Los Angeles, CA 90044 821 W 62nd Street

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Presented By: XIAO TU with Pinnacle Real Estate Group; 626-510-7189
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# WS24116816
  • 06/08/2024
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 6
  • Baths • 2
  • SQFT • 2,194
  • Garage • 1

Home Details

Pinnacle Real Estate Group is pleased to present a 5-unit investment property with substantial value-add potential. Location! Location! Location! Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and rapidly developing city of Inglewood. This 5 unit apartments perfect for either an investor or a first time home buyer who wants to live in one unit and rent the others out. This property comprises Four 1Bedroom/1Bath and one two-bedroom unit. Upon stabilizing at market rent levels, this asset can achieve a High CAP Rate . The building is 2194 square feet and sits on a 6930square-foot lot. This property is an exceptional investment opportunity. The major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters. Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles.
Presented By: XIAO TU with Pinnacle Real Estate Group; 626-510-7189

Interior Features for 821 W 62nd Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesAllBedroomsDown
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 821 W 62nd Street

Additional Parcels Y/NNo
Architectural StyleBungalow
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights
CountyLos Angeles
DirectionsTake exit 18A toward Gage Ave, turn R on W Gage Ave, Turn R on S Hoover St, Turn L on W 62nd St
DisclosuresCityInspectionRequired
Electric On Property Y/NNo
Entry LocationW 62nd Street
Garage Spaces1.0
Garage Y/NYes
Gross Income55200.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1980.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, FHA
Lot Size Square Feet6930.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income56325.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces2.0
Operating Expense14475.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot011
Tenant PaysAllUtilities
Total Actual Rent4600.0
Trash Expense120.0
ViewCityLights
Waterfront Y/NNo
Year Built1926
Year Built SourcePublicRecords
ZoningLARD2

Exterior for 821 W 62nd Street

Building Area Total2194.0
Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesThirtySixToFortyUnitsAcre
Lot Size Acres0.1591
Lot Size Area6930.0
Lot Size SourcePublicRecords
Number of Buildings5
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters5
Open Parking Y/NNo
Parking FeaturesAssigned, OnStreet
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $998,000
MLS#WS24116816
List Date 06/08/2024
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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