Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1049 W 61St St Los Angeles, CA 90044

    • Commercial real estate
    • 3,650 SF
    For Sale
    View listing
    $1,125,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6855647
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1049 W 61St St

    Property size
    3,650 SF
    Property type
    Commercial real estate
    APN
    6003-022-019

    Description

    This exceptional Los Angeles investment property, located at 1049 W 61st St, 90044, presents a compelling opportunity. The property consists of two separate buildings on a single lot, totaling 3,650 square feet. One unit is a three-bedroom, two-bathroom home, while the other is a newly constructed four-bedroom, two-and-a-half-bathroom residence. Both units boast ample parking and in-unit laundry facilities, along with private yards and new appliances. The property is zoned R2-1 and features a 4.39% cap rate, with an asking price of $1,200,000 ($600,000 per unit) and a price per square foot of $328. Built in 2024, this property offers a blend of modern amenities and strong investment potential. The property's location in Los Angeles County provides access to a thriving rental market. This duplex is ideal for both investors seeking a high-yield asset and owner-occupants looking for a multi-family property with significant rental income potential. The property's two-story design and excellent condition make it a truly attractive investment. The Los Angeles County Assessor's Parcel Number (APN) is 6003-022-019.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2932497
    Latitude
    33.9843669

    Comparable in this City

    • $2,049,000

      Well-Maintained 10-Unit Multifamily Building

      10-unit multifamily property with renovated units and on-site parking.
      732 Imperial St, Los Angeles, CA 90044
      View Details
    • $6,400,000
      12 SF

      Multi-Family Property in Athens Neighborhood

      10-unit multi-family property in Los Angeles' Athens neighborhood.
      11503 S New Hampshire Ave, Los Angeles, CA 90044
      View Details
    • $740,000

      Multifamily Property in Desirable Area

      Multifamily property in a desirable rental area with potential.
      6605 Denver Ave, Los Angeles, CA 90044
      View Details
    • $1,450,000

      Renovated Six-Unit Building in Los Angeles

      Recently renovated six-unit building with upside on rents in Los Angeles.
      542 W 76Th St, Los Angeles, CA 90044
      View Details
    • $1,400,000

      Five-Unit Multifamily Investment Opportunity

      Well-maintained five-unit property with new flooring and cabinets.
      823 W 81St St, Los Angeles, CA 90044
      View Details
    • $1,900,000
      7,547 SF

      Value-Add Multifamily Investment Opportunity

      14-unit property with value-add potential in South LA.
      820 W 95Th St, Los Angeles, CA 90044
      View Details

    Similar Nearby for Sale

    • $2,049,000

      Well-Maintained 10-Unit Multifamily Building

      10-unit multifamily property with renovated units and on-site parking.
      732 Imperial St, Los Angeles, CA 90044
      View Details
    • $6,400,000
      12 SF

      Multi-Family Property in Athens Neighborhood

      10-unit multi-family property in Los Angeles' Athens neighborhood.
      11503 S New Hampshire Ave, Los Angeles, CA 90044
      View Details
    • $740,000

      Multifamily Property in Desirable Area

      Multifamily property in a desirable rental area with potential.
      6605 Denver Ave, Los Angeles, CA 90044
      View Details
    • $1,450,000

      Renovated Six-Unit Building in Los Angeles

      Recently renovated six-unit building with upside on rents in Los Angeles.
      542 W 76Th St, Los Angeles, CA 90044
      View Details
    • $1,400,000

      Five-Unit Multifamily Investment Opportunity

      Well-maintained five-unit property with new flooring and cabinets.
      823 W 81St St, Los Angeles, CA 90044
      View Details
    • $1,900,000
      7,547 SF

      Value-Add Multifamily Investment Opportunity

      14-unit property with value-add potential in South LA.
      820 W 95Th St, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      900 SF

      Westchester Retail Space Available

      Retail space available for lease in Westchester, California.
      6214-6218 W Manchester Ave, Westchester, CA 90044
      View Details
    • $0.65 SF/Yr
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      2,046 SF

      South Vermont Ave Executive Office

      Los Angeles Executive Suite - 2,046 SF
      5857 Vermont Ave, Los Angeles, CA 90044
      View Details
    • $19,950,000
      41,656 SF

      Flex Warehouse with Modern Office

      Freestanding flex/warehouse building with modern office space for lease.
      5431 W 104Th St, Los Angeles, CA 90044
      View Details
    • $1.05 SF/Yr
      28,820 SF

      Industrial Space with Heavy Power

      Industrial property suitable for cannabis use with secured yard.
      911-931 E 59Th St, Los Angeles, CA 90044
      View Details
    • Contact for pricing

      Vermont Avenue Land For Lease

      Land for lease near Vermont Ave, suitable for parking/storage.
      8886 S Vermont, Los Angeles, CA 90044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1049 W 61St St
    Los Angeles, CA 90044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.