Address
802 W 62Nd Street Los Angeles, CA
Price
$ 1,500,000
Property Attributes
  • MLS#21691372
  • TypeContingent
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90044
  • Style
  • Price$ 1,500,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size5,000 SqFt
Listing Provided Courtesy Of:
Manny Nunez JD with CB Richard Ellis, Inc.
Data Source:
CLAW
Property Description

We are pleased to exclusively present 802 W 62nd Street in the city of Los Angeles. Located west of the 110 Freeway and north of Gage Avenue between Vermont Avenue and Hoover Street, 802 W 62nd Street offers an investor with the unique opportunity to own a 10-unit property with 96% rental upside. 802 W 62nd Street is a single story building which was constructed in 1926 on a 4,999 square foot C2 lot, with a total building size of 3,577 square feet. 802 W 62nd Street is a single-story offers a desirable unit mix of two single/one-bathroom units, three studio/one-bathroom units and five one-bedroom/one-bathroom units. The property is separately metered for electric, separately metered for gas, except for the single-units, and serviced by individual water heaters. The property has copper plumbing throughout, and new electrical breakers. The property offers a new investor the opportunity to recapture the 96% upside by implementing a new business plan which may include short term bridge financing to reposition the asset. Please contact the Broker for more details.

Price History
2/9/2021 Listed $1,500,000

General Features

Appliances Gas Oven, Oven
Cooling None
Heating Central
MLS Area C34 - Los Angeles Southwest
Parking Features None
Property Type Residential Income
Total Units 10
Virtual Tour https://www.hooverstreetapartments.com
Zoning LAC2

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Size Acres 0.11
Lot Size Area 5000
Lot Size Square Feet 5000
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90044

Price
AVG $620K
$1.5M
Visits
AVG 23
8
Year Built
AVG 1940
1926
Walkscore
AVG 62
81
Data Provided by Walkscore ® not using MLS data

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