For Sale Multi-Family MLS# 26991539

671 W 62nd Street

Los Angeles, CA 90044

$1,250,000

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About 671 W 62nd Street

BUILT IN 2021 | NO RENT CONTROL LA CITY RSO | ALL UTILITIES INCLUDING WATER PAID BY TENANTS | SEPARATELY METERED | FULLY PERMITTED |ONE UNIT VACANT Built in 2021, this well-maintained duplex offers a great opportunity for investors and owner-users. Water, electricity, and gas are separately metered, and each tenant pays their own utilities, helping keep the owner's operating expenses very low and more low. The seller's regular monthly service expenses are only approximately $45 for pest control and $40 for gardening. The property features two spacious 5 Bed / 3 Bath units. One of the 5-bedroom unit is currently vacant, offering an excellent opportunity for an owner-user or the ability to lease it at current market rent. The property has been professionally managed and well maintained. Solar panels are installed. Great opportunity for an owner-user, investor, or 1031 Exchange buyer looking for a newer income property with separate utilities, low operating costs, and strong rental potential. Buyer to independently verify all property information, including rents, expenses, CAP rate, utility metering, rent control status, permits, square footage, and all investment calculations, and to conduct their own due diligence. Easy showing for the vacant unit.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
2021
Stories
2
Living area
3,640 sqft
Price / sqft
$343
Lot
0.124
Original price
$1,250,000
MLS #
26991539

Interior

Appliances
Dishwasher, Disposal, Refrigerator
Flooring
Tile, Vinyl
Heating
Central
Cooling
Central Air

Exterior & lot

Features
Modern, Parking spaces: 8
Construction
2
Lot
LAR4
Parking
Covered, Door-Multi, Garage, Uncovered
Garage spaces
3

Schools

District
Los Angeles Unified School District

Financial

Parcel
6004024023
Special conditions
Standard

Location

Area
C42 - Downtown L.A.
County
Los Angeles
Neighborhood
Voices Of 90037
Directions
Conveniently located in South Los Angeles with easy access to Downtown Los Angeles, USC, major freeways, and surrounding employment centers.

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Questions on 671 W 62nd Street, Los Angeles, CA 90044, or want to see it in person?

Listed by Won Mo, Keller Williams Beverly Hills

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.