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671 W 62nd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

671 W 62nd Street, Los Angeles, California 90044 home-pic-0
ACTIVE$1,580,000
671 W 62nd Street, Los Angeles, California 90044
0Bed
0Bath
3,640Sqft
5,402Lot
Year Built
2021
Close
-
List price
$1.58M
Original List price
$1.58M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
RS25056495
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.58M(94th), sqft - 3640(84th), beds - undefined(50th), baths - undefined(50th).

High-Yield Investment Property Minutes from Downtown LA! Discover a rare opportunity to own a modern, high-income multi-unit property in one of Los Angeles' most dynamic rental markets! Built in 2020, this impressive 3,640 sq. ft. residence sits on a 5,400 sq. ft. lot, offering both prime location and exceptional rental potential. Featuring two spacious units, each with 5 bedrooms and 3 bathrooms, this property provides ample living space for tenants seeking comfort and convenience. Just minutes from USC, the LA Convention Center, and major employment hubs, it attracts steady rental demand from students, professionals, and families alike. With a total of 10 bedrooms and 6 bathrooms, this well-maintained, professionally managed investment promises strong cash flow and long-term appreciation. Plus, its proximity to top universities, business districts, and entertainment hotspots ensures a consistent stream of tenants. Whether you're an investor looking to maximize rental income or seeking a strategic addition to your portfolio, this turnkey property is a must-see. Don’t miss out—schedule your private tour today!

Nearby schools

3/10
Sixty-First Street Elementary School
Public,•K-6•0.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.4mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.5mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
2/10
Main Street Elementary School
Public,•K-5•1.0mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.1mi
2/10
Western Avenue Elementary School
Public,•K-5•1.5mi
2/10
John Muir Middle School
Public,•6-8•0.4mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.7mi
5/10
Santee Education Complex
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•4.4mi

Price History

Date
Event
Price
06/21/21
Sold
$1,150,000
07/16/20
Sold
$265,000
Condition Rating
Excellent
This property was built in 2021, making it virtually new and well within the 'Excellent' criteria for age. The images confirm a modern aesthetic throughout, with new LVP flooring, recessed lighting, and fresh paint. The kitchens feature contemporary dark shaker cabinets, granite-look countertops, subway tile backsplashes, and new white appliances. Bathrooms are equally modern with tiled floors, updated vanities, and clean shower/tub combinations with textured tile surrounds. There is no visible deferred maintenance, and all components appear to meet current quality standards.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Modern Construction: Built in 2021, this property offers contemporary design, reduced immediate maintenance needs, and adherence to current building codes, appealing to modern tenants.
High-Income Multi-Unit Configuration: As a duplex with two 5-bedroom, 3-bathroom units (10 beds/6 baths total), it is optimally configured for maximizing rental income in a high-demand urban market.
Strategic Rental Market Location: Situated minutes from USC, Downtown LA, the LA Convention Center, and major employment hubs, ensuring robust and diverse tenant demand from students, professionals, and families.
Strong Investment Potential: Positioned for significant cash flow and long-term appreciation, supported by its modern build and location in a dynamic Los Angeles rental market.
Turnkey & Managed Asset: Described as well-maintained and professionally managed, offering a hassle-free, ready-to-operate investment for new or experienced landlords.

Cons

Lack of Scenic Views: The property does not offer any specific scenic views, which could limit its appeal to certain tenant demographics or future resale value compared to properties with desirable vistas.
High Occupancy Density: The 5-bedroom per unit configuration, while maximizing income, may lead to higher wear and tear, increased tenant turnover, and potentially more intensive property management requirements.
Limited Outdoor Space: With a 3,640 sq ft building on a 5,402 sq ft lot, the property likely offers minimal private outdoor space, which could be a disadvantage for tenants seeking yards or larger recreational areas.

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