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… Read More 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 two separate structures constructed in 1928 with a unit mix of 2 two-bedroom units and 2 one-bedroom units. The property also features four 1-car garages in the rear accessible from the alley providing potential for ADU conversions. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
6
Square Ft.
1,996
Lot Size
0.12 Acres
Year Built
1928
MLS Number
24450065
30 Days Snapshot Of 90003
$
-6%
(avg) sold price
7
-41%
homes sold
74
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 1,996, Levels: Two, Living area: 1996, 2 stories, 2 buildings
Cooling
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $24,998, Net operating income: $5,680
Lot
0.1176 acres, 5,121 square feet, Size: 5,121
Parking
4 totals parking
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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