Seller's Agent in 2024
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
2 in this area
59 Total Sales
Estimated Value: $537,000 - $570,955
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
Kidder Mathews of California, Inc. License #01902650 Listed on: 11/13/2024
Last Buyer's Agent
Angelica Suarez
Estate Properties License #01078617
| 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 | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Real J Carlos | $420,750 |
| 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 |
| 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 |
Seller's Agent in 2024
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
2 in this area
59 Total Sales
A
Buyer's Agent in 2024
Angelica Suarez
Estate Properties
A
Buyer Co-Listing Agent in 2024
Andre Suarez
Estate Properties
C
Seller's Agent in 2018
Chevy Harris
CENTURY 21 REALTY MASTERS
Source: The MLS
MLS Number: 24-450065
APN: 6006-012-015