1247 W 62nd, Los Angeles, California 90044, Los Angeles, 90044 - 0 bed, 0 bath
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Los Angeles, California 90044
This triplex presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well below the $741,621 Fair Market Value by approximately -1%. While the property is priced near market, the Condition Rating of 5 highlights significant value-add potential through renovation. The 6,723 sqft lot and versatile triplex layout allow for immediate rental income with room for future density expansion. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs while executing a long-term rehabilitation strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1247 W 62nd Subject | $749,000* List Price | 0 | 0 | 2,305 | $322 | - |
A 1259 W 59th Sold | $690,000 | 0 | 0 | 2,143 | $322 | 0.3 mi |
B 856 W 73rd Street Sold | $750,000 | 4 | 4 | 2,339 | $321 | 0.8 mi |
C 906 W 59th Sold | $725,000 | 0 | 0 | 1,916 | $378 | 0.5 mi |
D 6414 S Hoover Street Active | $749,999 List Price | 0 | 0 | 2,332 | $322 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 with no mention of recent renovations to kitchens, baths, or major systems. The listing highlights 'upside' and below-market rents, which typically indicates the units require significant rehabilitation to meet modern standards. Exterior shows dated windows and visible electrical conduits, suggesting the property is in need of comprehensive updates.
High School: Middle College High School (9/10).
With current rents performing below market rates, this triplex offers a substantial value-add opportunity for investors to increase cash flow and realize equity growth through lease optimization.
The configuration of two separate structures, including a detached rear home, provides superior privacy for tenants and an ideal setup for an owner-user looking to occupy one unit while offsetting the mortgage.
Constructed in 1928, the property likely requires updates to aging systems such as plumbing, electrical, and roofing, which may necessitate immediate capital expenditure.
The majority of the immediate neighborhood schools are rated between 2 and 4, which may limit the property's appeal to families and impact long-term appreciation compared to higher-rated districts.
Great opportunity to own a triplex with room to grow. Seller has gone through some extensive repairs. Upgraded electrical with new Sub-panels for each unit. New upgraded plumbing with for all three units. Upgraded all window frames. Repaired stucco and NEW paint. Property includes two separate 1 bed / 1 bath front units and a rear 2 bed / 1 bath home. Rents are currently below market, presenting upside for future income. Ideal for an owner-user looking to occupy one unit while improving rental performance over time. Functional layout with separate structures offers flexibility and privacy.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,305 | 2,250 |
| Lot Size | 6,723 | 5,864 |
| Price | $749.0K | $826.7K |
| Price per sq ft | $325 | $395 |
| Built year | 1928 | 1925 |
| HOA | $0 | $0 |
| Days on market | 27 | 83 |
Jun 25, 2026
$749,000
Initial Listing