16
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$829,000
Est. payment /mo
10,153 Sqft Lot
New
1502 W 62nd ST Los Angeles, CA 90047
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26639745
HOA Y/N No
Year Built 1927
Lot Size 10,153 Sqft
Property Description
Offered at $138,167 per unit, 1502 W. 62nd Street is a value-add South Los Angeles multifamily opportunity with strong income and rental upside, comparing favorably to recent sales. The property sits on a 10,000+ SF lot, offering immediate functionality and future development potential. Buyers are encouraged to verify the ability to add one or more ADUs, which could further increase cash flow. Built in 1927, the property consists of six (6) 1-bedroom units averaging approximately 442 SF each. One vacant unit ready for the new owner to immediately generate income. The single-story bungalow-style layout features classic architectural details, including arched entryways, stucco facades, and private entrances. The fully gated complex is centered around a wide walkway, creating a quiet residential setting. Amenities include six (6) one-car garage, mature shade trees, open green space, and a large shared yard that enhances tenant appeal. Located in an established South Los Angeles neighborhood, the property offers convenient access to schools, shopping, and local services, making it a solid long-term investment with upside.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 8
Building
Story 1
Others
Tax ID 6002027029
Security Features Gated Community
Special Listing Condition Standard
Listed by George Morales Compass
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