CA > Los Angeles
Los Angeles, CA 90044,505 W 62nd ST
Los Angeles, CA 90044,505 W 62nd ST
Los Angeles, CA 90044,505 W 62nd ST
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Diego Magdaleno

Diego Magdaleno

+1(714) 676-7271
$4,999,000
Est. payment /mo
18 Beds
16 Baths
21,812 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 21,812 sqft

Price per Sqft $229

MLS Listing ID 25566405

Bedrooms 18

HOA Y/N No

Year Built 1925

Lot Size 0.310 Acres

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 C42 - Downtown L.A.

Zoning LAC2

Interior

Cooling None

Fireplace No

Exterior

Parking Features On Street

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6004025031

Financing Cash,Conventional,FHA

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Jocelyn Guardado Compass
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