Request More Info
Schedule a Showing
Share
Print
|
Offered at just $141,667 per unit, 1500 W. 62nd Street is a South LA multifamily investment that immediately pencils compared to recent sales comps. This property offers approx. 41% rental upside, with clear long-term potential, stabilizing at a 9.76% CAP and 7.36 GRM once rents are brought to market. The property sits on a sprawling 10,000+ SF lot, creating both functionality and future opportunity. Buyers should verify the potential to add one or more ADUs, which could provide additional cash flow on top of the already strong in-place income. Built in 1927, 1500 W. 62nd features (6) 1-bdrm. units that average approx. 442 SF each. Comprising multiple single-story bungalow-style units, the property carries vintage charm, with arched entryways, stucco faades, and private entrances for each unit. The bungalow-style complex is fully gated, and a wide central walkway connects each residence. Mature shade trees, open green spaces, and a large yard enhance the overall livability. Property amenities include a detached structure at the rear including (6) 1-car garages and community laundry. The property sits within a well-established South LA neighborhood, surrounded by schools, shopping corridors, and community amenities. In addition, it is approx. 2 miles from major Inglewood employers including SoFi Stadium, the Forum, and the newly built InTuit Dome.
Property Type(s):
Residential Income
| Last Updated | 11/18/2025 | Year Built | 1927 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | Garage Spaces | 6.0 |
| County | Los Angeles |
Additional Details
| AREA | C34 - Los Angeles Southwest |
|---|---|
| GARAGE | Yes |
| LOT | 10154 sq ft |
| PARKING | Garage |
| STORIES | 1 |
| STYLE | Bungalow |
| VIEW DESCRIPTION | None |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email