821 W 62nd Street

Property Description

Pinnacle Real Estate Group is pleased to present a 5-unit investment property with substantial value-add potential.
Location! Location! Location! Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and rapidly developing city of Inglewood. This 5 unit apartments perfect for either an investor or a first time home buyer who wants to live in one unit and rent the others out. This property comprises Four 1Bedroom/1Bath and one two-bedroom unit. Upon stabilizing at market rent levels, this asset can achieve a High CAP Rate . The building is 2194 square feet and sits on a 6930square-foot lot. This property is an exceptional investment opportunity. The major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters. Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles.

Overview

Property Status

For Sale

Lot Size

6,930 Sq.Ft.

MLS ID

WS24116816

Property Type

Condo

Year Built

1926

Are you interested?

Schedule a Tour

Elizabeth Tu

(626)510-7189 [email protected]

Features & Amenities

Neighborhood

Los Angeles

Architecture Styles

Bungalow

View Description

City Lights

Stories

Garage Spaces

1.0

Water Source

Public

Pool

None

Lot Features

36-40 Units/Acre

Parking

Assigned, On Street

Sewer

Public Sewer

Sales Price

$998,000

Zoning

LARD2

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