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.
Listed by Jocelyn Guardado
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License #02090648
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Compass
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818-233-5027
Last updated October 17, 2025
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Source: CRMLS #25566405
Listing Facts
TypeMulti-family
NeighborhoodVermont - Slauson
Bedrooms18
Days on Prevu98
Size21,812 sqft
Price per sqft$229
Location
Mortgage Calculator
Listing History
10/17/2025
Status changed to Active
$4,999,000
10/17/2025
Status changed to Expired
$4,999,000
10/16/2025
Status changed to Removed from Feed
$4,999,000
09/18/2025
Status changed to Active
$4,999,000
09/09/2025
Status changed to Canceled
$4,999,000
09/05/2025
Status changed to Removed from Feed
$4,999,000
09/05/2025
Status changed to Active
$4,999,000
09/04/2025
Status changed to Removed from Feed
$4,999,000
09/01/2025
Status changed to Active
$4,999,000
08/29/2025
Status changed to Removed from Feed
$4,999,000
07/17/2025
Listed by Compass
$4,999,000
Property Details for 505 W 62nd Street
Exterior
Construction
Number Of Units Total: 25
Stories: 2
Year Built: 1925
Measurements
Building Area Total: 21,812
Lot Size Acres: 0.31
Lot Size Area: 13,504
Lot Size Square Feet: 13,504
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.5
Gross Income: $428,663.00
Taxes
Parcel Number: 6004025031
Interior
Measurements
Living Area: 21,812
Rooms
Bathrooms Total Integer: 16
Bedrooms Total: 18
Parking
Parking
Parking Features: On Street
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.