1049 W 61st Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$990,000
1049 W 61st Street, Los Angeles, California 90044
0Bed
0Bath
2,584Sqft
6,057Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Age of Front Unit: The front unit, built in 1922, is over a century old. While described as well-maintained, it may have older infrastructure, systems, or require more significant upkeep compared to the new rear unit.
Compared to the nearby listings
Price:$990.0K vs avg $787.5K (+$202,500)81%
Size:2,584 sqft vs avg 2,093.5 sqft69%
Price/sqft:$383 vs avg $34559%
More Insights
Built in 1922 (103 years old).
Condition: This duplex property features a newly constructed rear unit with a modern open floor plan, luxury finishes, and energy-efficient systems, which perfectly meets the 'Excellent' condition criteria. The front unit, while built in 1922, is described as 'well maintained' and images show recent updates including modern laminate flooring, updated kitchen cabinets, and stainless steel appliances, indicating it is in at least 'Good' condition. The significant presence of a brand-new, high-quality unit elevates the overall property condition to Excellent.
Year Built
1922
Close
-
List price
$990K
Original List price
$1.25M
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
SR25189989
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
IKON Properties is pleased to present this great investment opportunity in the heart of Los Angeles, a unique duplex configuration consisting of two fully detached single family homes situated on a single parcel. This offering is ideal for investors seeking stable rental income or owner users looking to offset occupancy costs with supplemental income. The front structure is a well maintained 3-bedroom, 2-bath residence offering generous interior space and functional layout, suitable for family tenancy. The rear unit is a newly constructed 4-bedroom, 2.5-bath home featuring a modern open floor plan, luxury finishes, and energy efficient systems. Both units are separately metered and offer dedicated private yards, in unit laundry, and ample parking. This is a rare find, a duplex that feels like two single family homes with separate entries, privacy, and high end finishes throughout. Whether you’re looking to grow your portfolio or accommodate extended family, this property offers the versatility and value rarely found in today's market.
Nearby schools
3/10
Budlong Avenue Elementary School
Public,•K-5•0.2mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.5mi
3/10
Sixty-First Street Elementary School
Public,•K-6•0.6mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.7mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.9mi
2/10
Western Avenue Elementary School
Public,•K-5•1.1mi
5/10
Estrella Elementary School
Public,•K-5•1.2mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
2/10
John Muir Middle School
Public,•6-8•0.2mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.7mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.0mi
5/10
Santee Education Complex
Public,•9-12•3.5mi
9/10
Middle College High School
Public,•9-12•4.7mi
Price History
Date
Event
Price
09/14/18
Sold
$379,000
Condition Rating
Excellent
This duplex property features a newly constructed rear unit with a modern open floor plan, luxury finishes, and energy-efficient systems, which perfectly meets the 'Excellent' condition criteria. The front unit, while built in 1922, is described as 'well maintained' and images show recent updates including modern laminate flooring, updated kitchen cabinets, and stainless steel appliances, indicating it is in at least 'Good' condition. The significant presence of a brand-new, high-quality unit elevates the overall property condition to Excellent.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Unique Duplex Configuration: Consists of two fully detached single-family homes on a single parcel, offering superior privacy, separate entries, and distinct living spaces, which is a rare and highly desirable feature for a duplex.
Strong Income Potential: Ideal for investors or owner-users, with separately metered units, in-unit laundry, and dedicated private yards maximizing rental income and offsetting occupancy costs.
Modern New Construction (Rear Unit): The newly constructed rear unit boasts a modern open floor plan, luxury finishes, and energy-efficient systems, appealing to contemporary tenant preferences and commanding higher rents.
Ample Dedicated Parking: Both units benefit from dedicated private parking, a significant and valuable amenity in the Los Angeles market, enhancing tenant convenience and property value.
Versatile Use Case: The property offers exceptional versatility, suitable for growing an investment portfolio, owner-occupancy with supplemental income, or accommodating extended family members.
Cons
Age of Front Unit: The front unit, built in 1922, is over a century old. While described as well-maintained, it may have older infrastructure, systems, or require more significant upkeep compared to the new rear unit.
Significant Price Reductions: Multiple substantial price reductions from the original list price could raise buyer concerns about initial overpricing or potential underlying issues affecting market value and buyer confidence.
Discrepancy in Unit Modernity: The stark contrast between the newly built, modern rear unit and the century-old front unit might create a challenge in marketing consistency or require future investment in the older unit to match the newer one's appeal.