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… Read More 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. Read Less
Property listed by Compass, George Morales 310-230-5478
Listing Snapshot
Days Online
8
Last Updated
Beds
6
Square Ft.
2,652
Lot Size
0.23 Acres
Year Built
1927
MLS Number
26639731
Additional Details
Building
Built in 1927, Living area: 2652.0, 3 buildings, 1 storey, Levels: One
Cooling
None
Disclosures
RentControl
Garage
6 spaces
Heating
WallFurnace
Income
Net Operating Income: $24,825
Lot
0.2331 acres, Dimensions: 80x126
Parking
8 total parking spaces
Taxes
Parcel Number: 6002027029, Zoning: LAR1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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