340 West 62nd Street

Los Angeles, CA 90003

$1,259,000
Price
10
Beds
5
Baths
4,112 Sq. Ft.
$306 / Sq. Ft.
4,112
Sq. Ft.
$306
per Sq. Ft.

Description

Corner property has two address: House = 340 w. 62nd St & 4 units = 6210 Grand Ave. All units are 2 bedrooms & 1 bath. House & 2 units had been upgraded. Property is very private secured gate & fences with lock access. Property is well-maintained. Property has camera system in common area and parking areas. Property has many lights and well led at night. Total 10 parking space, 4 parking spaces in the front & 6 parking in the back. Each unit has 2 parking spaces.Corner property has two address: House = 340 w. 62nd St & 4 units = 6210 Grand Ave. All units are 2 bedrooms & 1 bath. House & 2 units had been upgraded. Property is very private secured gate & fences with lock access. Property is well-maintained. Property has camera system in common area and parking areas. Property has many lights and well led at night. Total 10 parking space, 4 parking spaces in the front & 6 parking in the back. Each unit has 2 parking spaces.
  1. Listed by Tony Lee • DRE #01034072 • Brokerage DRE #01931889 • Elite Homes Realty • 562-688-2505

Property Details for 340 West 62nd Street

Architectural Style
Bungalow
View
None
Parking Spaces Total
10
Private Pool
No
Cooling Type
N/K
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Elite Homes Realty, Tony Lee, DRE #01034072
Add your commute
LISTING UPDATED: 05/02/2024 07:43 AM

Property Details for 340 West 62nd Street

StatusActive
MLS #OC24082294
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1915
CountyLos Angeles County

Location

Listing Courtesy of Elite Homes Realty, Tony Lee, DRE #01034072
Add your commute

Building Information for 340 West 62nd Street

Building/Complex340 W 62nd StFloor-Stories2Residences-Pet Policy-Year Built1915Building Size-

Payment Calculator

$7,828 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,871

Property Taxes

$957

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 340 West 62nd Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $95,508
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $70,503
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $25,005
  • New Taxes Expense: $14,375
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Licenses Expense: $300
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,779
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Trash Expense: $3,193
  • Water Sewer Expense: $3,358
  • Total Expenses: $25,005
Tax / Assessment Info
  • Tax Tract Number: 4
  • Tax Census Tract: 2392.01
  • CFD/Mello-Roos Fee: $1,042
  • Tax Lot: 40
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Buyer to Assume
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: None
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl
Exterior Features
  • Door Features: Atrium Doors
  • Window Features: Blinds
  • Security Features: Automatic Gate, Closed Circuit Camera(s), Security Lights, Smoke Detector(s), Window Bars
  • Security: Automatic Gate, Security Bars
  • Construction Materials: Frame
  • Exterior Construction: Frame
  • Exterior Features: Lighting
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • Foundation Details: Raised, Slab
  • Property Condition: Repairs Cosmetic
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Direction Faces: West
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,152
  • Unit Type Total Rent: $1,152
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $932
  • Unit Type Total Rent: $932
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 0
  • Number With Refrigerator: 0
  • Number With Carpet: 5
  • Number With Disposal: 0
  • Number With Drapes: 5
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 340 West 62nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 340 West 62nd Street

Taxable ValueLand$500,000Additions$370,000Total$870,000
Tax Record2023$11,486 ($957 / month)
Home Facts
Total Finished SqFt4,112 SqFtAbove Grade Finished SqFt4,112 SqFtLot Size8,156 SqFtStyleQuadraplexYear Built1915ZoningLAR2CountyLOS ANGELESAPN6005-003-044

Schools near 340 West 62nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Sixty-First Street Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Aspire Inskeep Academy Charter
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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340 West 62nd Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on May 2, 2024 by Elite Homes Realty, it's currently listed at $1,259,000. It has been on the market for a total of 40 days and was last sold on July 29, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Sixty-First Street Elementary School, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 340 West 62nd Street is a 10-bed, 5-bath, 4,112 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Elite Homes Realty, Tony Lee, DRE #01034072

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.