821 W 62nd Street, Los Angeles, CA 90044 - Berkshire Hathaway HomeServices California Properties

821 W 62nd Street, Los Angeles, CA 90044

$998,000 Approx. USD 0 beds, 0 baths

Listing Agent


XIAO TU | elizabethtu4u@gmail.com
Lic#: 01932283
Broker: Courtesy of Pinnacle Real Estate Group

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# WS24116816
Price: $998,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1926
0.16 acres
Lot size: 0.1591
County: Los Angeles
Property style: Bungalow
Zoning: LARD2
Interior features: All Bedrooms Down
Parking description: Assigned,On Street
Lot description: ThirtySixToFortyUnitsAcre
MLS area: C37 - Metropolitan South

Last Updated: 12/6/2024

 Days On Market (DOM): 331

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This listing belongs to the C37 - Metropolitan South MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.983866, -118.287967.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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