$ 1,300,000
-
$1,300,000
Price -
11
Bed -
6
Bath -
4,954
SqFt
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About the Listing YCRM - DWVILEDI,22286278,22286278,22286278
Located in the heart of Los Angeles’s Southeast corridor, this solid-income multifamily building presents an excellent investment opportunity. Built in 1955, this two-story asset features a total of 4,954 sq ft of living area on a 6,758 sq ft lot. Unit & Building Details • 10 total bedrooms and 6 full bathrooms. 1 year old ROOF • Structured as multiple units (6 inferred units) in a low-rise configuration. • Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential. • Zoned LAC2 (multifamily residential), offering flexibility for multifamily use and potential value-add strategies • • Investment Highlights • Proven footprint: The large unit count and low per-unit square footage provide strong flexibility for tenant mix, re-tenanting, and income growth. • Value-add potential: Given the scale of the building and number of units, there is potential to increase rents, optimize expenses, and improve cap rate through active management or refurbishment. • Location merits: Situated in ZIP 90003, the property benefits from access to Los Angeles’s broad rental market, providing both demand and appreciation upside. Neighborhood & Market Position The property is located in a stable, urban residential neighborhood of Los Angeles where demand for rental housing remains strong. With this building’s characteristics—size, unit count, parking, zoning—it represents a rare offering in this submarket. Given your earlier numbers (purchase price $1.3 M, income ~$100.62 k/yr, expenses ~$32.94 k/yr), the current cap rate is approximately 5.21%, which aligns with solid returns in this market and given potential for growth.
Listing Highlights for 254 W 83rd
Interior Details
- Bedrooms: 11
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: See Remarks,Stone,Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Up,All Bedrooms Down
- Water:
Exterior Details
- Lot Description: Paved,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6031035034
- Tax Year: N/A
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Monthly Payment
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Listing Location
Questions About..
254 W 83rd Los Angeles, CA 90003
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