1844 E 62nd Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$690,000
1844 E 62nd Street, Los Angeles, California 90001
0Bed
0Bath
2,870Sqft
6,891Lot
Year Built
1938
Close
-
List price
$690K
Original List price
$690K
Price/Sqft
$240
HOA
-
Days on market
-
Sold On
-
MLS number
MB25067747
Home ConditionPoor
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $690.0K(50th), sqft - 2870(93th), beds - undefined(50th), baths - undefined(50th).
Charming Big lot Zone LCR4 Triplex Property. Great investment opportunity. Front unit is 3 bedrooms 1 bath with Living Area & open dining / kitchen. Rear east Unit is 2 bedrooms 1 bath plus front of unit with open gated area. Rear west unit is 3 bedrooms 2 baths with big front carport. 5 parking spaces 2 in carport and 3 tandem parking spaces. Potential Renovation Or build major project. It’s within walking distance to schools, parks, shopping, restaurants, and public transportation. Centrally located by all major freeways. Great investment opportunity.
Price History
Date
Event
Price
07/18/25
Sold
$660,000
01/17/23
Sold
$530,000
Condition Rating
Poor
Built in 1938, this property shows significant signs of age and deferred maintenance. The kitchens and bathrooms are extremely dated, featuring old cabinets, laminate countertops, basic linoleum/vinyl flooring, and very old appliances (e.g., coil-top electric ranges, older refrigerators). Bathroom fixtures are also outdated. The property description explicitly mentions 'Potential Renovation' and the need for 'significant capital expenditure for system upgrades,' indicating substantial rehabilitation is required to meet modern standards and address likely issues with major systems (plumbing, electrical, HVAC).
Pros & Cons
Pros
Strong Investment Opportunity: As a triplex property, it offers multiple income streams, making it a robust investment vehicle for generating rental revenue.
Significant Development Potential: Zoned LCR4 with a large lot, the property presents a substantial opportunity for future renovation or a major redevelopment project, enhancing long-term value.
Excellent Walkability & Accessibility: Its prime location within walking distance to essential amenities (schools, parks, shopping, public transportation) and proximity to major freeways ensures high tenant demand and convenience.
Ample On-Site Parking: The provision of 5 parking spaces, including a carport and tandem spots, is a significant advantage in a dense urban area like Los Angeles, appealing to tenants.
Diverse Unit Mix: Offering a variety of unit sizes (3-bed/1-bath, 2-bed/1-bath, 3-bed/2-bath) caters to a broader tenant demographic, potentially reducing vacancy risk.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-07-18. The sold price is $660,000.00.
Age of Property & Potential for Deferred Maintenance: Built in 1938, the property is likely to require significant capital expenditure for system upgrades (plumbing, electrical, HVAC) and general modernization to meet current market standards.
Implied Renovation Requirement: The description explicitly mentions 'Potential Renovation,' indicating that substantial investment will be necessary to maximize rental income or achieve optimal resale value.
Lack of Modern Amenities/Updates: While described as 'charming,' the absence of specific details regarding recent renovations or modern features suggests that interior finishes and amenities may be dated, potentially impacting tenant appeal without upgrades.