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Residential Property with Income Potential
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340 W 62nd Street, Los Angeles, CA 90003

Residential property featuring a house and four rental units.

Property SizeContact for details
Days on Market165

Property Features for 340 W 62nd Street

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Building Details

Buildings 2
Stories 2
Units 5
Listing Agency: Elite Homes Realty
Listed By: Tony Lee · License #01034072
Source: Crexi
Added: Mar 4 Changed: Aug 7 Last Checked: Aug 13 at 9:40AM

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 Elite Homes Realty

Investment Insights

Based on property information with market context.

This corner property includes a house at 340 W. 62nd St and a four-unit building at 6210 Grand Ave. Each of the four units contains two bedrooms and one bathroom. The house and two of the units have been upgraded. The property is secured by gates and fences with lock access. A camera system monitors the common areas and parking areas. The property is well-lit at night. There are a total of 10 parking spaces, with 4 spaces in the front and 6 in the back, providing 2 parking spaces for each unit.

Key Highlights

  • Secured property with gated access, fences, and camera system.
  • Corner property featuring a house and a 4‑unit building.
  • Enjoy ample lighting and a well‑maintained property.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,462
Businesses Nearby

Demographics for 90003, CA

72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Residential property featuring a house and four rental units.
Where is this apartment building located?
The property is located at 340 W 62nd Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Secured property with gated access, fences, and camera system.; Corner property featuring a house and a 4‑unit building.; Enjoy ample lighting and a well‑maintained property.
(714) 820-4030 Call to check price and availability
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