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1437 E 61st St 0.35 Acres of Residential Land Offered at $1,600,000 in Los Angeles, CA 90001

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Investment Highlights

R3-zoned parcel allowing multi-family or small-lot development.
Centrally located near major freeways and regional transit hubs.
Situated within minutes of Downtown Los Angeles and community amenities.

Large 15,191 sq. ft. lot enables versatile construction layouts.
Active growth area with strong rental demand and redevelopment activity.

Executive Summary

Prime Development Opportunity with Endless Potential! Rare ~15,000 sq ft R3-zoned lot in the heart of South Los Angeles, ideal for developers, investors, or savvy buyers looking to capitalize on future growth. Surrounded by multi-family properties, including a neighboring 4-unit building, this oversized parcel offers strong potential for multi-unit construction, small lot subdivision, or long-term hold (buyer to verify). Centrally located with convenient access to major freeways, public transportation, and local amenities, this property sits in a high-demand rental market with continued growth and redevelopment. Whether you’re looking to build, invest, or secure a large infill lot, opportunities like this are increasingly hard to find. Unlock the full potential of this expansive lot in a rapidly evolving neighborhood!

Property Facts

Price	$1,600,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	0.35 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LCR3* - Multiple Dwelling Zone

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units
Total Lot Size	0.35 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LCR3* - Multiple Dwelling Zone

1 Lot Available

Lot

Price	$1,600,000	Lot Size	0.35 AC
Price Per AC	$4,587,984.64

Price	$1,600,000
Price Per AC	$4,587,984.64
Lot Size	0.35 AC

Paved lot with R3 zoning- great for developers.

Description

1437 E 61st Street is a multi-family development parcel located in South Los Angeles with convenient access to the I-110 and I-105 freeway systems. The property spans approximately 15,191 square feet and carries R3 zoning, permitting residential development. It is positioned within a dense urban area featuring established residential uses and nearby schools. Public transportation options are located within walking distance, and the site lies approximately five miles from Downtown Los Angeles.

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