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1502 W 62nd St
Los Angeles, CA 90047
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Value-add multifamily opportunity with strong in-place income and rental upside
- Located in an established South Los Angeles neighborhood near schools, shopping, and local services
- Situated on a 10,000+ SF lot with potential ADU upside (buyer to verify)
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $192,050 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,797 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1927 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | LAR1 - Multiple Dwelling | ||
| Price Per Unit | $192,050 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,797 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1927 |
| Opportunity Zone |
Yes |
| Zoning | LAR1 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Yard
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 442 |
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