1502 W 62nd St Los Angeles, CA 90047
- Added:
- Jan 17, 2026
- Days on Market:
- 101
- Last Refresh:
- Apr 28 at 8:06 am
Property Features for 1502 W 62nd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR1
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 1
- Parking
- 8
- Parking features
- Garage
- Standard status
- Pending
- APN
- 6002-027-029
- Size
- 2,652 SF
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1927
- Floors in Building
- 1
- Number of units
- 6
Listing agent George Morales License #01984555 (323) 578-8423
Listing office Compass 9454 Wilshire Blvd. Suite 400, Los Angeles, CA (310) 230-5478
Listing date Jan 17, 2026
MLS# 26639731
Listing URL
Copyright © 2026 The MLS/CLAW. 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 Los Angeles Multifamily Opportunity
Offered at $138,167 per unit, this South Los Angeles multifamily property presents a value-add opportunity with strong income and rental upside, comparing favorably to recent sales. Situated on a lot exceeding 10,000 square feet, the property offers immediate functionality and potential for future development. Buyers can explore the possibility of adding one or more Accessory Dwelling Units (ADUs) to potentially increase cash flow. Constructed in 1927, the property comprises six 1-bedroom units, each averaging approximately 442 square feet. One unit is currently vacant, providing an immediate income opportunity for the new owner. The single-story bungalow-style layout showcases classic architectural details, including arched entryways, stucco facades, and private entrances. The fully gated complex is designed around a wide walkway, creating a quiet residential environment. Amenities include six one-car garages, 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 benefits from convenient access to schools, shopping, and local services, making it a solid long-term investment with upside. The zoning is LAR1. The lot size is 0.2331 acres and the property size is 2,652 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.302629
- Latitude
- 33.982992
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with income and 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 $829,000.
What are key features of this property?
This property features: Value‑add opportunity with strong income and rental upside potential.; One vacant unit ready for immediate income generation.; Potential for ADU development to further increase cash flow (buyer to verify).
