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355 E 62nd St, Los Angeles, CA 90003
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355 E 62nd St Los Angeles, CA 90003

$477,750 Sold Price as of 06/11/2019
  • 4 Beds
  • 2 Baths
  • 1,442 Sq.Ft.
Sold
$477,750 Sold Price as of 06/11/2019 Refinance Your Mortgage
Map preview of 355 E 62nd St, Los Angeles, CA 90003

Property Overview: 355 E 62nd St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,442 living square feet and 5,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two homes on a large gated tree-lined lot! Units are currently occupied by good tenants. Both units are 2 bedrooms and 1 bath. The front unit has an enclosed front patio for your enjoyment. The back unit has recently been renovated and has a private back yard for entertaining. The long driveway and large area between both units provides ample space for lots of parking. There is also a large 2 car size free standing detached garage. The location is central to the greater Los Angeles area, minutes to downtown L.A., and a short drive to the University of Southern California(USC). Don't overpay for a home in a re-gentrified area, get in now, while prices are still low in this area. This property provides the opportunity to improve, expand and generate income.

Listed by Dean Garcia | BRE #01967222 | Hous Realty
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,400
HOA Dues
$0/mo
Year built
1906
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC19065274
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: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.85%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,600
  • Net Operating Income: $26,842
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,758
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $5,732
  • Trash: $0
  • Insurance: $1,742
  • Maintenance: $1,200
  • Water/Sewer: $1,764

Property Details for 355 E 62nd St

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Back Yard, Front Yard, Level, Treed Lot
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6006024030
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: I-110, exit Gage, head East, left on San Pedro, right on 62nd
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 355 E 62nd St

Last sold for $478,000 on June 11th, 2019

  • January, 2020

  • Jan 14, 2020

    Date

    Price Change

    CRMLS: M07085248

    $519,000

    Price

  • Listing provided courtesy of CRMLS

    This property also has a garage conversion and another huge bedroom addition with a bathroom, without permits. Both units are tenant occupied. Please do not disturb tenants.

  • January, 2020

  • Jan 14, 2020

    Date

    Price Change

    CRMLS: M07085715

    $519,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2019

  • Jun 12, 2019

    Date

    Sold

    CRMLS: OC19101275

    $477,750

    Price

  • May 20, 2019

    Date

    Pending

    CRMLS: OC19101275

    $459,000

    Price

  • May 9, 2019

    Date

    Active Under Contract

    CRMLS: OC19101275

    $459,000

    Price

  • May 2, 2019

    Date

    Active

    CRMLS: OC19101275

    $459,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2019

  • Jun 12, 2019

    Date

    Sold

    CRMLS: OC19065274

    $477,750

    Price

  • May 20, 2019

    Date

    Pending

    CRMLS: OC19065274

    $459,000

    Price

  • May 9, 2019

    Date

    Active Under Contract

    CRMLS: OC19065274

    $459,000

    Price

  • May 2, 2019

    Date

    Active

    CRMLS: OC19065274

    $459,000

    Price

  • June, 2019

  • Jun 11, 2019

    Date

    Sold (Public Records)

    Public Records

    $478,000

    Price

  • April, 2017

  • Apr 27, 2017

    Date

    Sold (Public Records)

    Public Records

    $396,500

    Price

  • June, 2015

  • Jun 1, 2015

    Date

    Price Change

    CRMLS: 15910439

    $325,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer this two (2) unit multifamily investment offering, located in the City of Los Angeles (subject to rent stabilization ordinance). There are two (2) separate structures on the 5,399 square foot lot with a Single-Family Residence in the front and another Single-Family Residence located in the rear. The unit mix consists of two (2) 2+1 SFR units. The subject property was constructed of wood frame stucco in 1906, and consists of approximately 1,442 rentable square feet. Recent building upgrades include updated aluminum windows throughout and building amenities include individual water heaters in each unit, a wrought iron secured entry and gate, on-site parking spaces, and the property is separately metered for gas & electricity.

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Tax History for 355 E 62nd St

Assessed Value (2020): $487,560
Year Land Value Improved Value Assessed Value
2020 $377,400 $110,160 $487,560

Home Value Compared to the Market

This property vs the competition

355 E 62nd St sold on June 11, 2019 for 61.43% 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 $318.31 per/sqft which puts the price per square foot 57.84% lower than the current median sale per square foot for the city of Los Angeles.

About 355 E 62nd St

Detailed summary of property

355 E 62nd St is a duplex that recently sold in Los Angeles, CA 90003. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,442 living square feet, and sits on an approximately 5,400 square foot lot. 355 E 62nd St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $477,750. 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 61.43% lower than the current median priced home. Local homes that are currently for sale include 2552 N California St, 555-567 Ramona Ave and 1306 N D St. While the average home in Los Angeles, CA is selling in 93 days, 355 E 62nd St has a days on market of 6 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 355 E 62nd St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 355 E 62nd St

Public county record property details
Beds
4
Baths
2
Year built
1906
Sq. Ft.
1,442
Lot Size
5,399
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
52
APN
6006-024-030

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
39
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

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(714) 706-1823

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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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