CA > Los Angeles
Los Angeles, CA 90044,1217 W 62nd ST
Los Angeles, CA 90044,1217 W 62nd ST
Los Angeles, CA 90044,1217 W 62nd ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,050,000
Est. payment /mo
6,725 Sqft Lot
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UPDATED:

09/30/2024 06:41 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24141390

HOA Y/N No

Year Built 1930

Lot Size 6,725 Sqft

Property Description

Exceptional Investment Opportunity: Prime Multifamily Complex Near Major LA Attractions

Discover an unparalleled investment opportunity with this impressive 5-unit, 7-bedroom, 5-bath apartment complex, ideally situated near USC, the LA Convention Center, Crypto.com Arena, the Grammy Museum, L.A. Live, the Natural History Museum, the California Science Center, and SoFi Stadium.

With over 4,300 sq. ft. of living space on a generous 6,700+ sq. ft. lot, this property offers significant potential for additional units or ADU (Accessory Dwelling Unit) development to enhance rental income. The complex includes 4 private garages and one additional open parking space.

Featuring charming Spanish-style architecture with privacy gates and ornate fixtures, this property has been thoughtfully upgraded with new flooring throughout, new energy-efficient windows, and a brand-new roof. Some units also include remodeled kitchens and/or bathrooms.

This is the first time the property has been available on the market in many years, after being held within the same family for generations. Please do not disturb the current occupants. Interior viewings are available only with an offer.

Seize this rare opportunity to invest in a well-located, high-potential property that combines both classic charm and modern upgrades.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR2

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Built-in Features, Quartz Counters, Storage, Attic

Laundry Location Common Area

Heating Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type Living Room

Fireplace Yes

Appliance Gas Cooktop, Gas Oven, Gas Water Heater

Laundry Common Area

Exterior

Garage Door-Single, Garage, Garage Door Opener, Gated, Private, One Space

Garage Spaces 4.0

Garage Description 4.0

Fence Wrought Iron

Pool None

Community Features Park, Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Parking Type Door-Single, Garage, Garage Door Opener, Gated, Private, One Space

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

New Construction No

Others

Senior Community No

Tax ID 6003025018

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights,Window Bars

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard, Trust

Read Less Info
California Regional MLS (CRMLS)
Listed by Shavonda Hill • Compass • 818-912-1268

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