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1217 W 62nd Street

Los Angeles (City), CA 90044
  • $1,025,000
  • STATUS: Active
  • ON SITE: 247 Days
  • MLS #: SR24141390
UPDATED: 72 min ago
$1,025,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Shavonda Hill of Compass (310-230-5478)


Description

Exceptional Investment Opportunity: Prime Multifamily Complex Near Major LA AttractionsDiscover an unparalleled investment opportunity with this impressive 5-unit, 7-bedroom, 5-bath apartment complex, ideally situated near USC, the LA Convention Center, Crypto.com Arena, the Grammy Museum, L.A. Live, the Natural History Museum, the California Science Center, and SoFi Stadium.With over 4,300 sq. ft. of living space on a generous 6,700+ sq. ft. lot, this property offers significant potential for additional units or ADU (Accessory Dwelling Unit) development to enhance rental income. The complex includes 4 private garages and one additional open parking space.Featuring charming Spanish-style architecture with privacy gates and ornate fixtures, this property has been thoughtfully upgraded with new flooring throughout, new energy-efficient windows, and a brand-new roof. Some units also include remodeled kitchens and/or bathrooms.This is the first time the property has been available on the market in many years, after being held within the same family for generations. Please do not disturb the current occupants. Interior viewings are available only with an offer.Seize this rare opportunity to invest in a well-located, high-potential property that combines both classic charm and modern upgrades.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/152482235
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1217 W 62nd Street Los Angeles (City), CA 90044

  • Price: $1,025,000
  • Status: Active
  • On Site: 247 Days
  • Updated: 72 min ago
  • MLS #: SR24141390
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1930
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Exceptional Investment Opportunity: Prime Multifamily Complex Near Major LA AttractionsDiscover an unparalleled investment opportunity with this impressive 5-unit, 7-bedroom, 5-bath apartment complex, ideally situated near USC, the LA Convention Center, Crypto.com Arena, the Grammy Museum, L.A. Live, the Natural History Museum, the California Science Center, and SoFi Stadium.With over 4,300 sq. ft. of living space on a generous 6,700+ sq. ft. lot, this property offers significant potential for additional units or ADU (Accessory Dwelling Unit) development to enhance rental income. The complex includes 4 private garages and one additional open parking space.Featuring charming Spanish-style architecture with privacy gates and ornate fixtures, this property has been thoughtfully upgraded with new flooring throughout, new energy-efficient windows, and a brand-new roof. Some units also include remodeled kitchens and/or bathrooms.This is the first time the property has been available on the market in many years, after being held within the same family for generations. Please do not disturb the current occupants. Interior viewings are available only with an offer.Seize this rare opportunity to invest in a well-located, high-potential property that combines both classic charm and modern upgrades.
Exterior Features

Architectural Style Spanish Construction Materials Stucco Entry Level 1 Entry Location front Fencing Wrought Iron Foundation Details Raised Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Features Door-SingleGarageGarage Door OpenerGatedPrivateOne Space Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas CooktopGas OvenGas Water Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Built-in FeaturesQuartz CountersStorageAttic Window Features Double Pane WindowsInsulated Windows

Property Features

Additional Parcels YN No Common Interest None Community Features ParkStorm Drain(s)Street LightsSidewalksUrban Contingency Buyer to cooperate with 1031 Exchange. Interior viewing only with an accepted offer. Electric 220 Volts Fuel Expense 0 Garage YN Yes Green Energy Efficient RoofWater HeaterWindows Green Water Conservation Water-Smart Landscaping Gross Income 68220 Gross Scheduled Income 68220 Insurance Expense 2300 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 64595 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 6 Number Of Units Leased 5 Operating Expense 3625 Property Sub Type Mixed Use Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s)Security LightsWindow Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Total Actual Rent 5685 Trash Expense 125 Utilities Sewer ConnectedWater Connected Water Sewer Expense 1200 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Shavonda Hill of Compass (310-230-5478)