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212 62nd Street
Los Angeles, CA 90003
We are pleased to present 212 E 62nd St, 4-unit property located in Los Angeles. This opportunity is situated in close proximity to the 110-freeway offering easy access to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum. The property's central location is also a short drive to neighboring cities such as Crenshaw/Leimert Park, Inglewood, Huntington Park and Walnut, offering tenants numerous nearby amenities. Priced attractively at $137,000 per unit and at $276/ sf, this value-add opportunity presents over 370% upside in rents to a 4.68 GRM and a 17.23% CAP at market. All units are currently occupied with low rents providing an enormous amount of upside. The property consists of two separate structures constructed in 1928 with a unit mix of 2 two-bedroom units and 2 one-bedroom units. The property also features four 1-car garages in the rear accessible from the alley providing potential for ADU conversions.
PROPERTY INFORMATION
| MLS # | 24450065 | Lot Size | 5,121 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 550,000
Price Per SqFt: $ 276 |
DOM | 258 Days |
| Address | 212 62nd Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 1,996 Sq. Ft. |
| Postal Code | 90003 | Garage | 4 |
| County | Los Angeles | Year Built | 1928 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1928 | Status | Active |
INTERIOR FEATURES
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $587
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/07/2024 | Listed | $550,000 |
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Listing provided courtesy of Casey Lins, Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
