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    1502 W 62Nd St Los Angeles, CA 90047

    Pending
    For Sale
    $850,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    2,652 SF
    Lot size:
    0.23 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 1502 W 62Nd St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAR1
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    6002-027-029
    Parking
    6
    Parking features
    Garage
    Size
    2,652 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1927
    Floors in Building
    1
    Number of units
    6

    Compass

    Listing agent Max Berger (310) 230-5478 License #02054048

    Listing date Dec 3, 2025

    MLS# 25620441 Listing URL

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South LA Multifamily Investment

    Located in South Los Angeles, this multifamily investment property at 1500 W. 62nd Street is offered at $141,667 per unit. The property presents an estimated 41% rental upside, with long-term potential to stabilize at a 9.76% capitalization rate and a 7.36 gross rent multiplier once rents reach market value. Situated on a lot exceeding 10,000 square feet, the property offers both functionality and future opportunities. Buyers may explore the potential to add one or more accessory dwelling units (ADUs) for additional cash flow. Constructed in 1927, the property consists of six one-bedroom units, each averaging approximately 442 square feet. The single-story bungalow-style units feature vintage charm, including arched entryways, stucco facades, and private entrances for each unit. The gated complex includes a wide central walkway connecting each residence. Mature shade trees, open green spaces, and a large yard enhance the overall living environment. Property amenities include a detached structure at the rear with six one-car garages and community laundry. The property is located in a well-established South Los Angeles neighborhood, near schools, shopping areas, and community amenities. It is also approximately 2 miles from major Inglewood employers, including SoFi Stadium, the Forum, and the Intuit Dome.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.302629
    Latitude
    33.982992

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in South LA with rental upside potential.
    Where is this apartment building located?
    The property is located at 1502 W 62Nd St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Significant rental upside (approx. 41%) with potential to stabilize at a 9.76% CAP and 7.36 GRM.; - Large 10,000+ SF lot with potential for adding ADUs.; - Priced at $141,667 per unit, offering immediate positive cash flow.
    (310) 230-5478
    Request Owner's contact information
    1502 W 62Nd St Los Angeles, CA 90047
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    Los Angeles, CA 90047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1502 W 62Nd St Los Angeles, CA 90047
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