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1049 W 61st St | OPEN TO OFFERS 1049 W 61st St 2 Unit Apartment Building $990,000 ($495,000/Unit) 5.32% Cap Rate Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Duplex Configuration: Two detached SFRs on one lot
- Parking: Dedicated off-street parking for both units
- Turnkey Asset: Minimal capital expenditure required
- Separate Utilities: Individually metered gas/electric
- Outdoor Space: Private yards for each home
- Ideal for 1031 Exchange or Long-Term Hold
EXECUTIVE SUMMARY
Duplex Investment Offering: Two Detached Single-Family Residences on One Lot
Updated Construction | Income-Producing | South Los Angeles Location
1049 W 61st St Los Angeles, CA 90044
IKON Properties is pleased to present this great investment opportunity in the heart of Los Angeles, a unique duplex configuration consisting of two fully detached single family homes situated on a single parcel. This offering is ideal for investors seeking stable rental income or owner users looking to offset occupancy costs with supplemental income.
The front structure is a well maintained 3-bedroom, 2-bath residence offering generous interior space and functional layout, suitable for family tenancy.
The rear unit is a newly constructed 4-bedroom, 2.5-bath home featuring a modern open floor plan, luxury finishes, and energy efficient systems. Both units are separately metered and offer dedicated private yards, in unit laundry, and ample parking.
This is a rare find, a duplex that feels like two single family homes with separate entries, privacy, and high end finishes throughout. Whether you’re looking to grow your portfolio or accommodate extended family, this property offers the versatility and value rarely found in today's market.
Updated Construction | Income-Producing | South Los Angeles Location
1049 W 61st St Los Angeles, CA 90044
IKON Properties is pleased to present this great investment opportunity in the heart of Los Angeles, a unique duplex configuration consisting of two fully detached single family homes situated on a single parcel. This offering is ideal for investors seeking stable rental income or owner users looking to offset occupancy costs with supplemental income.
The front structure is a well maintained 3-bedroom, 2-bath residence offering generous interior space and functional layout, suitable for family tenancy.
The rear unit is a newly constructed 4-bedroom, 2.5-bath home featuring a modern open floor plan, luxury finishes, and energy efficient systems. Both units are separately metered and offer dedicated private yards, in unit laundry, and ample parking.
This is a rare find, a duplex that feels like two single family homes with separate entries, privacy, and high end finishes throughout. Whether you’re looking to grow your portfolio or accommodate extended family, this property offers the versatility and value rarely found in today's market.
PROPERTY FACTS
| Price | $990,000 | Apartment Style | Garden |
| Price Per Unit | $495,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.32% | Building Size | 3,650 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations | ||
| Price | $990,000 |
| Price Per Unit | $495,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,650 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2.5 | 1 | $3,521 | 1,900 |
| 3+2 | 1 | $3,233 | 1,750 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
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1049 W 61st St | OPEN TO OFFERS | 1049 W 61st St
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