212 E 62Nd Street, Los Angeles, CA 90003
-
Listed Price :
$550,000
-
Beds :
6
-
Baths :
4
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Property Size :
1,996 sqft
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Year Built :
1928
Property Description
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 three separate structures constructed in 1928 with a unit mix of 1 two-bedroom units and 3 one-bedroom units. The property also features four 1-car garages in the rear accessible from the alley providing potential for ADU conversions.
Interior Features
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
4 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
212 E 62Nd Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90003 |
| County |
Los Angeles |
| Listing Agent |
Casey Lins DRE #01902650 |
| Courtesy Of |
Kidder Mathews of California, Inc. |
| List Price |
$550,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Structure Size |
1,996 |
| Lot Size |
5,121 |
| Year Built |
1928 |
Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 25th, 2024 at 4:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
