Los Angeles, CA 90003,212 E 62nd ST

$561,000

$550,000

2.0%
Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

1,996 SqFt


SOLD DATE : 12/20/2024

Key Details

Sold Price $561,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,996 sqft

Price per Sqft $281

MLS Listing ID 24450065

Sold Date 12/20/24

Bedrooms 6

HOA Y/N No

Year Built 1928

Lot Size 5,122 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 4.0

Garage Description 4.0

Attached Garage Yes

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6006012015

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Casey Lins • Kidder Mathews of California, Inc.
Bought with Angelica Suarez • Re/Max Estate Properties

GET MORE INFORMATION

Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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