Commercial Building on High-Traffic
1855 E 62nd Los Angeles, CA 90001
For Sale
$600,000
Commercial concrete block building with business and storage space.
Property Size2,100 SF
Lot Size0.15 Acres
Price / SF$285.71
Days on Market94
Property Features for 1855 E 62nd
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.15 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency:
(323) 485-4518
Listed By:
"NINO" CEFERINO ZEPEDA · License #01880762
(323) 485-4518
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of "NINO" CEFERINO ZEPEDA
Investment Insights
Based on property information with market context.
Located at 1855 E 62nd St in Los Angeles, this commercial concrete block building is situated between the high-traffic Slauson and Gage Avenues, near large swap meets. Built in 1957, the one-story building offers approximately 2,100 square feet of space on a 6,708-square-foot lot with 51 feet of frontage on 62nd Street. The property is zoned LCM3 and suitable for manufacturing (light). The property features a large, new wrought iron gate and parking space for more than 10 vehicles. The property is currently intended for investment or owner-user. The location has a walk score of 95, indicating it is a Walker's Paradise, a transit score of 60, indicating good transit options, and a bike score of 58, indicating it is bikeable. The property could be sold together with the adjacent property to the east at 1861 E 62nd St. The adjacent property has RV and lunch truck manufacturers as co-tenants, offices, and a wrought iron shop as a rear tenant. Both tenants have been there for many years and there is plenty of storage and parking.
Key Highlights
- High Walk Score (95): Walker's Paradise
- Strategic Location on E 62nd St between Slauson and Gage Ave
- Investment or Owner‑User Opportunity
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $18.96 |
| − Vacancy | −$2.5k | −$1.21 |
| EGI | $37.3k | $17.75 |
| − OpEx | −$11.2k | −$5.32 |
| NOI | $26.1k | $12.42 |
2,100 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$372.7K
$326.1K – $434.8K
NOI $26,087 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.54M
$37.23M – $49.64M
NOI $2,978,132 @ 7.0% cap · market cap 496.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Service Plating Co ...
Factory
FAQs
What type of property is this?
Industrial property - Commercial concrete block building with business and storage space.
Where is this industrial property located?
The property is located at 1855 E 62nd Los Angeles, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High Walk Score (95): Walker's Paradise; Strategic Location on E 62nd St between Slauson and Gage Ave; Investment or Owner‑User Opportunity
