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Back 1502 West 62nd Street
Off Market

1502 West 62nd Street

Los Angeles CA 90047

6
6
8
2652 sq. ft.
10154 sq. ft.
Other
Last sold for $800,000
George MoralesGeorge Morales, last sold this property on 30 April 2026 after 162 days on market.

Overview

Offered at $138,167 per unit, 1502 W. 62nd Street is a value-add South Los Angeles multifamily opportunity with strong income and rental upside, comparing favorably to recent sales. The property sits on a 10,000+ SF lot, offering immediate functionality and future development potential. Buyers are encouraged to verify the ability to add one or more ADUs, which could further increase cash flow. Built in 1927, the property consists of six (6) 1-bedroom units averaging approximately 442 SF each. One vacant unit ready for the new owner to immediately generate income. The single-story bungalow-style layout features classic architectural details, including arched entryways, stucco facades, and private entrances. The fully gated complex is centered around a wide walkway, creating a quiet residential setting. Amenities include six (6) one-car garage, 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 offers convenient access to schools, shopping, and local services, making it a solid long-term investment with upside.

Features

6 bedrooms
6 bathrooms
8 carspaces
6 garage spaces
2652 sq. ft. floor area
10154 sq. ft. lot size
Other

Estimated Value

Based on this property and similar 6 bedroom other properties sold in Los Angeles over the last 12 months, the estimated median property value of 1502 West 62nd Street is $860k.

Median value
$860k
Estimated value range
$790k - $1m
Median days on market
58
Estimated value trend
-15%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1502 West 62nd Street

2026
Sold
$800,000
30 Apr 2026 by George Morales, of Compass

Happy sellers in Los Angeles

100%
100% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for 6 bedroom other properties in Los Angeles

In the last 12 months, 4 six-bedroom other properties similar to 1502 West 62nd Street, have been sold.

This represents a 150% decrease in six-bedroom other properties sales when compared to the previous 12 months.

Nearby agents

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Meredith Gruszka

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