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945 W 62Nd Pl, Los Angeles, CA 90044
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945 W 62Nd Pl Los Angeles, CA 90044

$1,450,000 Sold Price as of 06/07/2024
  • 57 Beds
  • 38 Baths
  • 4,096 Sq.Ft.
Sold
$1,450,000 Sold Price as of 06/07/2024 Refinance Your Mortgage
Map preview of 945 W 62Nd Pl, Los Angeles, CA 90044

Property Overview: 945 W 62Nd Pl Los Angeles, CA has 57 bedrooms, 38 bathrooms, 4,096 living square feet and 12,388 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Nancy Rivelli | BRE #01743206 | Forward Real Estate
Last checked: 7 minutes ago | Last updated: June 10th, 2024 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
12,388
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23334595
City
Los Angeles
County
Los Angeles
Time on Site
219 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 8
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,605
  • Total Rent: $1,605
  • Pro Forma/Market Rent: $2,222
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,061
  • Total Rent: $1,061
  • Pro Forma/Market Rent: $1,729
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $619
  • Total Rent: $619
  • Pro Forma/Market Rent: $1,729
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,312
  • Total Rent: $1,312
  • Pro Forma/Market Rent: $2,222
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,222
Unit Breakdown 6
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,729
Unit Breakdown 7
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,898
  • Total Rent: $1,898
  • Pro Forma/Market Rent: $2,222
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,898
  • Total Rent: $1,898
  • Pro Forma/Market Rent: $2,222
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.9%
  • Gross Rent Multiplier: 11.23
  • Gross Scheduled Income: --
  • Net Operating Income: $68,033
  • Gross Operating Income: $145,063
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $1,080
  • Gardener: $200
  • Insurance: $375
  • Maintenance: $300
  • Professional Management: $1,000
  • Water/Sewer: $1,000

Property Details for 945 W 62Nd Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 6004014012
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Florence to Vermont to W. 62nd Pl.
View more facts & features

Local Los Angeles Agent

Sale History for 945 W 62Nd Pl

Last sold for $1,450,000 on June 7th, 2024

  • June, 2024

  • Jun 7, 2024

    Date

    Sold

    CRMLS: 23334595

    $1,450,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: 23334595

    $1,600,000

    Price

  • February, 2019

  • Feb 18, 2019

    Date

    Expired

    CRMLS: 18397590

    $1,399,000

    Price

  • Feb 17, 2019

    Date

    Withdrawn

    CRMLS: 18397590

    $1,399,000

    Price

  • Oct 18, 2018

    Date

    Active

    CRMLS: 18397590

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own this 8 unit investment property on a large lot. Property is located less than two miles from the proposed new development at Vermont ave and Manchester Ave. 5 units are 2 bedrooms, 1 bath and 3 units are 1 bedroom, 1 bath. large lot allows for plenty of parking for all tenants.

  • October, 2015

  • Oct 15, 2015

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

  • February, 2015

  • Feb 4, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 945 W 62Nd Pl

Assessed Value (2020): $974,188
Year Land Value Improved Value Assessed Value
2020 $811,824 $162,364 $974,188

Home Value Compared to the Market

This property vs the competition

945 W 62Nd Pl sold on June 7, 2024 for 17.74% higher 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 $366.21 per/sqft which puts the price per square foot 53.7% lower than the current median sale per square foot for the city of Los Angeles.

About 945 W 62Nd Pl

Detailed summary of property

945 W 62Nd Pl is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 57 bedrooms, 38 bathrooms, roughly 4,096 living square feet, and sits on an approximately 12,388 square foot lot. 945 W 62Nd Pl was first listed on ArdentRealEstateGroup.com on December 1, 2023. The homeowner sold the property for $1,450,000. 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 17.74% higher than the current median priced home. Local homes that are currently for sale include 8715 Regina Court, 438 E 56th St and 828 W 41st St. While the average home in Los Angeles, CA is selling in 102 days, 945 W 62Nd Pl has a days on market of 103 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 945 W 62Nd Pl 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 945 W 62Nd Pl

Public county record property details
Beds
8
Baths
8
Year built
1925
Sq. Ft.
4,096
Lot Size
12,385
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,13
APN
6004-014-012

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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