Los Angeles, CA 90047,1502 W 62nd ST
Los Angeles, CA 90047,1502 W 62nd ST
Los Angeles, CA 90047,1502 W 62nd ST
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Willlie & Laurelle Wilson

Willlie & Laurelle Wilson

+1(760) 889-2800
$829,000
Est. payment /mo
6 Beds
6 Baths
2,652 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,652 sqft

Price per Sqft $312

MLS Listing ID 26639731

Bedrooms 6

HOA Y/N No

Year Built 1927

Lot Size 10,153 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR1

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 8

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6002027029

Special Listing Condition Standard

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CRMLS – RECore
Listed by George Morales Compass

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Willlie & Laurelle Wilson

Willlie & Laurelle Wilson

+1(760) 889-2800

Broker | CA BRE #017481127

Broker CA BRE #017481127

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