Los Angeles, CA 90044,821 W 62nd Street
Los Angeles, CA 90044,821 W 62nd Street
Los Angeles, CA 90044,821 W 62nd Street
29
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$998,000
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3 BD
2 BA
6,930 Sqft Lot
Active

821 W 62nd Street Los Angeles, CA 90044

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UPDATED:

11/18/2024 03:41 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24116816

Bedrooms 3

HOA Y/N No

Lot Size 6,930 Sqft

Property Description

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.
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.

Location

State CA

County Los Angeles

Area Los Angeles (90044)

Zoning Public Rec

Exterior

Parking Features Unit1:Assigned

Building

Story 1

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Cash, Conventional, FHA

Space Rent $3,300

Listing Terms Cash, Conventional, FHA


San Diego Regional MLS (SDMLS)
Listed by Pinnacle Real Estate Group

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KayLani Rapp

Broker Associate | DRE#01306285

+1(949) 338-5615

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821 W 62nd Street