CA > Los Angeles
Los Angeles, CA 90003,212 E 62nd ST
Los Angeles, CA 90003,212 E 62nd ST
Los Angeles, CA 90003,212 E 62nd ST
Los Angeles, CA 90003,212 E 62nd ST
Los Angeles, CA 90003,212 E 62nd ST
Los Angeles, CA 90003,212 E 62nd ST
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 550,000
Est. payment | /mo

6 Beds

4 Baths

1,996 SqFt

Save
$ 550,000
Est. payment | /mo
Save

6 Beds

4 Baths

1,996 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $275

MLS Listing ID 24450065

Bedrooms 6

HOA Y/N No

Year Built 1928

Lot Size 5,122 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Attached Garage Yes

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6006012015

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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212 E 62nd ST