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Property Detail

Property Detail

Property Detail

819 W 62nd Pl, Los Angeles, CA 90044

819 W 62nd Pl, Los Angeles, CA 90044

$1,145,000 LOGIN TO SAVE

Bedrooms: 0

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Bathrooms: 0

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Area: 0 SqFt.

    Description

    819 W 62nd Pl is a value add 5-unit apartment fit for any investor looking to capitalize on a growing submarket of Los Angeles. Sandwiched between Inglewood's new SoFi stadium and USC, 815 W 62nd brings an investor the opportunity to purchase a cash flowing asset with achievable rental upside. With 80% of the property rented with Section 8, this recently remodeled asset provides an investor the opportunity to capitalize on the strong rental income of Section 8 units. This 5-unit apartment building is located in the 90044 Zip code in Los Angeles and is priced at 13.34 GRM and a 4.77% cap rate. The subject property has a unit mix of (4) 1-Bed/1-Bath and (1) 2-Bed/1-Bath Units. With 4/5 units rented with Section 8, this property has the potential to operate at a 7.66% cap rate and 9.54 GRM. This property offers an investor the rare opportunity to cash flow immediately with achievable rental upside. The subject property is walking distance from many local restaurants grocery markets. 815 W 62nd is just 2 miles from USC and less than 3 miles from Inglewood.

    Features​

    • 0.13 Acres

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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