $772
  • Pro Forma/Market Rent: $1,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.26%
  • Gross Rent Multiplier: 13.1
  • Gross Scheduled Income: $44,652
  • Net Operating Income: $36,614
  • Gross Operating Income: $43,312
  • Vacancy Allowance: $1,339
Annual Expense Breakdown
  • Total Operating Expense: $6,692
  • Licenses: $202
  • New Taxes: $0
  • Trash: $0
  • Gardener: $720
  • Insurance: $1,106
  • Maintenance: $930
  • Water/Sewer: $3,735

Property Details for 250 E 61st St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6006009002
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Other Subdivision Name: Mettler's Main Street South Park
  • Directions: 61st St/Gage/San Pedro
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 250 E 61st St

Last sold for $585,000 on January 2nd, 2020

  • January, 2020

  • Jan 3, 2020

    Date

    Sold

    CRMLS: OC19242512

    $585,000

    Price

  • Dec 16, 2019

    Date

    Pending

    CRMLS: OC19242512

    $585,000

    Price

  • Nov 25, 2019

    Date

    Active Under Contract

    CRMLS: OC19242512

    $585,000

    Price

  • Nov 15, 2019

    Date

    Active

    CRMLS: OC19242512

    $585,000

    Price

  • January, 2020

  • Jan 2, 2020

    Date

    Sold (Public Records)

    Public Records

    $585,000

    Price

  • December, 2019

  • Dec 16, 2019

    Date

    Canceled

    CRMLS: OC19265891

    $585,000

    Price

  • Nov 25, 2019

    Date

    Withdrawn

    CRMLS: OC19265891

    $585,000

    Price

  • Nov 16, 2019

    Date

    Active

    CRMLS: OC19265891

    $585,000

    Price

  • Listing provided courtesy of CRMLS

    EXCELLENT INVESTMENT OPPORTUNITY: 4 clean units - All 1 bed, 1bath, 2,720 total sq. ft, in good condition. 3 of the 4 units have long term tenants that will remain. 1 of the 4 units is remodeled and is offered for lease at $1,250 a month or could be delivered before it is leased. Inside washer and dryer with an exterior entrance on all four units. Located close to all transportation. Don't miss this great opportunity to own your own investment property. This property is located in a designated "Opportunity Zone" with capital gains tax saving incentives (to be verified with your accountant).

  • June, 2019

  • Jun 7, 2019

    Date

    Canceled

    CRMLS: OC19082367

    $555,000

    Price

  • Jun 2, 2019

    Date

    Active

    CRMLS: OC19082367

    $555,000

    Price

  • May 21, 2019

    Date

    Hold

    CRMLS: OC19082367

    $555,000

    Price

  • May 20, 2019

    Date

    Price Change

    CRMLS: OC19082367

    $555,000

    Price

  • May 11, 2019

    Date

    Price Change

    CRMLS: OC19082367

    $569,000

    Price

  • Apr 12, 2019

    Date

    Price Change

    CRMLS: OC19082367

    $539,000

    Price

  • Apr 11, 2019

    Date

    Active

    CRMLS: OC19082367

    $559,000

    Price

  • Listing provided courtesy of CRMLS

    4 clean units - 1 bed, 1bath, 2,750 total sq. ft, in good condition with long term tenants that will remain. Located in a Designated "Opportunity Zone" with capital gains tax saving incentives (to be verified with your accountant)

  • April, 2019

  • Apr 22, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2019

  • Apr 11, 2019

    Date

    Canceled

    CRMLS: OC18261783

    $559,000

    Price

  • Apr 3, 2019

    Date

    Price Change

    CRMLS: OC18261783

    $559,000

    Price

  • Mar 28, 2019

    Date

    Active

    CRMLS: OC18261783

    $680,000

    Price

  • Mar 28, 2019

    Date

    Price Change

    CRMLS: OC18261783

    $680,000

    Price

  • Feb 4, 2019

    Date

    Active Under Contract

    CRMLS: OC18261783

    $519,000

    Price

  • Jan 26, 2019

    Date

    Active

    CRMLS: OC18261783

    $519,000

    Price

  • Listing provided courtesy of CRMLS

    4 residential units in good condition with long term tenants that will remain.

Show More

Tax History for 250 E 61st St

Assessed Value (2020): $698,700
Year Land Value Improved Value Assessed Value
2020 $459,000 $239,700 $698,700

Home Value Compared to the Market

This property vs the competition

250 E 61st St sold on January 2, 2020 for 47.77% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $215.07 per/sqft which puts the price per square foot 70.29% lower than the current median sale per square foot for the city of Los Angeles.

About 250 E 61st St

Detailed summary of property

250 E 61st St is a fourplex that recently sold in Los Angeles, CA 90003. This fourplex offered 4 bedrooms, 4 bathrooms, roughly 2,720 living square feet, and sits on an approximately 2,444 square foot lot. 250 E 61st St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $585,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 47.77% lower than the current median priced home. Local homes that are currently for sale include 228 W 47th Pl, 523 W 76th Street and 523 W 76th Street. While the average home in Los Angeles, CA is selling in 106 days, 250 E 61st St has a days on market of 12 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 250 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 250 E 61st St

Public county record property details
Beds
4
Baths
4
Year built
1948
Sq. Ft.
2,720
Lot Size
2,443
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
232
APN
6006-009-002

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
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
47
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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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