505 62nd Street, Los Angeles, CA 90044
  • MLS#: 25566405 ( )
  • Street Address: 505 62nd Street
  • Viewed: 2
  • Price: $4,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 1
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90044
  • Provided by: Compass
  • Contact: Jocelyn Jocelyn
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 21812.00
Cooling
  1. None
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 178663.00
Parcel Number
  1. 6004025031
Parking Features
  1. Street
Postalcodeplus4
  1. 5425
Sourcesystemkey
  1. 25566405:CLAW
Totalexpenses
  1. 250000.00
Year Built
  1. 1925
Zoning
  1. LAC2