821 W 62nd Street
Los Angeles, CA 90044
- – beds
- – baths
- – sqft
- 6,930 sqft lot
- 1926 build
- – on site
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.
Last checked:
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Last updated Jan 17, 2025
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MLS# WS24116816 —
The Building
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Year Built:1926
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:2194.00
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Building Area Units:Square Feet
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Total Number Of Units:5
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# of Buildings:5
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Architectural Style:Bungalow
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:5
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# of Separate Water Meters:5
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# of Separate Electric Meters:5
Interior
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Entry Location:W 62nd Street
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Room Type:All Bedrooms Down
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Number Wall AC:5
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Fireplace:No
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Fireplace:None
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Laundry:None
Financial & Terms
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Disclosures:City Inspection Required
Location
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Directions:Take exit 18A toward Gage Ave, turn R on W Gage Ave, Turn R on S Hoover St, Turn L on W 62nd St
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Latitude:33.98386600
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Longitude:-118.28796700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LARD2
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Lot Features:36-40 Units/Acre
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Lot Size Area:6930.0000
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Lot Size Acres:0.1591
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Lot Size SqFt:6930.00
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Lot Size Source:Public Records
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View:1
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View:City Lights
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Fencing:Wrought Iron
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Alley Paved
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:291
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Tax Lot:011
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6004012011
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Assigned, Street
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Parking Spaces:3.00
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Garage Spaces:1.00
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Uncovered Spaces:2.00
Extra Units
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Average 1 Bed Area:300
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Number With Refrigerator:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/8/24
Jun 8, 2024
|
Listed / Active | CRMLS_CA | $998,000 | 99.6% (9.8% / YR) |
|
4/23/14
Apr 23, 2014
|
CRMLS_CA | $500,000 |
