821 W 62nd Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS24116816
HOA Y/N No
Year Built 1926
Lot Size 6,930 Sqft
Property 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 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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LARD2
Interior
Interior Features All Bedrooms Down
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Assigned,On Street
Garage Spaces 1.0
Garage Description 1.0
Fence Wrought Iron
Pool None
Community Features Street Lights
View Y/N Yes
View City Lights
Total Parking Spaces 3
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 6004012011
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Special Listing Condition Standard