212 East 62nd Street

Los Angeles, CA 90003

$550,000
Price
6
Beds
4
Baths
1,996 Sq. Ft.
$276 / Sq. Ft.
1,996
Sq. Ft.
$276
per Sq. Ft.

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...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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 212 East 62nd Street

Zoning
LAR2
Parcel Number
6006012015
Total Units
4.0
Living Area
1996
Source Living Area
Assessor
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
5121
LISTING UPDATED: 11/18/2024 09:50 AM

Property Details for 212 East 62nd Street

StatusActive
MLS #24-450065
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.12 AC / 5,121 SF
CountyLos Angeles County

Building Information for 212 East 62nd Street

Stories2Residences-Year Built1928Building Size-Lot Size0.12 AC / 5,121 SF

Property Information for 212 East 62nd Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $24,998
  • Net Operating Income: $5,680.00
  • Gross Income: $24,998
  • Gross Rent Multiplier: $22.00
  • Total Annual Expense: 19318
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1176
  • Lot Size Square Feet: 5121
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-07-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $636.00
  • Unit Actual Rent: $636.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $463.00
  • Unit Actual Rent: $463.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $521.00
  • Unit Actual Rent: $521.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $463.00
  • Unit Actual Rent: $463.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $109,363.00
  • Assessed Improvement Percent: 23.26
  • Assessed Land Value: $360,901.00
  • Assessed Land Percent: 76.74
  • Assessed Total Value: $470,264.00

Property History for 212 East 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 212 East 62nd Street

Taxable ValueLand$368,119Additions$111,550Total$479,669
Tax Record2024$6,163 ($514 / month)
Home Facts
Total Finished SqFt1,996 SqFtAbove Grade Finished SqFt1,996 SqFtLot Size5,119 SqFtStyleQuadraplexYear Built1928ZoningLAR2CountyLOS ANGELESAPN6006-012-015

Schools near 212 East 62nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Aspire Inskeep Academy Charter
CharterK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Aspire Slauson 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.

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212 East 62nd Street is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on October 7, 2024 by Kidder Mathews of California, Inc., it's currently listed at $550,000. It has been on the market for a total of 36 days and was last sold on February 26, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Aspire Inskeep Academy Charter, Mary Mcleod Bethune Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 212 East 62nd Street is a 6-bed, 4-bath, 1,996 sqft multi-family home built in 1928.

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 Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

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.