821 West 62nd Street
$998,000
3
5
2,194
2,194
$455
Description
Pinnacle Real Estate Group is pleased to present a 5-unit investment property with substantial value-add potential. Location! Location! Location! Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and rapidly developing city of Inglewood. This 5 unit apartments perfect for either an investor or a first time home buyer who wants to live in one unit and rent the others out. This property comprises Four 1Bedroom/1Bath and one two-bedroom unit. Upon stabilizing at market...Pinnacle Real Estate Group is pleased to present a 5-unit investment property with substantial value-add potential. Location! Location! Location! Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and rapidly developing city of Inglewood. This 5 unit apartments perfect for either an investor or a first time home buyer who wants to live in one unit and rent the others out. This property comprises Four 1Bedroom/1Bath and one two-bedroom unit. Upon stabilizing at market rent levels, this asset can achieve a High CAP Rate . The building is 2194 square feet and sits on a 6930square-foot lot. This property is an exceptional investment opportunity. The major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters. Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles.
- Listed by XIAO TU • DRE #01932283 • Brokerage DRE #01918023 • Pinnacle Real Estate Group • 626-510-7189
Property Details for 821 West 62nd Street
Architectural Style
Bungalow
ViewCity Lights
Parking Spaces Total3
Private PoolNo
Total Units5.0
Building TypeDetached
Lot Size SourcePublic Records
Living Area2194
LISTING UPDATED: 11/16/2024 10:43 PM
Property Details for 821 West 62nd Street
Status | Active |
---|---|
MLS # | WS24116816 |
Days on Market | 118 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1926 |
County | Los Angeles County |
Building Information for 821 West 62nd Street
Building/Complex821 W 62nd StFloor-Stories1Residences-Pet Policy-Year Built1926Building Size-
Property Information for 821 West 62nd Street
Property History for 821 West 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 821 West 62nd Street
Taxable ValueLand$501,981Additions$111,950Total$613,931
Tax Record2024$8,219 ($685 / month)
Home Facts
Total Finished SqFt2,194 SqFtAbove Grade Finished SqFt2,194 SqFtLot Size6,931 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLARD2CountyLOS ANGELESAPN6004-012-011
Schools near 821 West 62nd Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sixty-First Street Elementary School PublicK to 6 | ||
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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