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$1,050,000   Price Analysis
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1217 W 62nd St
Los Angeles, CA 90044
7 bed 5 bath 4,353 SqFt ($241/SqFt)
6,726SqFt lot. Built 1930
Listed 2024-07-10, Taxes $6,348
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Investors dream!

Or. live in one unit and tenants pay your mortgage. This 5 unit, 7 bedroom, 5 bath apartment complex located near USC, LA Convention Center, Crypto.com Arena, Grammy Museum, L.A. Live, Natural History Museum and California Scence Center and So-Fi Stadium, to name a few. With over 4300+ sq ft of living space on a 6700+ sq ft lot, there is room for additional units or ADU builds to maximize rental income.

Parking includes 4 private garage s and one additional open parking space. Complex features privacy gates with Spanish style architecture that boasts character & ornate fixtures. Upgrades include new flooring throughout, new windows, for both noise abatement & energy efficiency, BRAND CONTEMPORARY ROOF and some units have kitchen and/or bath remodels. First time on the market after many familial generations. This one won't last. Do not disturb occupants. Interior viewing with accepted offer.


Presented by Shavonda Hill at
COMPASS.


Property MLS #SR24141390 from CRMLS

Bedrooms: 7

Built-in Features
Copper Plumbing Partial
Quartz Counters
Storage
Flooring: Carpet, Laminate, Tile
Window Features: Double Pane Windows, Insulated Windows

Appliances: Gas Oven, Gas Cooktop, Gas Water Heater
Appliances YN: Yes
Laundry Features: Common Area

Attic, Kitchen, Living Room

Full Bathrooms: 5

Fireplace Features: Living Room
Heating Features: Wall Furnace
Heating: Yes

Fencing: Fence YN: Yes, Fencing: Wrought Iron
Road Frontage Type: City Street
Road Surface Type: Paved

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.1544077
Lot Size Source: Assessor
Lot Size Square Feet: 6726

Garage Spaces: 4
Parking Features: Parking YN: Yes, Parking Features: Garage, Garage - Single Door, Garage Door Opener, Gated, Parking Space, Private
Parking Total: 6

View: City Lights
Green Energy Efficient: Roof, Water Heater, Windows

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 2

Number of Units Leased: 5

Community Features: Park, Sidewalks, Storm Drains, Street Lights, Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Green Water Conservation: Water-Smart Landscaping
Insurance Expense: 2300.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 6
Parcel Number: 6003025018
Postal Code Plus 4: 2741
Trash Expense: 125.00
Walk Score: 72
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$37,687 + $418,507
$456,194
$6,348
2021$36,949 + $410,301
$447,250
$6,250
2020$39,310 + $70,196
$109,506
$2,314
2019$38,540 + $68,820
$107,360
$2,261
2018$37,785 + $67,471
$105,256
$2,118
2017$28,705 + $23,638
$52,343
$1,438
2016$28,143 + $23,175
$51,318
$1,358
2015$27,721 + $22,827
$50,548
$1,349
2014$27,178 + $22,380
$49,558
$1,390
2013$27,056 + $22,279
$49,335
$1,374
2012$26,526 + $21,843
$48,369
$1,388
2010$26,006 + $21,415
$47,421
$1,308
2009$25,874 + $21,306
$47,180
$1,267
2009$25,812 + $21,255
$47,067
$1,267
2008$25,367 + $20,889
$46,256
$1,243
2007$24,870 + $20,480
$45,350
$1,194

Listed 2024-07-10
$1,050,000
CRMLS

Net Operating Income: 64595.00

Total Square Feet Living: 4353
Year Built: 1930
Building Features: 2
Common Walls: 2+ Common Walls
Construction Materials: Stucco
Entry Level: 1
Entry Location: front
Foundation Details: Raised
Property Age: 94
Property Attached: Yes
Building Total Stories: 2
Structure Type: Commercial/Residential
House Style: Spanish
Year Built Source: Assessor

Electric: 220 Volts
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1200.00
Sewer Connected
Water Connected
Water Source: Public

Budlong Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
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John Muir Middle School is a public middle school located approximately 0.3 miles away.
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Augustus F. Hawkins High A Critical Design And Gaming is a public high school located approximately 0.5 miles away.
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Normandie Christian Of Los Angeles is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.