Renovated 5-Unit Apartment
For Sale
Contact for pricing
815 W 62nd Pl, Los Angeles, CA 90044
Remodeled 5-unit building with a mix of four 1-bedroom and one 2-bedroom units, including 80% Section 8 occupancy.
Property SizeContact for details
Days on Market122
Property Features for 815 W 62nd Pl
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
80%
Financials
Cap Rate
4.77%
Business Included
Yes
Additional Details
Multifamily Units
5
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 729-1559
Listed By:
Aaron Jacobson · License #02100737
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
815 W 62nd Pl is a remodeled 5-unit apartment building with a unit mix of four 1-bedroom/1-bath apartments and one 2-bedroom/1-bath apartment. Public remarks indicate 80% of the property is currently rented with Section 8.
The offering is described as cash-flowing, with the provided metrics showing pricing at 13.34 GRM and a 4.77% cap rate. The same materials project potential to operate at a 7.66% cap rate and 9.54 GRM.
The property is located in the 90044 zip code area, with proximity described as about 2 miles from USC and less than 3 miles from Inglewood, plus walking distance to local restaurants and grocery markets.
The offering is described as cash-flowing, with the provided metrics showing pricing at 13.34 GRM and a 4.77% cap rate. The same materials project potential to operate at a 7.66% cap rate and 9.54 GRM.
The property is located in the 90044 zip code area, with proximity described as about 2 miles from USC and less than 3 miles from Inglewood, plus walking distance to local restaurants and grocery markets.
Key Highlights
- Remodeled 5‑unit apartment building with (4) 1 bed/1 bath units and (1) 2 bed/1 bath unit
- 80% of units rented with Section 8 (4 of 5 units)
- Current pricing: 13.34 GRM and 4.77% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
80%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled 5-unit building with a mix of four 1-bedroom and one 2-bedroom units, including 80% Section 8 occupancy.
Where is this apartment building located?
The property is located at 815 W 62nd Pl Los Angeles, CA.
What are key features of this property?
This property features: Remodeled 5‑unit apartment building with (4) 1 bed/1 bath units and (1) 2 bed/1 bath unit; 80% of units rented with Section 8 (4 of 5 units); Current pricing: 13.34 GRM and 4.77% cap rate
