609 West 62nd Street Los Angeles, CA ^$ 699,999

609 West 62nd Street

^$ 699,999

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609 West 62nd Street

Los Angeles, CA, 90044

^$ 699,999

Studio Baths0.0 Sq 1,377

Monthly Estimate*

^$ 4,890

609 West 62nd Street, Los Angeles, CA 90044 - Image 1

609 West 62nd Street, Los Angeles, CA 90044 - Image 2

609 West 62nd Street, Los Angeles, CA 90044 - Image 3

609 West 62nd Street, Los Angeles, CA 90044 - Image 4

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609 West 62nd Street, Los Angeles, CA 90044 - Image 6

609 West 62nd Street, Los Angeles, CA 90044 - Image 7

Studio

Multi-Family Home for sale in Los Angeles, CA

for $699,999. This 1,377 square foot home was built in 1922 on a lot size of 0.12.

Global Platinum Properties is thrilled to showcase this remarkable Triplex For Sale in the heart of South Los Angeles. Situated on a 5,400-square-foot lot, the subject property comprises three units with a total area of 1,377 square feet. The expansive surface parking available adds convenience and accessibility for residents and their guests alike. What sets this triplex apart is that one of the units will be delivered vacant upon the close of escrow, providing an excellent opportunity for potential buyers to make immediate use or capitalize on rental income prospects. With all units fully occupied, investors can expect an impressive 6.97% Cap Rate and 10.31 FRM ensuring a solid return on investment and long-term stability.

Multi-Family Contingent

Price

^$ 699,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.12

Year Built

1922

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024363367

Features

General

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Zoning LAR4

Year Built 1922

Levels One

County Los Angeles

Net Operating Income 42727.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 5400.0

Street Name 62nd

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Exterior

Parking Features Uncovered

Lot Size Area 5400.0

Building Area Total 1377.0

Lot Size Acres 0.12

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 1

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Armin Soleimani

Listing Agent

Global Platinum Properties, Inc.

Broker

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$4,890

Per Month

Monthly Principal & Interest: $4,890
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,342

Percent of Sale Price 186%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/29/2024	$699,999		Listed Price

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609 West 62nd Street, Los Angeles, CA, 90044 is a Multi-Family Home for sale at $699,999 with 1,377 sqft and a lot size of 0.12. 609 West 62nd Street is a studio with 0.0 baths and was built in 1922. The property's zip code is 90044 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/20/2024. 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. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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609 West 62nd Street

Multi-Family Home for sale in Los Angeles, CA

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