SoldApr 30, 2026

Listed and Bought with George Morales

Source: Combined LA Westside Multiple Listing Service, Inc #26639731

1502 West 62nd Street, Los Angeles, CA, 90047

$800,000

6
6
8
2652 sq. ft.
10154 sq. ft.

Other

30+ days on the market

Sold: Apr 30, 2026

What's around 1502 West 62nd Street

About this property

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.

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