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

$1,585,000
  • 10 Beds
  • 5 Baths
  • 3,950 Sq.Ft.
For Sale
$1,585,000 Get Pre-Qualified
Map preview of 316 E 61St St, Los Angeles, CA 90003

Property Overview: 316 E 61St St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 3,950 living square feet and 5,402 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Do not miss out on this BIG Investment Opportunity! A 2 unit residential building plus ADU in the heart of Los Angeles! Brand new ADU addition was recently built, subject is near freeway , very convenient location. Huge parking space one the back. Tenants occupied. Do not disturb tenants.

Listed by Margarito Barraza | BRE #01212782 | C-21 Realty Team
Last checked: 4 minutes ago | Last updated: February 6th, 2024 | Source CRMLS | DOM: 120
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Home details

Lot Sq. Ft
5,402
HOA Dues
$0/mo
Year built
1964
Garage
1 Car
Property Type:
Duplex
Status
Active
MLS#
RS23227700
City
Los Angeles
County
Los Angeles
Time on Site
136 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,174
  • Total Rent: $3,170
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $119,640
  • Net Operating Income: $5,916
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,916
  • Electric: $708
  • Trash: $0
  • Insurance: $2,454
  • Water/Sewer: $2,754

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Property Details for 316 E 61St St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Front Yard, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6006024012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not 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: Cross st are San Pedro St and E. 61st St
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 316 E 61St St

Last sold for $405,000 on June 1st, 2018

  • December, 2023

  • Dec 18, 2023

    Date

    Active

    CRMLS: RS23227700

    $1,723,400

    Price

  • June, 2018

  • Jun 3, 2018

    Date

    Sold

    CRMLS: 17289612

    $405,000

    Price

  • Feb 25, 2018

    Date

    Active Under Contract

    CRMLS: 17289612

    $449,500

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: 17289612

    $449,500

    Price

  • Listing provided courtesy of CRMLS

    2 unit residential building in the heart of LA!! 2 Story building, Two bedroom one bath each unit. Close to Freeway entrance, convenient location. Large lot R2 zoning. Huge parking space one the back. Tenants occupied. Do not disturb tenants.

  • June, 2018

  • Jun 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $405,000

    Price

  • November, 2017

  • Nov 14, 2017

    Date

    Canceled

    CRMLS: 16170904

    $449,500

    Price

  • Jun 13, 2017

    Date

    Active Under Contract

    CRMLS: 16170904

    $449,500

    Price

  • Jun 6, 2017

    Date

    Price Change

    CRMLS: 16170904

    $449,500

    Price

  • Nov 15, 2016

    Date

    Price Change

    CRMLS: 16170904

    $459,000

    Price

  • Oct 13, 2016

    Date

    Active

    CRMLS: 16170904

    $469,000

    Price

  • Listing provided courtesy of CRMLS

    2 unit residential building in the heart of LA!! Very Nice neighborhood, two Story building Two bedroom one bath each unit. Newly painted outside. Tenants occupied. Do not disturb tenants.

  • April, 2016

  • Apr 28, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 316 E 61St St

Assessed Value (2020): $421,362
Year Land Value Improved Value Assessed Value
2020 $327,726 $93,636 $421,362

Home Value Compared to the Market

This property vs the competition

316 E 61St St is listed 29.39% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $401.27 per/sqft which puts the price per square foot 48.16% lower than the median price per square foot for the city of Los Angeles.

About 316 E 61St St

Detailed summary of property

316 E 61St St is a duplex located in Los Angeles, CA 90003 and is currently for sale. This duplex offers 10 bedrooms, 5 bathrooms, roughly 3,950 living square feet, and sits on an approximately 5,402 square foot lot. 316 E 61St St was first listed on ArdentRealEstateGroup.com on December 19, 2023. The homeowner is currently asking $1,585,000 and was originally asking $1,723,400. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.39% higher than the median priced home. Local competing homes currently for sale include 961 W 47th St, 8704 S Central Ave and 8708 S Central Ave. While the average home in Los Angeles, CA is selling in 96 days, 316 E 61St St has a days on market of 120 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 316 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 316 E 61St St

Public county record property details
Beds
4
Baths
2
Year built
1964
Sq. Ft.
1,400
Lot Size
5,400
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
6006-024-012

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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Recently Sold Homes Near 316 E 61St St

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