1521 E 66th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1521 E 66th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$1,899,000
1521 E 66th Street, Los Angeles, California 90001
0Bed
0Bath
4,000Sqft
6,531Lot
Year Built
2025
Close
-
List price
$1.9M
Original List price
$2.2M
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
DW25173733
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.90M(93th), sqft - 4000(93th), beds - undefined(50th), baths - undefined(50th).

2025 NEW CONSTRUCTION with 2 UNITS NOW LEASED! (Unit 1) 4 Bed - 2 Bath Unit: $3,500. (Unit 2) 4 Bed - 2 Bath Unit: $3,500. 1521 E 66th Street is a 4-unit townhouse-style apartment building located in the ultra-hot Los Angeles neighborhood of Florence-Graham! Completed in 2025, this property is a two-story structure with a combined 4,000 SQFT of rentable space featuring a large 8-CAR GARAGE! The garage area is 1,494 SQFT, which can be converted into an ADU anytime! The units at this property are perfectly positioned for multi-generational families and work-from-home roommate environments. NON-RENT-CONTROLLED 4-units made up of (x3) 4 bedroom & 2 bathroom units and (x1) & a 3 bedroom & 2 bathroom unit. Along with the potential for high returns, buyers will appreciate the benefits of tastefully designed drought-tolerant landscaping, a builder's warranty, minimal maintenance, and strong rental demand for years to come. Schedule a tour of this property today and experience the pinnacle of style and urban living in Los Angeles. It is conveniently located just minutes from Downtown Los Angeles, South Gate, Lynwood, Compton, and Rancho Dominguez. Commuters will enjoy easy access to the 105, 110, and 405 interstate freeways, connecting residents to job centers across Los Angeles and the South Bay area. This property is an excellent income-generating opportunity—step into immediate cash flow and consider adding it to your portfolio!

Price History

Date
Event
Price
08/27/25
Price Change
$1,899,000-13.7%
08/01/25
$2,200,000
02/28/19
Sold
$355,000
Condition Rating
Excellent

This property is brand new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The images confirm this, showcasing modern, light-colored cabinetry, stainless steel appliances (range, microwave, dishwasher), and quartz-like countertops in the kitchen. Bathrooms feature contemporary vanities, subway tile surrounds in the showers, and new fixtures. Throughout the units, there is new laminate/vinyl plank flooring, fresh white paint, new windows, and modern light fixtures (recessed lighting). All components are virtually new, meeting current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Warranty: Built in 2025, this property offers modern construction, minimal immediate maintenance needs, and the added security of a builder's warranty.
Income-Generating & Non-Rent Controlled: As a 4-unit residential income property, it provides immediate cash flow from two already leased units and is exempt from rent control, allowing for market-rate adjustments.
ADU Conversion Potential: The substantial 1,494 SQFT 8-car garage presents a significant opportunity for conversion into an Additional Dwelling Unit (ADU), enhancing rental income and property value.
Strategic Location & Commuter Access: Located in the high-demand Florence-Graham neighborhood, it offers convenient access to Downtown Los Angeles and major freeways (105, 110, 405), appealing to a broad tenant base.
Versatile Unit Configuration: The unit layouts (3x 4-bed/2-bath, 1x 3-bed/2-bath) are well-suited for multi-generational families and work-from-home roommate environments, ensuring strong rental demand.

Cons

Recent Price Reduction: The property has experienced a notable price reduction from $2.2 million to $1.899 million, which may suggest an initial overvaluation or a need to stimulate buyer interest.
Partial Occupancy at Sale: With only two of the four units currently leased, the buyer will need to actively manage the leasing process for the remaining units to achieve full income potential and mitigate vacancy risk.
High Capital Outlay: The list price of $1.899 million represents a substantial initial investment, potentially limiting the pool of prospective buyers to those with significant capital or robust financing capabilities.

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