1217 W 62nd Street

Los Angeles, CA 90044

About this property

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.

About this property

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 and Additional Information

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$1,050,000 Active
4,353 SQFT

Presented By Coldwell Banker Commercial Real Estate Solutions

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Get in touch today! Phone: 1-760-684-8000
License #DRE: 01857050
Brokerage
Compass 310-230-5478
1-310-230-5478
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Area Information

699 Not Defined | Los Angeles County |

$ 1,050,000
This listing is play_arrow 5.2% higher than the average in the area
$ 998,500 in the area
4,353 SqFt
This listing is play_arrow 78.6% larger than the average in the area
2,437 SqFt in the area
$ 241 $/SqFt
This listing is play_arrow 41.7% less than the average in the area
$ 414 $/SqFt in the area
146 days on site
This listing is play_arrow 0.7% below the average in the area
147 days on site in the area

Schools in the Area

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Listed By Shavonda Hill
Brokerage: Compass 310-230-5478

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