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1049 W 61st St 2 Unit Apartment Building $1,356,706 CAD ($678,353 CAD/Unit) 5.86% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Standalone Front House + Rear ADU Configuration
- Fully Renovated Front House
- 4–6 On-Site Parking Spaces – Gated driveway plus attached garage
- Large Unit Sizes – 1,120 SF House & 1,464 SF ADU
- One unit to be delivered vacant before the Close of Escrow
- In-Unit Laundry & New Appliances in Both Units
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 1049 W 61st Street, a fully renovated 2,584 square foot duplex consisting of a standalone single-family residence and a newly constructed two-story ADU located in the Vermont–Slauson neighborhood of South Los Angeles. The property is currently fully occupied, but the sellers are willing to deliver one unit vacant before the close of escrow, providing flexibility for both investors and potential owner-users.
Originally built in 1922, the front unit was fully renovated in 2024 and features a 1,120 square foot 3-bedroom / 2-bathroom single-family residence with a new roof, updated electrical system, copper plumbing, new appliances, and in-unit laundry. It also offers a small front patio area that can be utilized as outdoor space or additional parking.
At the rear of the property is a newly constructed 1,464 square foot, two-story ADU totaling 1,464 square feet. The unit was completed in 2024 and offers 4 bedrooms and 2.5 bathrooms. The first floor features the living room, dining area, kitchen, and half bathroom. There is a private garage with direct access to the unit and all bedrooms and remaining full bathrooms are located on the second level. This unit also includes in-unit laundry, new appliances, gated access, and additional on-site parking. Together, the improvements and new construction create a turnkey duplex with modern systems and updated interiors throughout.
Located just off Vermont Avenue, the property offers convenient access to public transportation, neighborhood retail, and schools. The property is a short drive to USC, Exposition Park, Downtown Los Angeles, and major entertainment venues including SoFi Stadium, Kia Forum, and Intuit Dome, with easy access to the 110 Freeway.
Originally built in 1922, the front unit was fully renovated in 2024 and features a 1,120 square foot 3-bedroom / 2-bathroom single-family residence with a new roof, updated electrical system, copper plumbing, new appliances, and in-unit laundry. It also offers a small front patio area that can be utilized as outdoor space or additional parking.
At the rear of the property is a newly constructed 1,464 square foot, two-story ADU totaling 1,464 square feet. The unit was completed in 2024 and offers 4 bedrooms and 2.5 bathrooms. The first floor features the living room, dining area, kitchen, and half bathroom. There is a private garage with direct access to the unit and all bedrooms and remaining full bathrooms are located on the second level. This unit also includes in-unit laundry, new appliances, gated access, and additional on-site parking. Together, the improvements and new construction create a turnkey duplex with modern systems and updated interiors throughout.
Located just off Vermont Avenue, the property offers convenient access to public transportation, neighborhood retail, and schools. The property is a short drive to USC, Exposition Park, Downtown Los Angeles, and major entertainment venues including SoFi Stadium, Kia Forum, and Intuit Dome, with easy access to the 110 Freeway.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,356,706 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $678,353 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.86% | Building Size | 2,584 SF |
| Gross Rent Multiplier | 12.21 | Average Occupancy | 100% |
| 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 | $1,356,706 CAD |
| Price Per Unit | $678,353 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Gross Rent Multiplier | 12.21 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,584 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 4+2.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6003-022-019 | Total Assessment | $581,962 CAD |
| Land Assessment | $465,573 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $116,390 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
6003-022-019
Land Assessment
$465,573 CAD
Improvements Assessment
$116,390 CAD
Total Assessment
$581,962 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
Contacts
-
Sara Vita -
Sevak Keshishian -
Aaron Es-haghian -
Shara Parseghian -
Marcus & Millichap
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1049 W 61st St
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