5 months on rocket

821 W 62nd St, Los Angeles, CA, 90044

$998,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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821 W 62nd St, Los Angeles$998,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
ParkingAssigned, On Street
Garage1 space
Year Built1926
FireplaceNone
ViewCity Lights
MLS #WS24116816
Lot Size0.16 Acres
StatusActive

About 821 W 62nd St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1926
  • Stories: 1

Listing Office:

  • Office Name: Pinnacle Real Estate Group
  • Office Phone: (626) 510-7189
  • Listing Agent: XIAO TU

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, On Street

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Other

Directions Information:

  • Directions: Take exit 18A toward Gage Ave, turn R on W Gage Ave, Turn R on S Hoover St, Turn L on W 62nd St

Price Information

Listing Price Info

Price Summary:

  • List Price: $998,000

Tax Information:

  • Annual Amount: $7,635
  • 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

821 W 62nd St vs Los Angeles

166 DAYS ON ROCKET

+128 Days

$998,000

-$25.4K Less

KEY TAKEAWAY

This property is $25.4K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #WS24116816

Listing Office:

  • Office Name: Pinnacle Real Estate Group
  • Office Phone: (626) 510-7189
  • Listing Agent: XIAO TU

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: 11/21/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 23, 2014Home Sold
$500,000
Sep 24, 2007Home Sold
$575,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,635$578,547
2020$7,426$572,220
2019$7,181$561,000
2018$6,994$538,682
2017$6,994$528,121

History based on county public records data.

Payment Calculator

$5,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,059

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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-313150
4
/10

  • 61st Street Elementary School

  • 6020 S Figueroa St

  • 0.34 miles

  • Public District Grades KG-6

school-card-donut-313151
6
/10

  • Gil Garcetti Learning Academy

  • 612 W 68th St

  • 0.45 miles

  • Public District Grades KG-6

school-card-donut-313152
3
/10

  • Gerald A. Lawson Academy

  • 929 W 69th St

  • 0.48 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,455. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 821 W 62nd St

What is the listing price of this property?

The listing price of 821 W 62nd St property is $998,000.

What type of property is this?

The property 821 W 62nd St is a condo located in Los Angeles, California, 90044.

Is this property for sale now?

Active Listing: 821 W 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 $7,635 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 23, 2014 for $500,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 821 W 62nd St is 1926.

Rocket Homes›California›Los Angeles County›Los Angeles›90044›821 W 62nd St

This home is located at 821 W 62nd St in Los Angeles, CA and zip code 90044 in the South LA neighborhood. This home, which was built in 1926, sits on a 0.16 acre lot. It has been listed on Rocket Homes since June 08, 2024 and is currently priced at $998,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.

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

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