505 W 62nd Street

Los Angeles , CA 90044

MLS#: 25566405

$4,999,000

Status: Active
Listing number: 25566405
Listing provided by: Compass
Listing agent phone: None
Last update: 2 days ago
On site: 10 days ago
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Property

Beds

18

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

21,812

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.

Features & Amenities

Interior

  • Total Bedrooms

    18

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential Income

Price

  • Sales Price

    $4,999,000

  • Sq. Footage

    21, 812

  • Price/SqFt

    $229

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Jocelyn Guardado , Compass

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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.

505 W 62nd Street

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