31
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$1,199,000
Est. payment /mo
6 Beds
6,758 Sqft Lot
Price Dropped by $101K
254 W 83rd Los Angeles, CA 90003
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25246676
Bedrooms 6
Lot Size 6,758 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Located in the heart of Los Angeless 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 Angeless 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 buildings characteristicssize, unit count, parking, zoningit 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 ali
Location
State CA
County Los Angeles
Zoning Public Rec
Direction North of the 105 FWY East of 110FWY
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6031035034
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Edith Villa Century 21 Realty Masters
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