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1659 E 62nd St
Los Angeles, CA 90001
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 5,100 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2019 |
| Building Class | B | Parking Ratio | 1.57/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LCR3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 5,100 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LCR3 |
About 1659 E 62ND ST , LOS ANGELES, CA 90001
BRAND NEW 4-PLEX in the final stages of construction with NO RENT CONTROL!!!!!! Located in Los Angeles, border line with Huntington Park making a very desirable area. This home is close to major transits, only 3 blocks from the Blue Line Station that offers quick access to Downtown LA and Downtown Long Beach (68 Walk Score). Centrally located within 5 minutes from the following major retailers and businesses: Walgreens, Auto zone, Chase, Rite Aid, Bank of America, Marshalls, Wells Fargo, US Postal Service branch, Petco, In-n-out, El Super, La Superior, etc. This Quad is perfect for investors that are looking for a great return on their investment. Get to enjoy a nice cash flow that will bring roughly $122,000 of annual gross rent. Amazing est. 6+% CAP rate and 12.2% GRM. This 4-plex (or quadruplex) has total of 14 bedrooms, 8 baths and 12 parking spaces. The first 2 units in the front consists of 3 bedrooms and 2 baths. The 2 units in the back consists of 4 bedrooms and 2 baths each. Furthermore, there is a total of a 7 car garage(1,240 space not is not included the living square footage) with 4 uncovered spaces. This new investment will provide all the modern touches in todays market such as laminate flooring, recessed lighting, washroom, and many more great features. Builder is very experienced who has build multiple properties in this area. I have attached pictures of completed projects that will reflect the outcome of this project. I can schedule private showings of other completed projects to see the final touches and great work that this company offers. DISCLAIMER: Most information provided has been true but may not be 100% accurate as the property is not completed. Rent rates are conservative as this typically rents for higher. In fact, affordable housing pays up to $2,640 for a 4 bedroom voucher. May want to contact the county of LA for further questions and/or verification. CAP rate of 6% did not include property management. Property is expected to be completed by April 2019. If you have any questions, please call directly. Thanks.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,400 | - |
| 4+2 | 2 | $2,700 | - |
Property Taxes
| Parcel Number | 6008-043-042 | Improvements Assessment | $1,082,708 |
| Land Assessment | $382,774 | Total Assessment | $1,465,482 |
Property Taxes
