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Renovated Fourplex + 2 ADUs Non Rent Control 1046 W 83rd St 6 Unit Apartment Building $1,613,284 CAD ($268,881 CAD/Unit) 9.31% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Financial Metrics: Projected 9.31% Cap Rate and 7.76 GRM
- Location Benefits: Easy access to Downtown LA, Inglewood, LAX, I-110, and I-105, plus future connectivity via Metro's Vermont Transit Corridor BRT.
- Major Capital Improvements Completed: New 400-amp electrical system, copper plumbing, and newly constructed ADUs (2026).
- Nearby Developments: Just 0.5 miles from Evermont and near USC, offering access to jobs, retail, transit, and a strong renter base.
- Non Rent Control Units: Two detached ADUs exempt from LA City Rent Control.
- Additional Details: Four vacant units ready for lease-up at market rents.
Executive Summary
1046 W 83rd Street presents a rare opportunity to acquire a beautifully renovated six-unit multifamily asset in the heart of Los Angeles. The property originally consisted of a triplex. In 2025, ownership completed construction of two detached ADUs, which are exempt from rent control. In 2026, ownership converted the original triplex into a fourplex after gutting and fully upgrading the interiors of all original units. Four units are currently vacant, allowing a new owner to lease at market rents with minimal additional capital investment. Major system upgrades, including new electrical, copper plumbing, and brand new ADU construction, substantially reduce future capital expenditure risk. Strategically located near the Evermont mixed-use development, USC, major employment centers, and convenient freeway and transit access, the property offers investors an attractive combination of strong long-term rental demand and projected stabilized returns. Note: Bridge loan quote available upon request.
Contact us today to request the OM or schedule a private tour.
**Contact Kyana Morgan with the Kelly Morgan Multifamily Group for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**
Contact us today to request the OM or schedule a private tour.
**Contact Kyana Morgan with the Kelly Morgan Multifamily Group for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**
Property Facts
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Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6033-023-003 | Improvements Assessment | $215,011 CAD |
| Land Assessment | $505,992 CAD | Total Assessment | $721,003 CAD |
Property Taxes
Parcel Number
6033-023-003
Land Assessment
$505,992 CAD
Improvements Assessment
$215,011 CAD
Total Assessment
$721,003 CAD
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Renovated Fourplex + 2 ADUs Non Rent Control | 1046 W 83rd St
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