1433 E 61st Street, Los Angeles, CA 90001

• 4,456 sqft

Property Description

We are pleased to present 1433 E 61st Street, an 8 unit multifamily investment opportunity in South Los Angeles. The property sits on a 6,957 square foot lot with 4,456 square feet of gross building area and was originally constructed in 1957.The building is configured entirely as 1 Bedroom + 1 Bathroom units, offering a uniform, easy to manage unit mix with consistent tenant appeal. The building consists of a two story, wood frame structure with gas and electricity separately metered by unit, allowing utility expenses to be passed through to tenants and simplifying ownership. The property offers 7 open parking spaces located at the rear of the building, a meaningful amenity for tenants and a point of differentiation in the submarket. Interior unit features include vinyl plank flooring in the living room, tile flooring in the kitchen, and a wall heater. Bathrooms have been improved with new tile surround at the tub and a new vanity, while kitchens remain in original condition, presenting a clear value add opportunity for a future ownership group. At a purchase price of $1,000,000 ($125,000 per unit), the offering reflects a 7.69% current cap rate and a 7.30 GRM. With approximately 18.07% rental upside to market, an investor can achieve a pro forma cap rate of 9.93% and a 6.18 GRM through targeted renovation and lease up to market rents. This presents a rare opportunity to acquire a stabilized, income producing asset in South Los Angeles with straightforward value add potential through kitchen renovations and rent growth to market levels.

Listing Status:

Active

Date Added:

September 3, 2026

Data Last Updated:

September 22, 2026 at 8:06PM

Listing Office:

Marcus & Millichap : 310-909-5500

Listing Agent:

Neema Ahadian : 310-909-5444

MLS ID:

CL26969467

Interior

• A/C: None
• Heating: None

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LCR3YY6008027023