NOT LISTED FOR SALE

Estimated Value: $537,000 - $570,955

6 Beds
4 Baths
1,996 Sq Ft
$280/Sq Ft Est. Value

Last Sold December 20, 2024

Last sale price $561,000 $281 Per Sq Ft

Current estimated payment $3,477/month

47 Days on Market

About This Home

As of December 2024

We are pleased to present 212 E 62nd St, 4-unit property located in Los Angeles. This opportunity is situated in close proximity to the 110-freeway offering easy access to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum. The property's central location is also a short drive to neighboring cities such as Crenshaw/Leimert Park, Inglewood, Huntington Park and Walnut, offering tenants numerous nearby amenities. Priced attractively at $137,000 per unit and at $276/ sf, this value-add opportunity presents over 370% upside in rents to a 4.68 GRM and a 17.23% CAP at market. All units are currently occupied with low rents providing an enormous amount of upside. The property consists of three separate structures constructed in 1928 with a unit mix of 1 two-bedroom units and 3 one-bedroom units. The property also features four 1-car garages in the rear accessible from the alley providing potential for ADU conversions.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 11/13/2024

Last Buyer's Agent

Angelica Suarez

Estate Properties License #01078617

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,121

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 1,996 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,121 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 6006-012-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 1996
  • Lot Acreage: 0.1176
  • Probate: No
  • Stories: 2
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 275.55

Exterior Features

  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Attached
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 23.26
  • Assessed Improvement Value: 109363
  • Assessed Land Percent: 76.74
  • Assessed Land Value: 360901
  • Total Assessed Value: 470264
  • Assessor Parcel Number: 6006-012-015
  • Lot Size Area: 5121

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 22.00
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Dec 13, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Real J Carlos
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Angelica Suarez
Estate Properties
List Price
$550,000
Sold Price
$561,000
Premium/Discount to List
$11,000
2%
Views
99
Current Estimated Value
$558,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,511
Avg. Annual Appreciation
-0.40%
Original Mortgage
$420,750
Outstanding Balance
$417,441
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$141,048

Purchase Details

Listed on
Dec 20, 2017
Closed on
Jan 13, 2018
Sold by
Pyles Roscoe and The Roscoe Pyles Revocable Tru
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
Chevy Harris
CENTURY 21 REALTY MASTERS
Buyer's Agent
Chevy Harris
CENTURY 21 REALTY MASTERS
List Price
$368,000
Sold Price
$430,000
Premium/Discount to List
$62,000
16.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%

Purchase Details

Closed on
Oct 31, 2005
Sold by
Pyles Roscoe and The Stanford Phyles Revocable
Bought by
Pyles Roscoe and The Roscoe Pyles Revocable Tru

Purchase Details

Closed on
Jan 11, 2001
Sold by
Pyles Stanford
Bought by
Pyles Stanford and The Stanford Pyles Revocable T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Real J Carlos $561,000 Provident Title
Sola Impact Fund Ii Lp $430,000 Wfg National Title Company
Pyles Roscoe -- --
Pyles Stanford -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Real J Carlos $420,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2024 12/20/24 Sold $561,000 +2.0% $281 / Sq Ft
11/23/2024 11/23/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $550,000 0.0% $276 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $550,000 0.0% $276 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $550,000 +27.9% $276 / Sq Ft
02/26/2018 02/26/18 Sold $430,000 0.0% $215 / Sq Ft View Prior Sale
02/13/2018 02/13/18 Pending -- -- --
01/22/2018 01/22/18 Off Market $430,000 -- --
12/20/2017 12/20/17 For Sale $368,000 -- $184 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,163 $561,000 $401,000 $160,000
2024 $6,163 $479,669 $368,119 $111,550
2023 $6,049 $470,264 $360,901 $109,363
2022 $5,776 $461,044 $353,825 $107,219
2021 $5,699 $452,005 $346,888 $105,117
2020 $5,753 $447,372 $343,332 $104,040
2019 $5,534 $438,600 $336,600 $102,000
2018 $741 $36,145 $15,704 $20,441
2016 $689 $34,745 $15,096 $19,649
2015 $683 $34,224 $14,870 $19,354
2014 $714 $33,554 $14,579 $18,975
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-450065

The MLS

APN: 6006-012-015