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1246 W 62nd St, Los Angeles, CA 90044
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1246 W 62nd St Los Angeles, CA 90044

$524,000 Sold Price as of 04/24/2019
  • 2 Beds
  • 3 Baths
  • 1,569 Sq.Ft.
Sold
$524,000 Sold Price as of 04/24/2019 Refinance Your Mortgage
Map preview of 1246 W 62nd St, Los Angeles, CA 90044

Property Overview: 1246 W 62nd St Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,569 living square feet and 6,726 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful Victorian style Craftsman residential income property. 2 units, each 1 bedroom with bonus room that tenants are utilizing as a second bedroom. With additional 3rd unit generating additional income. Each 1 Bed unit is partially furnished & all inclusive in sale. Studio is fully furnished including towels and sheets. (except dinette set) If you are looking for a positive cash flow this property is a good one. Each unit has long term tenants with leases expiring this year. Great property with greater income potential. DRIVE BY ONLY- PLEASE DO NOT DISTURB ANY TENANTS. DO NOT WALK PROPERTY. No showings or visits without accepted offer. All offers will be considered and presented, motivated seller.

Listed by Brian Droze | BRE #01955257 | RE/MAX TerraSol
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,726
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
OC19031168
City
Los Angeles
County
Los Angeles
Time on Site
1215 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,673
  • Total Rent: $1,673
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,098
  • Net Operating Income: $42,913
  • Gross Operating Income: $49,200
Annual Expense Breakdown
  • Total Operating Expense: $6,286
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $4,046
  • Trash: $0
  • Gardener: $900
  • Insurance: $692
  • Water/Sewer: $648

Property Details for 1246 W 62nd St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Down, Bonus Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
Interior Features
  • Copper Plumbing Partial, Granite Counters, Partially Furnished
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Asphalt, Shingle
  • Rain Gutters
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Auto Driveway Gate
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6003028003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
  • Offered With Property: Washer/Dryer, Stove/Oven, Microwave Ovens. Refrigerators, Desk, Coffee Table, China cabinet,
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: Vermont and Florence
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1246 W 62nd St

Last sold for $524,000 on April 24th, 2019

  • August, 2019

  • Aug 31, 2019

    Date

    Canceled

    CRMLS: IV19168090

    $1,800

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: IV19168090

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    This Victorian style side by side duplex unit features a bedroom and a bonus room with new wood floors and a recently upgraded kitchen. The unit has great natural lighting and high ceilings with an open kitchen and living room layout. There are new energy efficient windows with window coverings. Comes with appliances including a microwave, dishwasher and washer/dryer in unit. Large private front and backyard with a furnished porch. Easy access to major streets and close to 10 and 110 freeways; less than 10 miles to downtown LA. No smoking inside unit.

  • April, 2019

  • Apr 24, 2019

    Date

    Sold

    CRMLS: OC19031168

    $524,000

    Price

  • Mar 2, 2019

    Date

    Pending

    CRMLS: OC19031168

    $549,000

    Price

  • Feb 10, 2019

    Date

    Active

    CRMLS: OC19031168

    $549,000

    Price

  • April, 2019

  • Apr 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $524,000

    Price

  • June, 2013

  • Jun 25, 2013

    Date

    Sold (Public Records)

    Public Records

    $274,000

    Price

Show More

Tax History for 1246 W 62nd St

Assessed Value (2020): $534,480
Year Land Value Improved Value Assessed Value
2020 $330,480 $204,000 $534,480

Home Value Compared to the Market

This property vs the competition

1246 W 62nd St sold on April 24, 2019 for 53.87% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $349.9 per/sqft which puts the price per square foot 53.66% lower than the current median sale per square foot for the city of Los Angeles.

About 1246 W 62nd St

Detailed summary of property

1246 W 62nd St is a mixed use that recently sold in Los Angeles, CA 90044. This mixed use property offered 2 bedrooms, 3 bathrooms, roughly 1,569 living square feet, and sits on an approximately 6,726 square foot lot. 1246 W 62nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $524,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 53.87% lower than the current median priced home. Local homes that are currently for sale include 761 Calle Aragon #A, 2065 Via Mariposa #D and 329 Avenida Carmel, unit D. While the average home in Los Angeles, CA is selling in 93 days, 1246 W 62nd St has a days on market of 21 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1246 W 62nd St Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1246 W 62nd St

Public county record property details
Beds
2
Baths
2
Year built
1916
Sq. Ft.
1,569
Lot Size
6,726
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
231
APN
6003-028-003

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$660,000
Median List Price/Sq.Ft.
$515
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
80
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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