212 E 62Nd Street

Los Angeles, CA 90003

$550,000

List Price

6

bed Beds

4

shower Baths

1,996 sqft

straighten / sqft

1928

calendar_month Built

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 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.

Listing Information

List Price $550,000
Status Active
MLS 24450065
Type Residential Income
Year Built 1928
Lot Size 5,121
Structure Size 1,996
DOM 28
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Casey Lins DRE#01902650

Interior Features

Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc. 714-333-6768. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 13th, 2024 at 4:48 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.