212 East 62nd Street
$550,000
6
4
1,996
1,996
$276
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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 212 East 62nd Street
Zoning
LAR2
Parcel Number6006012015
Total Units4.0
Living Area1996
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area5121
LISTING UPDATED: 11/18/2024 09:50 AM
Property Details for 212 East 62nd Street
Status | Active |
---|---|
MLS # | 24-450065 |
Days on Market | 36 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
Lot Size | 0.12 AC / 5,121 SF |
County | Los 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
Property History for 212 East 62nd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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