209 E 62nd, Los Angeles, California 90003, Los Angeles, 90003 - 8 bed, 4 bath
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209 E 62nd
Los Angeles, California 90003
ACTIVE
CONDITION: POOR
8Beds
4Baths
3,068Sq Ft
5,118Lot Size
Property Price
LIST PRICE$910,000
EST. MARKET VALUE
$972,158
6% BelowMARKET VALUE
SUMMARY
This quadruplex presents a Strong Value Opportunity with a List Price of $910,000—positioned well below the $972,159 Fair Market Value by 6%. This valuation gap offers $62,159 in Instant Equity for the savvy buyer. Featuring a Fair Condition Rating and Separated Utilities, this asset provides a stable, scalable income stream. With its Uniform Unit Mix of four 2-bedroom units, it is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize rental performance in Los Angeles.
Estimated Market Value
$972,158+$62,158 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 209 E 62nd Subject | $910,000* List Price | 8 | 4 | 3,068 | $317 | - |
A 506 E 62nd Street Sold | $700,000 | 0 | 0 | 1,966 | $356 | 0.3 mi |
B 6118 S Main Active | $749,999 List Price | 6 | 5 | 2,560 | $293 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1962 (62 years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or major systems. The exterior shows significant weathering and the use of window AC units suggests a lack of modern central HVAC, indicating the building likely requires substantial rehabilitation and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- Uniform Unit Mix
The property consists of four identical 2-bedroom, 1-bathroom units, a highly desirable configuration that appeals to a wide tenant base and maximizes rental stability.
- Separated Utilities
Individual metering for gas and water across all four units significantly reduces landlord overhead and simplifies property management by shifting utility costs to tenants.
- Optimal Investment Scale
As a quadruplex, this asset qualifies for residential financing while providing four distinct income streams, offering an ideal balance of scalability and accessible lending terms.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1962, the property may require near-term capital expenditures for system upgrades, such as plumbing or electrical, to maintain modern safety and efficiency standards.
- Lack of Premium Amenities
The property lacks specialized views or modern architectural upgrades, which may limit the ability to command premium rents compared to newer or renovated developments in the area.
About 209 E 62nd
Excellent quadruplex investment opportunity located in Los Angeles, featuring 4 separate units, each offering 2 bedrooms and 1 bathroom, for a total of 8 bedrooms and 4 bathrooms. Each unit is separately metered for gas and water, providing convenient utility separation for ownership and management. The property offers a functional unit mix and strong potential for an investor looking to add a multifamily property to their portfolio.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 5,118 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.6 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,068 | 2,187.451 |
| Lot Size | 5,118 | 5,841.385 |
| Price | $910.0K | $841.5K |
| Price per sq ft | $297 | $385 |
| Built year | 1962 | 1928 |
| HOA | $0 | $0 |
| Days on market | 23 | 85 |
Pricing History
Listed for Sale
Aug 17, 2026
$910,000
Initial Listing
Sold
May 6, 1994
$222,000
Public Record