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609 W 62nd Street

Los Angeles (City), CA 90044
  • $699,999
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • ID#: 24363367
Under Contract
$699,999
  • 4
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,377
    SQFT
  • $508
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Armin Soleimani of Global Platinum Properties, Inc. (424-394-1030) and Julio Ruiz of ()


Description

Global Platinum Properties is thrilled to showcase this remarkable Triplex For Sale in the heart of South Los Angeles. Situated on a 5,400-square-foot lot, the subject property comprises three units with a total area of 1,377 square feet. The expansive surface parking available adds convenience and accessibility for residents and their guests alike. What sets this triplex apart is that one of the units will be delivered vacant upon the close of escrow, providing an excellent opportunity for potential buyers to make immediate use or capitalize on rental income prospects. With all units fully occupied, investors can expect an impressive 6.97% Cap Rate and 10.31 FRM ensuring a solid return on investment and long-term stability.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
www.socalrealtyexpert.com/homes/148121741
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609 W 62nd Street Los Angeles (City), CA 90044

  • Price: $699,999
  • Status: Active Under Contract
  • On Site: 51 Days
  • ID#: 24363367
4
Beds
0
Baths
0
½ Baths
0.12
Acres
1,377
SQFT
$508
$/SQFT
1922
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Global Platinum Properties is thrilled to showcase this remarkable Triplex For Sale in the heart of South Los Angeles. Situated on a 5,400-square-foot lot, the subject property comprises three units with a total area of 1,377 square feet. The expansive surface parking available adds convenience and accessibility for residents and their guests alike. What sets this triplex apart is that one of the units will be delivered vacant upon the close of escrow, providing an excellent opportunity for potential buyers to make immediate use or capitalize on rental income prospects. With all units fully occupied, investors can expect an impressive 6.97% Cap Rate and 10.31 FRM ensuring a solid return on investment and long-term stability.
Exterior Features

Parking Features Uncovered Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Association YN No Cap Rate 6.1 Gross Income 61884 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 42727 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-19T18:28:35.703. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372453127-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372453127-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372453127-2.jpg
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Robin McCann | EXIT Alliance Realty
43521 Rige Park Drive, Suite 201
Temecula CA, 92590
Listing Agent(s): Armin Soleimani of Global Platinum Properties, Inc. (424-394-1030) and Julio Ruiz of ()