6 Units @ $900,000 & 11.11 GRM & 40% Upside 1502 W 62nd St 6 Lot Offre d’immeuble d’habitation à 769 068 € à un taux de capitalisation de 5,48 % Los Angeles, CA 90047

Offered at just $150,000 per unit, 1500 W. 62nd Street is a rare South LA multifamily investment that immediately pencils compared to recent sales comps. This property offers 41% rental upside, with clear long-term potential, stabilizing at a 9.15 percent CAP and 7.79 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 façades, and private front doors for every tenant. 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. In a challenging environment for acquisitions, 1500 W. 62nd proves that well-priced, well-positioned opportunities still exist in Los Angeles.