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212 E 62nd St, Los Angeles, CA, 90003

$550,000

Home List Price

$6,531*

Closing Credit

6 Bedrooms
4 Baths
1,996 SqFt
$276/SqFt
House

Location

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212 E 62nd St, Los Angeles$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Attached Garage4 spaces
Year Built1928
HeatingWall Furnace
CoolingNone
MLS #24450065
Lot Size0.12 Acres
StatusActive

About 212 E 62nd St

We are pleased to present 212 E 62nd St, 4-unit property located in Los Angeles. This opportunity is situated in close proximity to the 110-freeway offering easy access to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum. The property's central location is also a short drive to neighboring cities such as Crenshaw/Leimert Park, Inglewood, Huntington Park and Walnut, offering tenants numerous nearby amenities. Priced attractively at $137,000 per unit and at $276/ sf, this value-add opportunity presents over 370% upside in rents to a 4.68 GRM and a 17.23% CAP at market. All units are currently occupied with low rents providing an enormous amount of upside. The property consists of three separate structures constructed in 1928 with a unit mix of 1 two-bedroom units and 3 one-bedroom units. The property also features four 1-car garages in the rear accessible from the alley providing potential for ADU conversions.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 2
  • Living Area: 1,996 SqFt

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps: 212 E 62nd St, Los Angeles, CA 90003

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $276/SqFt

Tax Information:

  • Annual Amount: $5,699
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

212 E 62nd St vs Los Angeles

45 DAYS ON ROCKET

+7 Days

$550,000

-$473.4K Less

$276/SqFt

-$365 Less

KEY TAKEAWAY

This property is $473.4K less than the Median Sold Price and $365/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24450065

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,699$452,005
2020$5,534$447,372
2019$740$438,600
2018$728$36,145
2017$728$35,438

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-549732
5
/10

  • 66th Street Elementary School

  • 6600 S San Pedro St

  • 0.29 miles

  • Public District Grades KG-6

school-card-donut-549733
6
/10

  • Aspire Inskeep Academy Charter

  • 123 W 59th St

  • 0.34 miles

  • Public Charter Grades KG-6

school-card-donut-549734
4
/10

  • Aspire Slauson Academy Charter

  • 123 W 59th St

  • 0.34 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,600. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 212 E 62nd St

What is the listing price of this property?

The listing price of 212 E 62nd St property is $550,000.

What type of property is this?

The property 212 E 62nd St is a house located in Los Angeles, California, 90003.

Is this property for sale now?

Active Listing: 212 E 62nd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,699 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 212 E 62nd St has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 212 E 62nd St is 1,996 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 212 E 62nd St is 1928.

Rocket Homes›California›Los Angeles County›Los Angeles›90003›212 E 62nd St

This home is located at 212 E 62nd St in Los Angeles, CA and zip code 90003 in the South LA neighborhood. This 1,996 square foot home, which was built in 1928, sits on a 0.12 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $550,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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