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Listed by: Max Berger (818) 321-4972 DRE #02054048 | Compass (310) 230-5478
$850,000
6 Beds
6 Baths
2,652sqft
1502 W 62Nd St, Los Angeles, CA 90047
$850,000
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Multi Family
Built in 1927
$-- HOA
10,154 sqft lot
$321/sq.ft
Description
Offered at just $141,667 per unit, 1500 W. 62nd Street is a South LA multifamily investment that immediately pencils compared to recent sales comps. This property offers approx. 41% rental upside, with clear long-term potential, stabilizing at a 9.76% CAP and 7.36 GRM once rents are brought to market. The property sits on a sprawling 10,000+ SF lot, creating both functionality and future opportunity. Buyers should verify the potential to add one or more ADUs, which could provide additional cash flow on top of the already strong in-place income. Built in 1927, 1500 W. 62nd features (6) 1-bdrm. units that average approx. 442 SF each. Comprising multiple single-story bungalo...
Continue Reading- Houzeo last checked: 50 Minutes ago
- Listing updated: December 19, 2025 at 6:47 pm
- Source: California Regional MLS-CA | MLS#: 25620441
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1927
HOA Fees
-
Finished Area
2,652 sqft
Lot Size
10,154 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25620441
MLS Status
Active
Days on Market
32
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