802 W 62ND STREET, LOS ANGELES CA 90044

  • 3,577 sq.ft.
  • 5,000 sq.ft. lot
offered at $1,500,000
MLS#:21691372
Status: Active // Property Type:
County: Los Angeles // Year Built: 1926

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.

Listing Courtesy of Manny Nunez JD, CB Richard Ellis, Inc.

Interior Features

Heating: Central
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of March 18, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.