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$ 998,000
Est. payment /mo
Active
821 W 62nd ST Los Angeles, CA 90044
6,930 Sqft Lot
UPDATED:
11/17/2024 01:48 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS24116816
Style Bungalow
Originating Board California Regional MLS
Year Built 1926
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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Laundry None
Exterior
Parking Features Assigned Spaces, Off-Street Parking
Garage Spaces 3.0
Pool 31, None
View City Lights
Building
Water District - Public
Architectural Style Bungalow
Others
Tax ID 6004012011
Special Listing Condition Not Applicable
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Listed by XIAO TU • Pinnacle Real Estate Group