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1656 1658 E 61st Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1656 1658 E 61st Street, Los Angeles, California 90001 home-pic-0
ACTIVE$829,900
1656 1658 E 61st Street, Los Angeles, California 90001
0Bed
0Bath
1,516Sqft
6,890Lot
Year Built
1948
Close
-
List price
$830K
Original List price
$850K
Price/Sqft
$547
HOA
-
Days on market
-
Sold On
-
MLS number
DW24230029
Home ConditionFair
Features
Good View: Peek-A-Boo
ViewPeek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $829.9K(79th), sqft - 1516(57th), beds - undefined(50th), baths - undefined(50th).

LOWER PRICE TO SELL!! EXCELLENT LOCATION 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.

Price History

Date
Event
Price
11/20/12
Sold
$185,000
05/09/01
Sold
$160,000
Condition Rating
Fair
The property, built in 1948, shows signs of regular upkeep and some cosmetic updates such as fresh paint and newer laminate flooring in main areas. The kitchen features refreshed white shaker-style cabinets but is equipped with very outdated white appliances (electric coil range, older refrigerator) and basic laminate countertops. The bathroom is functional but significantly dated with older tile and fixtures. While the property is clean and habitable, the major components like kitchen appliances and bathroom finishes are outdated, requiring minor updates to meet current standards. This aligns with the 'Fair' condition criteria of being aged but maintained with occasional updates, and functional components showing signs of being outdated.
Pros & Cons

Pros

Income-Generating Duplex: The property features two separate houses on one lot, providing immediate rental income potential or multi-generational living options.
ADU Conversion Potential: The existing 2-car garage is highlighted as ready for ADU conversion, offering a clear path to significantly increase rental income and property value.
Strategic Los Angeles Location: Boasts excellent access to Downtown LA, SoFi Stadium, LA Live, and other major recreational and entertainment venues, enhancing desirability for tenants and owners.
Secure & Ample Parking: Features a gated entrance and a long driveway capable of parking up to 6 cars, a valuable amenity in a dense urban environment like Los Angeles.
Motivated Seller: Indicated by a recent price reduction ('LOWER PRICE TO SELL!!'), suggesting potential for negotiation and a favorable acquisition for buyers.

Cons

Property Age & Potential Maintenance: Built in 1948, the property is older, which may imply a need for significant updates to systems (plumbing, electrical) or general maintenance to meet modern standards.
Occupied Units & Access Restrictions: The property is tenant-occupied, requiring buyers to navigate showing restrictions and potential complexities related to tenant rights, rent control, or possession upon close of escrow.
Buyer Due Diligence Burden: The listing includes a broad disclaimer regarding the accuracy of square footage, zoning, permits, and rent control, placing a substantial burden on the buyer for independent verification, which could uncover unforeseen issues or costs.

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