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1437 E 61st St 0.35 Acres of Residential Land Offered at $2,273,968 CAD in Los Angeles, CA 90001
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 | $2,273,968 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.35 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LCR3* - Multiple Dwelling Zone | ||
| Price | $2,273,968 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.35 AC |
| Opportunity Zone |
Yes |
| Zoning | LCR3* - Multiple Dwelling Zone |
1 Lot Available
Lot
| Price | $2,273,968 CAD | Lot Size | 0.35 AC |
| Price Per AC | $6,520,581.22 CAD |
| Price | $2,273,968 CAD |
| Price Per AC | $6,520,581.22 CAD |
| 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.
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6008-027-030 | Improvements Assessment | $9,546 CAD |
| Land Assessment | $157,633 CAD | Total Assessment | $167,179 CAD |
Property Taxes
Parcel Number
6008-027-030
Land Assessment
$157,633 CAD
Improvements Assessment
$9,546 CAD
Total Assessment
$167,179 CAD
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1437 E 61st St
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