1656 16581 E 61st, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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1656 16581 E 61st
Los Angeles, California 90001
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,516Sq Ft
6,890Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$721,089
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,900—positioned well below the $721,089 Fair Market Value (Note: Market adjustment reflects current pricing strategy). Featuring a Fair Condition Rating, this Residential Income asset includes two separate houses and a detached garage with significant ADU conversion potential. The property offers a rare 6-car parking capacity and a Peek-A-Boo view, providing clear paths for forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking to maximize density in Los Angeles.
Estimated Market Value
$721,089
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 |
|---|---|---|---|---|---|---|
★ 1656 16581 E 61st Subject | $749,900* List Price | 0 | 0 | 1,516 | $476 | - |
A 7659 Miramonte Boulevard Sold | $750,000 | 0 | 0 | 1,400 | $536 | 1.0 mi |
B 6905 Compton Active | $690,000 List Price | 0 | 0 | 1,320 | $523 | 0.6 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 1948 (76 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). The absence of interior photos and the marketing focus on 'investment opportunity' and 'ADU conversion' typically indicate a property requiring significant rehabilitation and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate houses on a single lot (3-bedroom front and 2-bedroom back), offering immediate rental income opportunities or a flexible multi-generational living arrangement.
- ADU Conversion Opportunity
The detached two-car garage is positioned as a prime candidate for ADU conversion, providing a clear path for investors to increase density and maximize their return on investment.
- Exceptional Parking and Security
A gated entrance combined with a long driveway that accommodates up to six cars is a rare and highly valuable asset in the Los Angeles market, ensuring convenience and safety for multiple tenants.
CONSRISKS & DEFICIENCIES
- Due Diligence and Permit Risks
The broker explicitly does not guarantee the accuracy of square footage, permits, or use codes, which may indicate unpermitted additions or discrepancies that require extensive buyer verification.
- Age-Related Maintenance
Built in 1948, the property likely requires updates to major systems and may have deferred maintenance issues common in mid-century structures, potentially increasing initial renovation costs.
About 1656 16581 E 61st
BEST PRICE IN LOS ANGELES !!!! EXCELLENT LOCATION THAT OFFERS A PERFECT BLEND OF COMFORT & CONVENIENCE PROVIDING EASY ACCES TO DOWN TOWN & ALL RECREATIONAL PLACES IN LOS ANGELES- SO-FI STADIUM,LA LIVE, ALL STADIUMS, THEATERS & MORE THAT THE CITY OFFERS. 2 SEPARATE HOUSES IN A LOT + 2 CAR GARAGE READY TO BE CONVERTED IN A ADU AND GET MORE INCOME AND RETURN ON YOUR INVESTMENT!! GATED ENTRANCE PLUS A LONG DRIVE WAY TO PARK 6 CARS, IS A GREAT OPPORTUNITY !!! FRONT HOUSE CURRENTLY USED AS A 3 BEDROOMS AND BACK HOUSE USED AS 2 BEDROOMS, PLEASE DO NOT CONTACT OR DISTURB THE OCCUPANTS OF THE PROPERTIES, CONTACT LISTING AGENT FOR ALL CONCERNS. Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use codes, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records. Buyer is advised to independently verify the accuracy of all information through personal inspections and with appropriate professionals.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1948
- Lot Size
- 6,890 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,516 | 2,187.451 |
| Lot Size | 6,890 | 5,841.385 |
| Price | $749.9K | $841.5K |
| Price per sq ft | $495 | $385 |
| Built year | 1948 | 1928 |
| HOA | $0 | $0 |
| Days on market | 9 | 85 |
Pricing History
Listed for Sale
Aug 31, 2026
$749,900
Initial Listing
Sold
Nov 20, 2012
$185,000
Public Record
Sold
May 9, 2001
$160,000
Public Record