1502 W 62nd Street, Los Angeles, CA 90047

Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1502 W 62nd Street,Los Angeles, CA 90047
$850,000
  • 6 Beds
  • 6 Baths
  • 2,652 sq. ft.
  • Multi-family
  • Active
Listed by: max berger
Office: compass
MLS#:25620441
Source:CRMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$320.51

About this home

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 bungalow-style units, the property carries vintage charm, with arched entryways, stucco faades, and private entrances for each unit. The bungalow-style complex is fully gated, and a wide central walkway connects each residence. Mature shade trees, open green spaces, and a large yard enhance the overall livability. Property

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Home facts

  • Year built:1927
  • Listing ID #:25620441
  • Added:1 day(s) ago
  • Updated:November 19, 2025 at 01:28 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:2,652 sq. ft.

Structure and exterior

  • Year built:1927
  • Building area:2,652 sq. ft.
  • Lot area:0.23 Acres

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$320.51
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