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! 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.
Property Details
Price:
$998,000
MLS #:
WS24116816
Status:
Active
Baths:
0
Address:
821 W 62nd Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jun 8, 2024
State:
CA
ZIP:
90044
Lot Size:
6,930 sqft / 0.16 acres (approx)
Year Built:
1926
See this Listing
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Schools
Interior
Fireplace Features
None
Exterior
Community Features
Street Lights
Fencing
Wrought Iron
Garage Spaces
1.00
Lot Features
36-40 Units/ Acre
Parking Features
Assigned, Street
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
City Lights
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Map
Community
- Address821 W 62nd Street Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90044
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Courtesy of Pinnacle Real Estate Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
821 W 62nd Street
Los Angeles, CA
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