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848 W 62Nd St, Los Angeles, CA 90044
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848 W 62Nd St Los Angeles, CA 90044

$700,000 Sold Price as of 03/09/2022
  • 5 Beds
  • 3 Baths
  • 1,864 Sq.Ft.
Sold
$700,000 Sold Price as of 03/09/2022 Refinance Your Mortgage
Map preview of 848 W 62Nd St, Los Angeles, CA 90044

Property Overview: 848 W 62Nd St Los Angeles, CA has 5 bedrooms, 3 bathrooms, 1,864 living square feet and 5,520 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Looking for cash flow! JUST LISTED 2 UNITS being used as 3 units. Won't last! 3rd unit is being used as a single and will be delivered vacant. Great opportunity for First-time Buyer owner occupant with rental income.. Property was extensively restored in the past with many upgrades completed throughout all units. Newer wooden kitchen cabinets and counter-tops. Tile flooring and floating wood-like laminate floors. Newer fixtures. Newer vinyl windows. Property provides private driveway with plenty of onsite parking. Large private back yard patio for entertaining with parking space for up to 5 cars. Front unit 3 bed+1 bath, 2nd unit bed+1 bath, 3rd unit single with kitchen and bathroom, will be delivered vacant. Tenants current and paying rents. Unit has washer and dryer hook ups. Newer stucco exterior and much more. A must see to appreciate. Property is conveniently located near close to freeways, DTLA, LA Memorial Coliseum, LAFC's new Bank of California Stadium & the Staples Center & SOFI stadium.

Listed by Julio Bonilla | BRE #01281205 | Keller Williams Pacific Estates Cerritos
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
5,520
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW21254173
City
Los Angeles
County
Los Angeles
Time on Site
913 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $44,400
  • Net Operating Income: $41,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 848 W 62Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6004013008
  • Year Built Source: Public Records
  • 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: Take W Gage Ave to W 62nd St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 848 W 62Nd St

Last sold for $700,000 on March 9th, 2022

  • March, 2022

  • Mar 9, 2022

    Date

    Sold

    CRMLS: DW21254173

    $700,000

    Price

  • Jan 6, 2022

    Date

    Active

    CRMLS: DW21254173

    $699,900

    Price

  • January, 2019

  • Jan 16, 2019

    Date

    Expired

    CRMLS: RS18037690

    $535,000

    Price

  • Mar 20, 2018

    Date

    Withdrawn

    CRMLS: RS18037690

    $535,000

    Price

  • Mar 15, 2018

    Date

    Active

    CRMLS: RS18037690

    $535,000

    Price

  • Mar 1, 2018

    Date

    Pending

    CRMLS: RS18037690

    $535,000

    Price

  • Feb 22, 2018

    Date

    Active

    CRMLS: RS18037690

    $535,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON THE MARKET. MOTIVATED SELLER . Excellent Opportunity for First time buyer or for Investor.This property is standard sale, 2 properties attach in the lot It has, the front house has 3 Bedrooms and 1.5 bathrooms.Include washer and dryer.Second Unit has 2 Bedrooms 1 bathroom and bonus room.Excellent CONDITION inside and out. The bonus rooms have been converted into a single that rents for $ 850.00.Legally are 2 units

  • July, 2016

  • Jul 7, 2016

    Date

    Sold (Public Records)

    Public Records

    $465,000

    Price

  • October, 2013

  • Oct 30, 2013

    Date

    Sold (Public Records)

    Public Records

    $373,000

    Price

Show More

Tax History for 848 W 62Nd St

Assessed Value (2020): $493,461
Year Land Value Improved Value Assessed Value
2020 $358,157 $135,304 $493,461

Home Value Compared to the Market

This property vs the competition

848 W 62Nd St sold on March 9, 2022 for 45.06% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $375.48 per/sqft which puts the price per square foot 52.53% lower than the current median sale per square foot for the city of Los Angeles.

About 848 W 62Nd St

Detailed summary of property

848 W 62Nd St is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,864 living square feet, and sits on an approximately 5,520 square foot lot. 848 W 62Nd St was first listed on ArdentRealEstateGroup.com on January 6, 2022. The homeowner sold the property for $700,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.06% lower than the current median priced home. Local homes that are currently for sale include 7407 S Figueroa St, 217 W 70th St and 940 W 76th St. While the average home in Los Angeles, CA is selling in 102 days, 848 W 62Nd St has a days on market of 22 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 848 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 848 W 62Nd St

Public county record property details
Beds
5
Baths
2
Year built
1923
Sq. Ft.
1,864
Lot Size
5,520
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
6004-013-008

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
$670,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$679,999
Median Sold Price/Sq.Ft.
$540
Total Inventory
89
Median Sale to List Price %
101.64%
Avg Days on Market
21
Loan Type
Conventional (22.22%), FHA (55.56%), VA (0%), Cash (11.11%), Other (0%)

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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