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    802 W 62Nd St

    Los Angeles, CA 90044
    • $1,500,000
    • STATUS: Active Under Contract
    • ON SITE: 26 days
    • ID#: 21-691372
    Under Contract
    UPDATED: 54 min ago
    $1,500,000
    • 5
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,577
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T09:42:32.573. 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.
    www.brandiprattrealestate.com/homes/114083317
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    802 W 62Nd St Los Angeles, CA 90044

    • Price: $1,500,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: 21-691372
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    3,577
    SQFT
    $419
    $/SQFT
    1926
    Built
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    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.
    Exterior Features

    Cross Streets Hoover Street Lot Location Corner Lot Lot Size Area 5000 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 10.00 Cooking Appliances OvenOven-Gas Cooling None Equipment None Heating Central Laundry None

    Property Features

    Alley YN No Assessed Total Value 181754 Gross Income 90840 Gross Operating Income 88267 Like Units1 5 Like Units2 5 Net Operating Income 57299.00 Number Of Buildings 2 Number Of Units 10 Owner Pays Water Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 30968 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Manny Nunez Jd DRE#01990970 of Cb Richard Ellis, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T09:42:32.573. 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.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583