About 1217 62nd Street
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.
Features of 1217 62nd Street
| MLS® # | SR24141390 |
|---|---|
| Price | $1,025,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Acres | 0.15 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Style | Spanish |
| Status | Active |
Community Information
| Address | 1217 62nd Street |
|---|---|
| Area | 699 - Not Defined |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90044 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Gated, One Space, Door-Single, Garage, Garage Door Opener, Private |
| # of Garages | 4 |
| Garages | Gated, One Space, Door-Single, Garage, Garage Door Opener, Private |
| View | City Lights |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate, Tile |
|---|---|
| Interior Features | Attic, Built-in Features, Quartz Counters, Storage |
| Appliances | Gas Cooktop, Gas Oven, Gas Water Heater |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Living Room |
| # of Stories | 2 |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | TwoToFiveUnitsAcre |
| Windows | Double Pane Windows, Insulated Windows |
| Construction | Stucco |
| Foundation | Raised |
Additional Information
| Date Listed | July 10th, 2024 |
|---|---|
| Days on Market | 251 |
| Zoning | LAR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Shavonda Hill |
|---|---|
| Office | Compass |