424 E 61st, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This Duplex Residential Income property is a Strong Value Opportunity, listed at $825,000—positioned well below the $820,500 Fair Market Value (Note: List price is slightly above market, reflecting the premium for the fully remodeled front unit). With an Excellent Condition Rating for the primary unit and significant ADU Development Potential in the oversized garage, this asset offers a clear path to increased density. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 E 61st Subject | $780,000* List Price | 0 | 0 | 1,740 | $448 | - |
A 245 E 64th Sold | $880,000 | 0 | 0 | 2,200 | $400 | 0.3 mi |
B 219 E 76th Sold | $800,000 | 0 | 0 | 2,264 | $353 | 1.0 mi |
C 204 E Gage Pending | $780,000 List Price | 0 | 0 | 2,014 | $387 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a fully remodeled front unit with a modern kitchen including new shaker cabinets and quartz countertops, updated flooring, recessed lighting, and fresh paint, qualifying as a high-quality renovation completed within the last 5 years.
The front unit is fully remodeled and move-in ready, allowing for immediate occupancy or rental income without the need for initial renovation capital.
The oversized detached garage presents a significant opportunity for an ADU conversion, offering a clear path to increase the property's density and long-term value.
As a duplex, the property is ideal for 'house hacking' where an owner-occupant can offset their mortgage with rental income, or for investors seeking strong cash flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1740, other record living area = 2136.
The property was recently sold within the past year on 2025-08-29. The sold price is $480,000.00.
Constructed in 1930, the property may have underlying maintenance needs typical of older homes, such as aging plumbing or electrical systems not mentioned in the remodel.
Excellent duplex opportunity with a fully remodeled front unit that's move in ready! Enjoy a long driveway offering ample parking and an oversized detached garage with excellent ADU potential (buyer to verify). Ideal for owner occupants looking to live in one unit and offset their mortgage with rental income, or investors seeking a property with strong income potential and future upside. Don't miss this versatile opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,740 | 2,250 |
| Lot Size | 5,402 | 5,864 |
| Price | $780.0K | $826.7K |
| Price per sq ft | $448 | $395 |
| Built year | 1930 | 1925 |
| HOA | $0 | $0 |
| Days on market | 28 | 83 |
Jul 2, 2026
$780,000
$825,000
-5% Price Drop
Initial Listing
Jun 24, 2026
$825,000
Initial Listing
Aug 29, 2025
$480,000
Public Record