Eight-Unit Apartment
For Sale
$1,000,000
1433 E 61st St, Los Angeles, CA 90001
Two-story property offers uniform one-bedroom units, rear parking, and separately metered gas and electricity.
Property Size4,456 SF
Lot Size0.16 Acres
Price / SF$224.42
Days on Market47
Property Features for 1433 E 61st St
General Information
Standard status
Active
Size
4,456 SF
Total Parking Spaces
7
Lot size
0.16 Acres
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
kitchens remain in original condition
Financials
Asking Price
$1,000,000
Cap Rate
7.69%
Gross Rent Multiplier
7.3
Site & Location
Neighborhood
South Los Angeles
Utilities to Site
Yes
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Building Details
Building Size
4,456 SF
Year Built
1957
Buildings
1
Stories
2
Units
8
Construction
wood frame
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian · License #License(s): CA: 01346750
(310) 909-5444
Source:
Marcusmillichap
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 24 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 1957, this two-story apartment property contains 8 one-bedroom, one-bath units within 4,456 square feet of gross building area on a 6,957-square-foot lot. The wood-frame building provides a consistent unit layout, with vinyl plank flooring in living areas, tile kitchen floors, wall heaters, and updated bathroom tile surrounds and vanities. Kitchens remain in original condition. Gas and electricity are separately metered for each unit, supporting direct utility billing to residents.
Seven open parking spaces are positioned at the rear of the property. The asset is located at 1433 E 61st St in Los Angeles, California 90001, within the South Los Angeles area. Financial metrics provided for the property include a 7.69% current cap rate and a 7.30 GRM. Renovation and lease-up assumptions indicate an 18.07% rental upside to market, with a projected 9.93% cap rate and 6.18 GRM.
Seven open parking spaces are positioned at the rear of the property. The asset is located at 1433 E 61st St in Los Angeles, California 90001, within the South Los Angeles area. Financial metrics provided for the property include a 7.69% current cap rate and a 7.30 GRM. Renovation and lease-up assumptions indicate an 18.07% rental upside to market, with a projected 9.93% cap rate and 6.18 GRM.
Key Highlights
- 8‑unit apartment property with an all 1 Bedroom + 1 Bathroom unit mix
- 4,456 square feet of gross building area on a 6,957‑square‑foot lot
- Two‑story wood‑frame building constructed in 1957
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story property offers uniform one-bedroom units, rear parking, and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 1433 E 61st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8‑unit apartment property with an all 1 Bedroom + 1 Bathroom unit mix; 4,456 square feet of gross building area on a 6,957‑square‑foot lot; Two‑story wood‑frame building constructed in 1957
