1502 W 62nd Street, Los Angeles, CA 90047

• 2,652 sqft

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

Listing Status:

Active

Date Added:

November 18, 2025 at 06:00AM

Listing Office:

Compass : 310-230-5478

Listing Agent:

Max Berger : 818-321-4972

MLS ID:

CL25620441

Interior

• Laundry: Common Area

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: LAR16002027029
• View: None

This listing courtesy of Max Berger, Compass