CA > Los Angeles
Los Angeles, CA 90047,1502 W 62nd St
Los Angeles, CA 90047,1502 W 62nd St
Los Angeles, CA 90047,1502 W 62nd St
7
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$850,000
Est. payment /mo
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6 Beds
6 Baths
2,652 SqFt
New

1502 W 62nd St Los Angeles, CA 90047

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Gwendolyn Thomas

Gwendolyn Thomas

+1(702) 265-5005

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,652 sqft

Price per Sqft $320

MLS Listing ID 25620441

Style Bungalow

Bedrooms 6

Year Built 1927

Lot Size 10,154 Sqft

Property Sub-Type Multi-Family

Property 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 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 amenities include a detached structure at the rear including (6) 1-car garages and community laundry. The property sits within a well-established South LA neighborhood, surrounded by schools, shopping corridors, and community amenities. In addition, it is approx. 2 miles from major Inglewood employers including SoFi Stadium, the Forum, and the newly built InTuit Dome.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Community

Exterior

Parking Features Garage - 1 Car

Garage Spaces 6.0

View Y/N No

View None

Building

Story 1

Architectural Style Bungalow

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Compass

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Gwendolyn Thomas

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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1502 W 62nd St