Los Angeles, CA 90044,505 W 62nd St
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Los Angeles, CA 90044,505 W 62nd St
Los Angeles, CA 90044,505 W 62nd St
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$ 4,999,000
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505 W 62nd St Los Angeles, CA 90044

18 Beds

16 Baths

21,812 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,812 sqft

Price per Sqft $229

MLS Listing ID 25566405

Bedrooms 18

Year Built 1925

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi-Family

Property Description

Rare opportunity to own a charming early 20th- century brick building in the heart of Los Angeles! 505 W. 62nd St. features classic Beaux- Arts- inspired architecture with original brickwork, tall industrial windows, and spacious commercial- style units. Situated on a wide street lined with iconic palm trees, this property captures the authentic vintage character of old LA. Currently generating strong rental income with a high cap rate and upside potential, this asset is ideal for investors seeking stable cash flow with value-add opportunities. Zoned for mixed-use with flexible layout options, the building offers creative potential for live/work conversions, artist studios, or modernized commercial spaces. Conveniently located near major freeways (110 & 105), public transit, and minutes from DTLA, USC, and the Coliseum. Don't miss your chance to own a piece of LA history while maximizing your returns in a rapidly evolving neighborhood.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Equipment None

Exterior

Parking Features On street

Building

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

GET MORE INFORMATION

Name

Phone*

Message

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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