$999,800
-$98,200340 W 62nd Street, Los Angeles CA 90003
Multi-Family (5 Units)
Property type
91 days
On market
$243
Price per sqft
10 cars
Garage
1915
Year built
8,155 sqft
Lot size
Home highlights
Open Houses
Overview
Corner property has two address: House = 340 w. 62nd St & 4 units = 6210 Grand Ave. All units are 2 bedrooms & 1 bath. House & 2 units had been upgraded. Property is very private secured gate & fences with lock access. Property is well-maintained. Property has camera system in common area and parking areas. Property has many lights and well led at night. Total 10...
Listing provided by: Tony Lee DRE #01034072 562-688-2505, Elite Homes Realty
Listing updated: May 1, 2026 at 08:15pm.
Last checked: Jun 4, 2026 at 03:30pm
Source: CRMLS #OC26017109
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 2 | $2,250 | $2,250 | $2,300 | Unfurnished |
| 1 | 2 | 1 | 2 | $1,430 | $1,430 | $2,300 | Unfurnished |
| 1 | 2 | 1 | 2 | $1,198 | $1,198 | $2,300 | Unfurnished |
| 1 | 2 | 1 | 2 | $2,200 | $2,200 | $2,300 | Unfurnished |
| 1 | 2 | 1 | 2 | $973 | $973 | $2,300 | Unfurnished |
# of Buildings: 2
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Total Actual Rent: $6,674
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.3x
List Price / Annual Gross Rent
Cap Rate
7.16%
NOI / List Price
Gross Scheduled Income: $96,612
Vacancy Allowance: $0
Vacancy Allowance Rate: 0%
Operating Expense: $25,005
Net Operating Income: $71,607
Annual Operating Expenses
Cable TV: $0
Electric: $0
Furniture Replacement: $0
Gardener: $0
Insurance: $3,779
Licenses: $300
Maintenance: $0
New Taxes: $14,375
Pest Control: $0
Pool: $0
Professional Management: $0
Trash: $3,193
Water / Sewer: $3,358
Interior
Interior Features: All Bedrooms Down, French Doors Atrium Doors
Room Type: Bedroom
Flooring: Vinyl
Cooling: None
Heating: Wall Furnace
Fireplace: None
Laundry: None
Accessibility: Parking
Entry Location: 1
Exterior
Architectural Style: Bungalow
Property Attached: Yes
Stories Total: 2
Levels: Two
Door Features: Atrium Doors
Roof: Shingle
Foundation: Raised, Slab
Window Features: Blinds
Construction Materials: Frame
Property Condition: Repairs Cosmetic
Exterior: Lighting
Common Walls: One Common Wall
Direction Faces: West
Security Features: Closed Circuit Cameras, Security Gate, Smoke Detectors, Security Lights, Window Bars
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Fencing: Chain Link
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
View: None
Road Frontage Type: City Street
Garage and Parking
Parking: Assigned
Garage Spaces: 10
Uncovered Spaces: 0
Carport Spaces: 0
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 6005003044
Additional Parcels: No
Tax Lot: 40
Zoning: LAR2
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 340 W 62nd Street, Los Angeles, CA 90003. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$799,840
Total Interest
$1,020,152
Total Payment
$1,819,992
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,247
per month
Property History for 340 W 62nd Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90003.
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