149 W 61 Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
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149 W 61 Street
Los Angeles, California 90003
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,107Sq Ft
5,117Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$483,268
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,999—positioned slightly above the $539,945 Fair Market Value. While the property requires a full rehab given its Condition Rating of 5, the R2-zoned lot provides significant upside through ADU development. The 5,117-square-foot lot and City Lights view offer a solid foundation for long-term appreciation. This asset is strictly for experienced professionals capable of managing tenant occupancy and interior renovations. It is an ideal acquisition for Buy-and-Hold Investors or Contractors.
Estimated Market Value
$483,268
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 |
|---|---|---|---|---|---|---|
★ 149 W 61 Street Subject | $475,000* List Price | 2 | 1 | 1,107 | $437 | - |
A 135 E 60th Street Sold | $440,000 | 3 | 2 | 1,288 | $342 | 0.2 mi |
B 225 E 67th Sold | $557,777 | 3 | 1 | 1,032 | $540 | 0.5 mi |
C 205 W Gage Avenue Sold | $450,000 | 2 | 1 | 988 | $455 | 0.1 mi |
D 124 E 76th Street Sold | $480,000 | 3 | 2 | 1,140 | $421 | 0.9 mi |
E 350 W 59th Active Under Contract | $550,000 List Price | 2 | 1 | 1,084 | $507 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1910 with no documented major renovations to systems or interior. The 'sight unseen' and 'as-is' listing status, combined with the age of the structure and visible window AC units, indicates significant deferred maintenance and the likely need for a full rehab of the kitchen, bathroom, and electrical/plumbing systems.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is situated on an R2-zoned lot with excellent ADU potential, providing a prime opportunity for investors to increase density and maximize rental yield.
- Solid Investment Foundation
Described as being in great overall condition with a 'City Lights' view, the property offers a stable starting point for long-term appreciation in a high-demand Los Angeles submarket.
- Spacious Lot
The 5,117-square-foot lot offers significant outdoor space and room for expansion, which is a highly desirable asset for a single-family residence in this urban density.
CONSRISKS & DEFICIENCIES
- Restricted Access
The property is being sold sight unseen with no interior showings or inspections permitted prior to closing, posing a high risk regarding the actual state of the interior systems and finishes.
- Occupancy Complications
The buyer must assume full responsibility for existing tenants and any subsequent eviction or occupancy matters, which can be a costly and time-consuming process under local regulations.
About 149 W 61 Street
Excellent investment opportunity! This property is in great overall condition and sits on an R2-zoned lot with excellent ADU potential. The property will be sold with tenants in place, and the buyer will assume full responsibility for any tenant eviction or occupancy matters after the close of escrow. No interior showings or inspections will be permitted prior to closing. The property is being sold as-is, sight unseen. Please do not disturb the occupants. Submit offers subject to these terms only.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 5,117 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,107 | 1,664.159 |
| Lot Size | 5,117 | 6,066.556 |
| Price | $475.0K | $1.35M |
| Price per sq ft | $429 | $806 |
| Built year | 1910 | 1939 |
| HOA | $0 | $278 |
| Days on market | 56 | 55 |
Pricing History
Listed for Sale
Aug 6, 2026
$475,000
$549,999
-14% Price Drop
Initial Listing
Price Change
Jul 15, 2026
$549,999
Initial Listing
Sold
Jun 28, 2013
$162,500
Public Record
Sold
Dec 6, 2000
$137,000
Public Record