Commercial Building on High-Traffic
For Sale
$600,000
1855 E 62nd St, Los Angeles, CA 90001
Commercial concrete block building with business and storage space.
Property Size2,100 SF
Lot Size0.15 Acres
Price / SF$285.71
Days on Market185
Property Features for 1855 E 62nd St
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.15 Acres
Property subtype
Commercial/Industrial
Site & Location
Neighborhood
South Los Angeles
Building Details
Year Built
1957
Listing Agency:
CENTURY 21 REALTY MASTERS
(323) 722-7700
Listed By:
"NINO" CEFERINO ZEPEDA · License #01880762
(323) 485-4518
Source:
Exitrealty
Added: Apr 24
Changed: Oct 16
Last Checked: Oct 16 at 7:04AM
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 CENTURY 21 REALTY MASTERS
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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
Estimated NOI and Cap Rate
NOI / Yr
$26,087
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,740
$521.7K
Cap Rate 7%
$372,671
$372.7K
Cap Rate 9%
$289,856
$289.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$39.8K $18.96/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$37.3K $17.75/SF
− OpEx
−$11.2K −$5.32/SF
NOI
$26.1K $12.42/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,740
Cap Rate 7%
$372,671
Cap Rate 9%
$289,856
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
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 St 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
