506 E 62nd St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $4,127/month
Highlights
- No HOA
- 1-Story Property
- 1-minute walk to Avalon and Gage Park
- No Heating
About This Home
Excellent opportunity to own two detached homes on one lot in the heart of Los Angeles. Offering approximately 1,966 square feet of living space on a 5,401 square foot lot, this versatile duplex is ideal for investors, multigenerational living, or buyers looking to live in one unit while renting out the other. The front home features 3 bedrooms and 2 bathrooms, while the rear unit offers 2 bedrooms and 1 bathroom. Both units have their own private parking areas, creating additional convenience and privacy for tenants or owner-occupants alike. The property also features a long driveway, a storage shed in the rear, and a newer roof installed approximately 2 years ago. Inside, you’ll find spacious layouts, updated bathrooms, laminate flooring, and plenty of potential to personalize or improve over time. Whether you are looking to expand your investment portfolio, generate rental income, or offset your mortgage with additional income, this property offers flexibility and long-term upside potential. Conveniently located less than 5 miles from SoFi Stadium with easy access to major freeways, shopping, dining, entertainment, and LAX, this property is positioned in an area with strong rental demand and excellent accessibility throughout Los Angeles. The property is zoned LAR2 and consists of two legal units, making it an attractive opportunity for both seasoned and first-time investors.
Listing Agent
Allstars Realty Brokerage Phone: 714-588-1017 License #02071428 Listed on: 06/01/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,403 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,966 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Utilities
- No Heating
- No Utilities
- Standard Electricity
Listing and Financial Details
- Legal Lot and Block 14 / B
- Tax Tract Number 1
- Assessor Parcel Number 6006022011
- $384 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Water Sewer Expense $3,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,414 | $346,129 | $192,617 | $153,512 |
| 2024 | $4,359 | $339,343 | $188,841 | $150,502 |
| 2023 | $4,279 | $332,690 | $185,139 | $147,551 |
| 2022 | $4,086 | $326,167 | $181,509 | $144,658 |
| 2021 | $4,027 | $319,772 | $177,950 | $141,822 |
| 2020 | $4,062 | $316,794 | $176,126 | $140,668 |
| 2019 | $3,909 | $310,589 | $172,673 | $137,916 |
| 2018 | $3,801 | $304,506 | $169,288 | $135,218 |
| 2016 | $3,615 | $292,395 | $162,715 | $129,680 |
| 2015 | $3,563 | $288,004 | $160,271 | $127,733 |
| 2014 | $3,585 | $282,363 | $157,132 | $125,231 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/08/2026 06/08/26 | Pending | -- | -- | -- |
| 06/01/2026 06/01/26 | For Sale | $700,000 | -- | $356 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | United Title Company | |
| Grant Deed | $239,000 | United Title Company | |
| Grant Deed | $85,500 | -- | |
| Grant Deed | -- | Chicago Title Co | |
| Trustee Deed | $241,437 | Benefit Land Title Ins Co | |
| Interfamily Deed Transfer | -- | First Southwestern Title | |
| Grant Deed | $220,000 | First Southwestern Title | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Trustee Deed | $129,848 | American Title Co | |
| Gift Deed | -- | South Coast Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $153,000 | Purchase Money Mortgage | |
| Previous Owner | $85,500 | Seller Take Back | |
| Previous Owner | $218,201 | FHA | |
| Previous Owner | $135,000 | No Value Available | |
| Previous Owner | $84,500 | No Value Available | |
| Closed | $10,000 | No Value Available | |
| Closed | $53,877 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26108194
APN: 6006-022-011
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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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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