1502 W 62nd Street, Los Angeles, CA 90047
List Price: $829K
Listing Status: Pending
0Days on Market: 41
6 Bedrooms · 6 Bathrooms · 2,652 sq ft
Property Type: ResidentialIncome
Year Built: 1927
Lot Size: 10,154 sq ft
Garage Spaces: 6
MLS Number: 26639731
About This Property
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.
Listing provided by: George Morales DRE #01984555 310-230-5478 georgemorales@compass.com, Compass
Source: CRMLS, MLS #: 26639731
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.