1502 W 62nd Street, Los Angeles, CA 90047

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
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:51 day(s) ago
  • Updated:December 20, 2025 at 03:43 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
Based on information from California Regional Multiple Listing Service, Inc. as of January 9, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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