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    Duplex with Private Yard and Garage Title is generated by Realmo AI

    1031 W 61st Street, Los Angeles, CA 90044

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    New
    For Sale
    $680,000

    Bungalow, Duplex - Los Angeles, CA

    Type:Duplex
    Property size:
    1,502 SF
    Lot size:
    6,057.00 Acres
    Price / SF:
    $452/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 1031 W 61st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    LAR2
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Laundry, Living Room
    Parking
    2
    Parking features
    Driveway
    Interior features
    Carbon Monoxide Detector(s)
    Exterior features
    Fence, Community Features Included: Curbs, Street Lights, Storm Drains, Sidewalks, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Microwave, Refrigerator
    Standard status
    Active
    APN
    6003022023
    Size
    1,502 SF
    Lot size
    6,057.00 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1913
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Brick, Wood Siding
    Roof type
    Composition
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Gilbert Garcia
    Gilbert Garcia

    Listing agent Gilbert Garcia License #01181354

    Listing office REALTY MASTERS & ASSOCIATES 15316 Central Ave, Rancho Cucamonga, CA

    Listing date Jun 5, 2026

    MLS# CV26116224 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with two fully self‑contained units at 1031/1033 W. 61st Street
    • Each unit is a 2‑bedroom, 1‑bath home with its own living room and kitchen
    • Separate gas and electric meters for each unit; water is the only shared utility
    • Long driveway plus ample parking, and a detached two‑car garage
    • Fully fenced lot with both front and rear yard space
    • Heating/cooling includes ductless systems and window/wall units; built in 1913 with brick and wood siding

    Overview

    This duplex features two fully self-contained two-bedroom, one-bath units, each with its own living room and kitchen, along with a gas dryer hookup. Units are supported by separate gas and electric meters, while water is the only shared utility. The property includes a long private driveway for multiple vehicles, a fully fenced yard, and both front and rear outdoor space. A detached two-car garage provides additional enclosed parking or storage.

    Located at 1031 W. 61st St. in Los Angeles, the area offers proximity to Downtown Los Angeles and several major destinations noted in the listing remarks, including USC and Los Angeles City College. The listing also references nearby venues such as the Natural History Museum of Los Angeles and major sports facilities, along with LAX accessible via the 110. Public transportation options are indicated, including the Metro Exposition Line.

    For buyers seeking a manageable income property, the unit separation and utility metering structure can support straightforward operations, with minimal owner exposure to gas and electric. The combination of two outdoor yard areas, fenced privacy, and on-site parking features may appeal to tenants who prioritize convenience and usable exterior space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2925698
    Latitude
    33.9842528

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    FAQs

    What type of property is this?
    Duplex - Two self-contained units with separate gas and electric meters, plus a fenced yard, driveway parking, and a detached two-car garage.
    Where is this duplex located?
    The property is located at 1031 W 61st Street Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: Duplex with two fully self‑contained units at 1031/1033 W. 61st Street; Each unit is a 2‑bedroom, 1‑bath home with its own living room and kitchen; Separate gas and electric meters for each unit; water is the only shared utility
    (626) 893-2817
    We can help!
    Listing Contact
    Gilbert Garcia
    Gilbert Garcia
    Real Estate License ID: 01181354
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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