821 W 62nd Street
Los Angeles, CA, 90044
$998,000
Beds
0 Baths
SqFt
0.16 Acres
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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.

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
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Wrought Iron
Garage Spaces
1.00
Lot Features
36-40 Units/ Acre
Parking Features
Assigned, Street
Parking Spots
3.00
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Public Sewer
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Stories Total
1
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Public

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821 W 62nd Street
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