Listing provided courtesy of Shavonda Hill of Compass. Last updated 2024-11-24 09:14:51.000000. Listing information © 2024 CRMLS.
Asking Price: $1,050,000
1217 62nd, Los Angeles CA 90044
Community: 699 - Not Defined
Status: Active
This Commercial/Residential property was built in 1930 and is priced at $1,050,000. Please see the additional details below.
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.