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

$675,000 Sold Price as of 04/22/2024
  • 4 Beds
  • 3 Baths
  • 1,377 Sq.Ft.
Sold
$675,000 Sold Price as of 04/22/2024 Refinance Your Mortgage
Map preview of 609 W 62nd St, Los Angeles, CA 90044

Property Overview: 609 W 62nd St Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,377 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: Global Platinum Properties is thrilled to showcase this remarkable Triplex For Sale in the heart of South Los Angeles. Situated on a 5,400-square-foot lot, the subject property comprises three units with a total area of 1,377 square feet. The expansive surface parking available adds convenience and accessibility for residents and their guests alike. What sets this triplex apart is that one of the units will be delivered vacant upon the close of escrow, providing an excellent opportunity for potential buyers to make immediate use or capitalize on rental income prospects. With all units fully occupied, investors can expect an impressive 6.97% Cap Rate and 10.31 FRM ensuring a solid return on investment and long-term stability.

Listed by Julio Ruiz | BRE #01911261 | Global Platinum Properties, Inc.
Co-listed by Armin Soleimani | BRE #01846872 | Global Platinum Properties, Inc.
Last checked: 9 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
5,400
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24363367
City
Los Angeles
County
Los Angeles
Time on Site
66 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,057
  • Total Rent: $1,057
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 11.31
  • Gross Scheduled Income: --
  • Net Operating Income: $42,727
  • Gross Operating Income: $61,884
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 609 W 62nd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 6004025023
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located between Hoover & Figueroa
View more facts & features

Local Los Angeles Agent

Sale History for 609 W 62nd St

Last sold for $675,000 on April 22nd, 2024

  • April, 2024

  • Apr 22, 2024

    Date

    Sold

    CRMLS: 24363367

    $675,000

    Price

  • Feb 28, 2024

    Date

    Active

    CRMLS: 24363367

    $699,999

    Price

  • March, 2020

  • Mar 3, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2020

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: M08047445

    $555,000

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: M08047445

    $300,000

    Price

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: M08047445

    $350,000

    Price

  • Listing provided courtesy of CRMLS

    Gage And Figueroa West Of 10 Freway, Nice 3 Units On A Lot. s/f Buyers To Verified Whith The City,

  • February, 2020

  • Feb 19, 2020

    Date

    Price Change

    CRMLS: M08013646

    $555,000

    Price

  • Listing provided courtesy of CRMLS

    3 units central located 1Bed. 1 bath each

  • May, 2018

  • May 23, 2018

    Date

    Sold

    CRMLS: DW18063320

    $482,000

    Price

  • Apr 16, 2018

    Date

    Pending

    CRMLS: DW18063320

    $500,000

    Price

  • Apr 12, 2018

    Date

    Active

    CRMLS: DW18063320

    $500,000

    Price

  • Apr 5, 2018

    Date

    Pending

    CRMLS: DW18063320

    $500,000

    Price

  • Mar 20, 2018

    Date

    Active

    CRMLS: DW18063320

    $500,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market!!! Perfect opportunity for investors and first time home buyers! Live in one and rent the rest! Come take a look at this beautiful triplex. Two units are 1 bedroom and 1 bathroom and Third unit is 2 bedrooms and 1 bathroom. Upgraded copper plumbing, laminated & tile flooring, front two units have tankless water heater. Driveway has been recently cemented. Easy access to the 110 Fwy. Conveniently located nearby schools, parks and marketplaces.

  • May, 2018

  • May 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $482,000

    Price

  • March, 2018

  • Mar 20, 2018

    Date

    Canceled

    CRMLS: DW18016367

    $480,000

    Price

  • Feb 16, 2018

    Date

    Pending

    CRMLS: DW18016367

    $480,000

    Price

  • Feb 7, 2018

    Date

    Hold

    CRMLS: DW18016367

    $480,000

    Price

  • Jan 23, 2018

    Date

    Active

    CRMLS: DW18016367

    $480,000

    Price

  • Listing provided courtesy of CRMLS

    Perfect opportunity for investors and first time home buyers! Live in one and rent the rest! Come take a look at this beautiful triplex. Two units are 1 bedroom and 1 bathroom and Third unit is 2 bedrooms and 1 bathroom. Upgraded copper plumbing, laminated & tile flooring, front two units have tankless water heater. Driveway has been recently cemented. Easy access to the 110 Fwy. Conveniently located nearby schools, parks and marketplaces.

Show More

Tax History for 609 W 62nd St

Assessed Value (2020): $501,472
Year Land Value Improved Value Assessed Value
2020 $343,332 $158,140 $501,472

Home Value Compared to the Market

This property vs the competition

609 W 62nd St sold on April 22, 2024 for 41.18% 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 $508.35 per/sqft which puts the price per square foot 32.67% lower than the current median sale per square foot for the city of Los Angeles.

About 609 W 62nd St

Detailed summary of property

609 W 62nd St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,377 living square feet, and sits on an approximately 5,400 square foot lot. 609 W 62nd St was first listed on ArdentRealEstateGroup.com on February 29, 2024. The homeowner sold the property for $675,000. 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 41.18% lower than the current median priced home. Local homes that are currently for sale include 443 W 71st St, 710 W 55th St and 134 W 60th St. While the average home in Los Angeles, CA is selling in 96 days, 609 W 62nd St has a days on market of 20 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 609 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 609 W 62nd St

Public county record property details
Beds
4
Baths
3
Year built
1922
Sq. Ft.
1,377
Lot Size
5,399
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
51
APN
6004-025-023

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
$669,999
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
86
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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Thinking of Selling?
Call, Text or Message
(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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