Skip to main content

Multifamily

815 W 62nd Pl

815 W 62nd Pl, Los Angeles, CA 90044

Listing Price: $995,000

Cap Rate
6.76%
Number of Units
5
GRM
9.57
Occupancy
100.0%
Price/Unit
$199,000
Price/Gross SF
$373.50
Gross SF
2,664

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. The property boast a going in 6.76% cap rate and a 9.57 GRM with upside potential. At market rents the property boast a 8.56% cap rate and an 8 GRM. A new owner can benefit from a low price point, high income, with room to push rents estimated 20%+. The property is located off of Hoover St and Gage Ave just west of the 110 Freeway. This are has experienced massive rental growth in the past 24 months and is projected to outperform other submarkets due to low new construction. For an investor looking for high income, a low price point, and future appreciation, look no further.

Investment Highlights

  • Low Price Per Unit
  • One Unit Will Be Delivered Vacant
  • 6.76% CAP | 9.57 GRM
  • Partially Renovated

Exclusively Listed By

Financing By

Multifamily

815 W 62nd Pl

Listing Price: $995,000

Cap Rate
6.76%
Number of Units
5
GRM
9.57
Occupancy
100.0%
Price/Unit
$199,000
Price/Gross SF
$373.50
Gross SF
2,664

Investment Highlights

  • Low Price Per Unit
  • One Unit Will Be Delivered Vacant
  • 6.76% CAP | 9.57 GRM
  • Partially Renovated

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in South Los Angeles. The property boast a going in 6.76% cap rate and a 9.57 GRM with upside potential. At market rents the property boast a 8.56% cap rate and an 8 GRM. A new owner can benefit from a low price point, high income, with room to push rents estimated 20%+. The property is located off of Hoover St and Gage Ave just west of the 110 Freeway. This are has experienced massive rental growth in the past 24 months and is projected to outperform other submarkets due to low new construction. For an investor looking for high income, a low price point, and future appreciation, look no further.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower