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.

Features
: City Lights
: No Hookups
: On Street, Assigned
Address Map
CA
Los Angeles
Los Angeles
90044
821 W 62nd Street
0
W119° 42' 43.4''
N33° 59' 1.8''
Take exit 18A toward Gage Ave,
MLS Addon
Pinnacle Real Estate Group
XIAO TU
elizabethtu4u@gmail.com
CR7482427
CR92843
: Public

Commercial Sale For Sale

821 W 62nd Street, Los Angeles, California 90044

2,194 Sqft
$998,000
Listing ID #CRWS24116816
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRWS24116816
Price : $998,000
Square Footage : 2,194 Sqft
Year Built : 1926
Lot Area : 6,930 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent