1217 West 62nd Street
Listed By Compass
Listed By Compass
Description
Discover an unparalleled investment opportunity with this impressive 5-unit, 7-bedroom, 5-bath apartment complex, ideally situated near USC, the LA Convention Center, Crypto.com Arena, the Grammy Museum, L.A. Live, the Natural History Museum, the California Science Center, and SoFi Stadium.
With over 4,300 sq. ft. of living space on a generous 6,700+ sq. ft. lot, this property offers significant potential for additional...Exceptional Investment Opportunity: Prime Multifamily Complex Near Major LA Attractions
Discover an unparalleled investment opportunity with this impressive 5-unit, 7-bedroom, 5-bath apartment complex, ideally situated near USC, the LA Convention Center, Crypto.com Arena, the Grammy Museum, L.A. Live, the Natural History Museum, the California Science Center, and SoFi Stadium.
With over 4,300 sq. ft. of living space on a generous 6,700+ sq. ft. lot, this property offers significant potential for additional units or ADU (Accessory Dwelling Unit) development to enhance rental income. The complex includes 4 private garages and one additional open parking space.
Featuring charming Spanish-style architecture with privacy gates and ornate fixtures, this property has been thoughtfully upgraded with new flooring throughout, new energy-efficient windows, and a brand-new roof. Some units also include remodeled kitchens and/or bathrooms.
This is the first time the property has been available on the market in many years, after being held within the same family for generations. Please do not disturb the current occupants. Interior viewings are available only with an offer.
Seize this rare opportunity to invest in a well-located, high-potential property that combines both classic charm and modern upgrades.
Listing Agent
![Shavonda Hill]()
shavonda.hill@compass.comP: (818)-912-1268
Property Details for 1217 West 62nd Street
Property Details for 1217 West 62nd Street
| Status | Active |
|---|---|
| MLS # | SR24141390 |
| Days on Market | 145 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1930 |
| Lot Size | 0.15 AC / 6,726 SF |
| County | Los Angeles County |
Building Information for 1217 West 62nd Street
Property Information for 1217 West 62nd Street
- Gross Income: $68,220
- Gross Scheduled Income: $68,220
- Net Operating Income: $64,595
- Number Of Rented Garages: 4
- Operating Expense: $3,625
- Fuel Expense: $0
- Insurance Expense: $2,300
- Professional Management Expense: $0
- Trash Expense: $125
- Water Sewer Expense: $1,200
- Total Expenses: $3,625
- Tax Tract Number: 3987
- Tax Census Tract: 2372.01
- Tax Lot: 196
- Community Features: Park, Sidewalks, Storm Drains, Street Lights, Urban
- Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
- Equipment: Laundry Area
- Interior Features: Built-in Features, Copper Plumbing Partial, Quartz Counters, Storage
- Room Type: Attic, Kitchen, Living Room
- Water Heater Features: Gas
- Laundry: Yes
- Laundry Features: Common Area
- Fireplace Features: Living Room
- Fireplace Rooms: Living Room
- Cooling: None
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: Carpet, Laminate, Tile
- Virtual Tour URL Branded: www.1217-W-62nd-St.com
- Virtual Tour URL Unbranded: https://www.hshprodmls2.com/1217-w-62nd-st
- Window Features: Double Pane Windows, Insulated Windows
- Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Entry Location: front
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Wrought Iron
- Foundation Details: Raised
- View Description: City Lights
- Pool Features: None
- Pool Description: None
- Spa Features: None
- Walk Score: 72
- Green Energy Efficient: Roof, Water Heater, Windows
- Green Water Conservation: Water-Smart Landscaping
- Lot Features: 2-5 Units/Acre
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Water: Public
- Sewer: Public Sewer
- Utilities: Sewer Connected, Water Connected
- Electric: 220 Volts
- Water Source: Public
- Garage Spaces: 4
- Parking: Yes
- Parking Garage: Door Opener, Garage, Garage - 1 Car, Gated, Parking Space, Private
- Uncovered Spaces: 2
- Open Other Spaces Total: 2
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Parking Features: Garage, Garage - Single Door, Garage Door Opener, Gated, Parking Space, Private
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,469
- Unit Type Total Rent: $2,469
- Unit Type Pro Forma: 4600
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,490
- Unit Type Total Rent: $2,490
- Unit Type Pro Forma: 4000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $726
- Unit Type Total Rent: $726
- Unit Type Pro Forma: 2000
- Unit Type Type: 3
- Number Of Units Leased: 5
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 6
- Number With Range: 5
- Number With Refrigerator: 5
Property History for 1217 West 62nd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1217 West 62nd Street
Schools near 1217 West 62nd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
ICEF Lou Dantzler Preparatory Academy Charter CharterK to 8 | ||
John Muir Middle School Public6 to 8 | ||
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.
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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Compass, Shavonda Hill, DRE #01384396
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.