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$998,000
3 bed
2 bath
0 Sqft
6,930 Sqft lot

821 W 62nd Street, Los Angeles, California 90044

  • Residential Income Property Type
  • 36 Days Time on market
  • 1926 Year Built
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.

Basic Details
Residential Income
Buy
WS24116816
$998,000
3
2
0 Sqft
1926
6,930 Sqft
Active
Apartment
Houses
Features
: Wrought Iron
: City Lights
: Bungalow
: Street Lights
3
$0
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90044
821 W 62nd Street
821
0
W119° 42' 43.3''
N33° 59' 1.9''
W
Additional Information
36
1
1
1
2,194 Sqft
1
0 Sqft
0 Sqft
: Allbedroomsdown
0.16 Sqft
6,930 Sqft
1
: No Common Walls
0 Sqft
LARD2
6004012011
$0
$0
$0
$0
1
$300
$0
0 Sqft
1
0 Sqft
$0
1
30/09/2024
17/11/2024 00:01:38
$0
: Standard
Cash,Conventional,FHA
Take exit 18A toward Gage Ave, turn R on W Gage Ave, Turn R on S Hoover St, Turn L on W 62nd St
Pinnacle Real Estate Group
XIAO TU
20652
WS79557
$0
131
1
: Acreage
1
1
: Square Feet
: Community Apartment
1
5
5
5
5
5
5
1
011
55200
US-06037-N-6004012011-R-N
Apartment
08/06/2024 15:37:42
62nd Street
C37 - Metropolitan South
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