118 E 61st Street 1-2, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$969,900
118 E 61st Street 1-2, Los Angeles, California 90003
0Bed
0Bath
2,097Sqft
5,120Lot
Year Built
1956
Close
-
List price
$970K
Original List price
$980K
Price/Sqft
$463
HOA
-
Days on market
-
Sold On
-
MLS number
DW25054981
Home ConditionExcellent
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $969.9K(86th), sqft - 2097(59th), beds - undefined(50th), baths - undefined(50th).
Two transformed units, close to Downtown. Front unit features 4 bedrooms and 3 bathrooms. Back unit features 2 bed 1 bath. Both units received updated plumbing, electrical, windows, flooring, new kitchens and bathrooms. Laundry room. Long driveway with street and alley access. An opportunity to own a versatile investment property.
Price History
Date
Event
Price
05/22/25
Sold
$951,000
10/17/24
Sold
$607,500
10/25/00
Sold
$178,000
04/24/00
Sold
$151,000
02/01/96
Sold
$145,000
Condition Rating
Excellent
Despite being built in 1956, the property has undergone extensive and recent renovations, as explicitly stated in the description and clearly visible in the images. Both units feature brand new, modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and subway tile backsplashes. Bathrooms are completely updated with modern vanities, tiled showers, and contemporary fixtures. New flooring, fresh paint, updated electrical, plumbing, and windows throughout indicate a comprehensive overhaul, bringing the property to a virtually new condition meeting current quality standards.
Pros & Cons
Pros
Income-Generating Potential: As a duplex with two distinct units (4 bed/3 bath and 2 bed/1 bath), this property offers strong rental income potential and versatility for investors or owner-occupants.
Extensive Recent Renovations: Both units have undergone significant updates including plumbing, electrical, windows, flooring, new kitchens, and bathrooms, reducing immediate capital expenditures for a new owner.
Desirable Location Proximity: The property's location 'close to Downtown' Los Angeles provides convenient access to employment centers, entertainment, and amenities, enhancing its appeal to tenants.
Flexible Unit Configuration: The differing unit sizes (4 bed/3 bath and 2 bed/1 bath) cater to a wider range of tenant needs, from larger families to smaller households, maximizing occupancy potential.
Ample Parking and Access: A 'long driveway with street and alley access' is a valuable asset in a dense urban environment like Los Angeles, offering convenient parking solutions for residents.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-05-22. The sold price is $951,000.00.
Age of Original Structure: Despite recent renovations, the property was built in 1956, meaning the underlying structure and potentially some major systems (e.g., foundation, roof) are older and may require future attention.
Neighborhood Perception: While close to Downtown, the specific micro-location within the 90003 zip code may present varying perceptions regarding local amenities, school quality, or safety, potentially influencing tenant demand or resale value.
Absence of Private Outdoor Space: The description highlights a long driveway but does not mention private yards or dedicated outdoor living areas for either unit, which can be a significant amenity for renters in Los Angeles.