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821 W 62nd Street, Los Angeles, CA 90044
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821 W 62nd Street Los Angeles, CA 90044

$998,000
  • 6 Beds
  • 5 Baths
  • 2,194 Sq.Ft.
For Sale
$998,000 Get Pre-Qualified
Map preview of 821 W 62nd Street, Los Angeles, CA 90044

Property Overview: 821 W 62nd Street Los Angeles, CA has 6 bedrooms, 5 bathrooms, 2,194 living square feet and 6,930 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by XIAO TU | BRE #01932283 | Pinnacle Real Estate Group
Last checked: 8 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
6,930
HOA Dues
$0/mo
Year built
1926
Garage
1 Car
Property Type:
Apartment
Status
Active
MLS#
WS24116816
City
Los Angeles
County
Los Angeles
Time on Site
103 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 5
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $70,800
  • Net Operating Income: $56,325
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,475
  • Trash: $120
  • Insurance: $1,980
  • Professional Management: $300

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Property Details for 821 W 62nd Street

Interior Features
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 3
  • Parking Features: Assigned, Street
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Year Built Source: Public Records
  • Architectural Style: Bungalow
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Take exit 18A toward Gage Ave, turn R on W Gage Ave, Turn R on S Hoover St, Turn L on W 62nd St
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 821 W 62nd Street

View property's historical transactions

  • June, 2024

  • Jun 8, 2024

    Date

    Active

    CRMLS: WS24116816

    $998,000

    Price

Tax History for 821 W 62nd Street

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

821 W 62nd Street is listed 16.83% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $454.88 per/sqft which puts the price per square foot 40.77% lower than the median price per square foot for the city of Los Angeles.

About 821 W 62nd Street

Detailed summary of property

821 W 62nd Street is a apartment located in Los Angeles, CA 90044 and is currently for sale. This apartment offers 6 bedrooms, 5 bathrooms, roughly 2,194 living square feet, and sits on an approximately 6,930 square foot lot. 821 W 62nd Street was first listed on ArdentRealEstateGroup.com on June 8, 2024. The homeowner is currently asking $998,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.83% lower than the median priced home. Local competing homes currently for sale include 1036 W 55th St, 916 W 53rd W St and 5845 S Broadway. While the average home in Los Angeles, CA is selling in 106 days, 821 W 62nd Street has a days on market of 35 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 821 W 62nd Street 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 821 W 62nd Street

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

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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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