347 E 61st Street, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 3 bath
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Los Angeles, California 90003
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $699,999, positioned well below the $677,818 Fair Market Value (Note: Market adjustment reflects current pricing). Featuring a Condition Rating of 3, this asset includes Solar Panels and Central A/C. The inclusion of pre-submitted ADU plans provides a clear path to forced appreciation and increased rental yield. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants utilizing FHA/VA financing to house-hack in a high-demand Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 347 E 61st Street Subject | $699,999* List Price | 4 | 3 | 1,420 | $477 | - |
A 6510 S Figueroa Active | $675,000 List Price | 0 | 0 | 1,531 | $441 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1910 build date, the property has undergone significant updates including the installation of solar panels and central A/C. The bathroom features modern fixtures and tiling consistent with a renovation in the 5-15 year range, making it move-in ready and functional for immediate occupancy.
The inclusion of pre-submitted plans for a detached 2BD/1BA Accessory Dwelling Unit (ADU) offers a significant value-add opportunity, allowing for immediate expansion of rental income with reduced entitlement lead times.
Equipped with solar panels and central A/C, this property provides modern comforts and utility cost savings that are often missing in older multi-unit buildings in this submarket.
The 3BD/2BA and 1BD/1BA configuration is ideal for owner-occupants using FHA or VA financing to 'house hack,' providing a spacious primary residence with a secondary unit to offset the mortgage.
Originally built in 1910, the property may harbor underlying maintenance requirements or aging structural systems typical of century-old buildings that could necessitate future capital expenditure.
Adding a third detached unit to a 5,417 sqft lot will significantly reduce private outdoor space and may lead to a cramped environment, potentially impacting tenant privacy and parking ease.
Cash Flow opportunity with pre-submitted ADU plans! This exceptional 4BR/3BA duplex offers immediate multi-unit flexibility and outstanding long-term growth potential. Perfect for buyers utilizing FHA/VA financing looking to maximize their purchasing power, or savvy investors seeking an asset with market-rate upside from day one. The front unit features a spacious 3BD/2BA layout, while the rear unit offers a comfortable 1BD/1BA setup—both boasting excellent natural light, open living areas, indoor laundry hook-ups, and central A/C. Additional property highlights include solar panels for premium energy efficiency, ample off-street parking, and a generous lot. Maximize your equity effortlessly: the seller has already submitted plans for a detached 2BD/1BA Accessory Dwelling Unit (ADU). This future expansion potential allows the next owner to seamlessly add an additional income stream or create a multi-generational compound without starting from scratch on design or entitlements. Centrally located near shopping, dining, and major commuter routes, this duplex delivers the perfect combination of immediate returns and future expansion!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 89% |
| Baths | 3.0 | 0.0 | 89% |
| Square foot | 1,420 | 2,120 | 14% |
| Lot Size | 5,417 | 5,206 | 76% |
| Price | $700.0K | $755.0K | 30% |
| Price per sq ft | $493 | $362 | 89% |
| Built year | 1910 | 1927 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 197 | 3% |
Jun 3, 2026
$699,999
Initial Listing
Feb 8, 2019
$550,000
Public Record
Jun 22, 1995
$125,000
Public Record