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Two-Tenant Building on Corner Lot

1861 E 62nd, Los Angeles, CA 90001

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For Sale

$600,000

Two-tenant building on a corner lot with parking.

Type:Commercial

Property size:

2,216 SF

Lot size:

0.15 Acres

Price / SF:

$270/SF

Listing Contact

"NINO" CEFERINO ZEPEDA

Real Estate License ID: 01880762

HighLights

High Walk Score (95): Situated in a "Walker's Paradise," indicating excellent walkability and access to amenities.
Fully Leased Investment Property: Currently 100% leased, providing immediate income for investors.
Strategic Corner Lot Location: Located on a corner lot between Slauson and Gage Ave, benefiting from high traffic volume and exposure.
Ample Parking: Offers parking for 10+ vehicles, accommodating clients and tenants.
Mixed‑Use Zoning (LCM3*): Allows for a variety of commercial, office, and residential uses, providing flexibility.
Proximity to Adjacent Property for Sale: Opportunity to expand business operations by acquiring the adjacent property at 1855 E 62nd St.

Learn more

For Sale

$600,000

Two-tenant building on a corner lot with parking.

Type:Commercial

Property size:

2,216 SF

Lot size:

0.15 Acres

Price / SF:

$270/SF

Added:: Apr 24, 2026
Days on Market:: 48
Last Refresh:: Apr 24 at 3:10 pm

Property Features for 1861 E 62nd

General Information

Standard status: Active
Size: 2,216 SF
Lot size: 0.15 Acres
Property subtype: Commercial

Building Details

Year Built: 1914

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Listing Contact

"NINO" CEFERINO ZEPEDA

Listing agent "NINO" CEFERINO ZEPEDA License #01880762

Listing office

Listing date Apr 24, 2026

Source Elliman

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

HighLights

High Walk Score (95): Situated in a "Walker's Paradise," indicating excellent walkability and access to amenities.
Fully Leased Investment Property: Currently 100% leased, providing immediate income for investors.
Strategic Corner Lot Location: Located on a corner lot between Slauson and Gage Ave, benefiting from high traffic volume and exposure.
Ample Parking: Offers parking for 10+ vehicles, accommodating clients and tenants.
Mixed‑Use Zoning (LCM3*): Allows for a variety of commercial, office, and residential uses, providing flexibility.
Proximity to Adjacent Property for Sale: Opportunity to expand business operations by acquiring the adjacent property at 1855 E 62nd St.

Overview

This two-tenant building is located at 1861 E 62nd St, situated between Slauson and Gage Ave. The corner lot property is currently occupied by an RV manufacturer and a lunch truck manufacturer. The property includes office spaces. The rear tenant is a wrought iron shop. Storage areas are available. The property has parking for clients' vehicles. Constructed in 1914, the one-story building has a Class C rating. The building size is 2,216 square feet, situated on a 6,708 square foot lot. The property has 51 feet of frontage on 62nd Street. The property is 100% leased. The zoning is LCM3*, supporting commercial, office, and residential mixed uses. The property has a Walk Score of 95, indicating it is a Walker's Paradise, a Bike Score of 58, indicating it is Bikeable, and a Transit Score of 60, indicating Good Transit.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.2k	$38.88
− Vacancy	−$16.0k	−$7.23
EGI	$70.1k	$31.65
− OpEx	−$17.5k	−$7.91
NOI	$52.6k	$23.74

2,216 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use

Office B

$751.4K

$657.5K – $876.7K (±1% cap)

NOI $52,600 @ 7.0% cap · market cap 8.77%

Second Best

Retail

$734.7K

$642.8K – $857.1K (±1% cap)

NOI $51,427 @ 7.0% cap · market cap 8.57%

Theoretical Best

Multifamily LT 5

$44.89M

$39.28M – $52.38M (±1% cap)

NOI $3,142,638 @ 7.0% cap · market cap 523.77%

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

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.2391544
Latitude: 33.9839614

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What type of property is this?

Mixed-use property - Two-tenant building on a corner lot with parking.

Where is this mixed-use property located?

The property is located at 1861 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): Situated in a "Walker's Paradise," indicating excellent walkability and access to amenities.; Fully Leased Investment Property: Currently 100% leased, providing immediate income for investors.; Strategic Corner Lot Location: Located on a corner lot between Slauson and Gage Ave, benefiting from high traffic volume and exposure.