1137 W 61st, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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1137 W 61st
Los Angeles, California 90044
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,944Sq Ft
5,382Lot Size
Property Price
LIST PRICE$789,000
EST. MARKET VALUE
$799,407
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $789,000—positioned well below the $799,408 Fair Market Value by 1%. This valuation gap offers $10,408 in Instant Equity. With a Condition Rating of 4, the property features dated interiors that invite cosmetic updates to maximize rental yields. The 5,382 sqft lot provides significant ADU development potential, making this a strategic Asset for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$799,407
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1137 W 61st Subject 0 bd · 0 ba · 1,944 sqft · $411 | $789,000* List Price | 0 | 0 | 1,944 | $411 | - |
A 1300 W 71st Sold 0 bd · 0 ba · 1,850 sqft · $389 · 0.7 mi | $720,000 | 0 | 0 | 1,850 | $389 | 0.7 mi |
B 639 W Gage Avenue Sold 0 bd · 0 ba · 1,830 sqft · $344 · 0.6 mi | $630,000 | 0 | 0 | 1,830 | $344 | 0.6 mi |
C 837 W Gage Avenue Sold 0 bd · 0 ba · 1,504 sqft · $439 · 0.4 mi | $660,000 | 0 | 0 | 1,504 | $439 | 0.4 mi |
D 860 860 W. 73rd St. Sold 0 bd · 0 ba · 2,275 sqft · $337 · 0.8 mi | $767,000 | 0 | 0 | 2,275 | $337 | 0.8 mi |
E 651 W Gage Sold 0 bd · 0 ba · 1,622 sqft · $481 · 0.6 mi | $780,000 | 0 | 0 | 1,622 | $481 | 0.6 mi |
F 906 W 59th Sold 0 bd · 0 ba · 1,916 sqft · $378 · 0.4 mi | $725,000 | 0 | 0 | 1,916 | $378 | 0.4 mi |
G 6519 Denver Avenue Sold 0 bd · 0 ba · 1,672 sqft · $523 · 0.7 mi | $875,000 | 0 | 0 | 1,672 | $523 | 0.7 mi |
H 1247 W 62nd Active 0 bd · 0 ba · 2,305 sqft · $325 · 0.1 mi | $749,000 List Price | 0 | 0 | 2,305 | $325 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, the property shows signs of a budget-friendly renovation likely performed 15-20 years ago, featuring laminate flooring and recessed lighting. The bathrooms and kitchen areas appear dated with basic fixtures and older tile work. While functional and move-in ready for tenants, the property requires cosmetic updates and likely system overhauls due to its age.
PROSSTRENGTHS & OPPORTUNITIES
- Owner-Occupant Flexibility
The front unit will be delivered vacant at the close of escrow, providing an ideal opportunity for a buyer to live in one unit while generating rental income from the other to offset the mortgage.
- Value-Add Development Potential
The property features a generous lot size with potential for an Accessory Dwelling Unit (ADU), offering a clear path to increase the property's density, cash flow, and overall market value.
- Strong Negotiation Leverage
The listing explicitly highlights a motivated seller and an invitation for all offers, suggesting a high likelihood of flexibility regarding price and terms during the escrow process.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1922, the property may require significant capital improvements or updates to major systems to meet modern standards and reduce long-term maintenance costs.
- Tenant Management Complexity
With one unit occupied, the buyer inherits existing lease terms and tenant relations, which may limit immediate renovations or the ability to adjust all units to current market rents.
About 1137 W 61st
Check out this DUPLEX! SELLER MOTIVATED! EXCELLENT INVESTMENT OPPORTUNITY WITH ADDITIONAL INCOME POTENTIAL! FRONT UNIT WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. Discover the possibilities! This property offers a great opportunity for investors, owner-occupants, or buyers looking to maximize its potential. FRONT UNIT TO BE DELIVERED VACANT AT CLOSE OF ESCROW! An excellent opportunity for buyers looking to occupy one unit while exploring rental income opportunities from the other. ADDITIONAL DEVELOPMENT POTENTIAL! The property may offer space for an Accessory Dwelling Unit (ADU), presenting an opportunity to explore additional rental income. Buyer to independently verify zoning, permits, feasibility, and all applicable city requirements. PLEASE DO NOT DISTURB TENANTS OR ENTER THE PROPERTY WITHOUT AN APPOINTMENT. Showings are available or key. Contact the listing agent for additional information and showing instructions. All information is deemed reliable but is not guaranteed. Buyers and their agents are advised to independently verify all information to their satisfaction. MOTIVATED SELLER — BRING YOUR OFFERS! Property is subject to applicable rent control regulations. Buyer and buyer's agent to independently verify all applicable ordinances and restrictions.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1922
- Lot Size
- 5,382 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Budlong Avenue Elementary School
Grades K-5 • 0.2 mi
3/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Grades K-6 • 0.6 mi
2/10
Sixty-First Street Elementary School
Grades K-6 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,944 | 2,090.331 |
| Lot Size | 5,382 | 5,852.908 |
| Price | $789.0K | $830.9K |
| Price per sq ft | $406 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 7 | 87 |
Pricing History
Listed for Sale
Nov 2, 2026
$789,000
Initial Listing
Sold
Nov 15, 2005
$500,000
Public Record
Sold
Sep 24, 2004
$350,000
Public Record
Sold
Feb 18, 2003
$40,000
Public Record
Sold
Apr 4, 2002
$185,000
Public Record