3
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$4,999,000
Est. payment /mo
21,812 SqFt
Active
505 W 62nd Street Los Angeles, CA 90044
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 21,812 sqft
Price per Sqft $229
MLS Listing ID CL25566405
HOA Y/N No
Year Built 1925
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Other
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
Zoning LAC2
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 6004025031
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Listed by Jocelyn Guardado • Compass
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289