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1732 E 61st, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1732 E 61st, Los Angeles, California 90001 home-pic-0
ACTIVE$899,988
1732 E 61st, Los Angeles, California 90001
0Bed
0Bath
2,852Sqft
6,790Lot
Year Built
1924
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$316
HOA
-
Days on market
-
Sold On
-
MLS number
DW25258066
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(93th), sqft - 2852(93th), beds - undefined(50th), baths - undefined(50th).

Two Houses on a Lot! Excellent investment opportunity in the heart of Los Angeles! The front house features 3 spacious bedrooms and 2 bathrooms, offering a comfortable floor plan ideal for an owner-user or extended family. The rear house includes 2 bedrooms and 2 bathrooms, plus a patio area perfect for outdoor gatherings. The garage has been converted into unpermitted living quarters, providing extra space for guests, an office, or additional income potential (buyer to verify). Property is fully gated with ample parking and conveniently located near schools, shopping, public transportation, and freeway access. Perfect for multi-generational living or rental income. Don’t miss this great opportunity to own two homes on one lot in a central Los Angeles location!

Price History

Date
Event
Price
11/30/25
Listing
$899,988
Condition Rating
Poor
The property was built in 1924, making it nearly 100 years old. The listing explicitly identifies the age as a weakness, noting it's 'likely to have outdated systems (plumbing, electrical, HVAC) and may require significant capital expenditure for modernization and ongoing maintenance.' It also points to a 'high likelihood of deferred maintenance or the need for substantial renovations.' Without any interior images or descriptions of recent updates to critical areas like kitchens and bathrooms, it's highly probable these are severely outdated and require major rehabilitation. The exterior image does not suggest recent extensive renovations. The presence of unpermitted living quarters further indicates potential issues and costs. This aligns with the 'Poor' condition criteria, indicating a property requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Dual Income/Multi-Generational Potential: The property features two distinct houses on one lot (3 bed/2 bath front, 2 bed/2 bath rear), offering excellent potential for rental income or accommodating multi-generational living arrangements.
Strategic Location: Situated in the heart of Los Angeles, the property boasts convenient access to schools, shopping, public transportation, and major freeways, enhancing its desirability and tenant appeal.
Additional Living Space: A converted garage provides extra living quarters, offering flexibility for guests, an office, or potential for additional income, subject to buyer verification and legalization.
Security and Convenience: The property is fully gated and includes ample parking, providing enhanced security and convenience for residents and their vehicles in an urban setting.
Investment Opportunity: Marketed as an 'Excellent investment opportunity' and 'Residential Income' type, it appeals directly to investors looking for properties with multiple revenue streams.

Cons

Unpermitted Living Space: The garage has been converted into unpermitted living quarters, which presents a legal and financial risk, requiring the buyer to verify and potentially legalize the conversion at their own expense.
Age of Property: Built in 1924, the property is likely to have outdated systems (plumbing, electrical, HVAC) and may require significant capital expenditure for modernization and ongoing maintenance.
Potential for Deferred Maintenance: Given its age and status as an income property, there's a high likelihood of deferred maintenance or the need for substantial renovations to meet current market expectations or tenant demands.

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