1217 W 62Nd Street

Los Angeles, CA 90044

$1,050,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1930

calendar_month Built

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.

Listing Information

List Price $1,050,000
Status Active
MLS SR24141390
Type Residential Income
Subtype Mixed Use
Year Built 1930
Lot Size 6,726
Structure Size N/A
DOM 34
Courtesy Of Compass
Listing Agent Shavonda Hill DRE#01384396

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Laminate, Tile
Fireplace Information
Features Living Room
Additional Information
Additional Features Built-in Features, Quartz Counters, Storage, Attic
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Shavonda Hill, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.