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1507 W 83rd St 6 Unit Apartment Building $4,075,369 CAD ($679,228 CAD/Unit) 6.20% Cap Rate Los Angeles, CA 90047
Investment Highlights
- Brand New Construction
- 6.2% Pro Forma Cap Rate
Executive Summary
Exceptional brand-new construction 6-unit multifamily investment opportunity in Los Angeles. This property features six thoughtfully designed unit mix of a 3-bedroom/3.5 bathroom, 2-bedroom/2 bathroom, two 3-bedroom/3 bathroom, a 3-bedroom/2 bath, and 2 bedroom/1.5 bathroom layouts. Each tenant will enjoy ample natural light, spacious open-concept floor plans, and in-unit laundry hook-ups. Designed for maximum rental income and minimal maintenance, the building includes premium upgrades such as energy-efficient HVAC, quartz countertops, and solar panels. Each unit's kitchen is equipped with stainless steel appliances; microwaves, stoves, refrigerators, and dishwashers. Situated in a highly desirable rental market with close proximity to parks such as, Circle Park or Vermont Miracle Park, to major freeways and less than 10 miles from the heart of DTLA. This property offers strong tenant demand and excellent long-term capitalization. This property is non-rent control, with water meter submetered, and delivers and estimated 6.2% pro forma cap rate based on projected market rents. Perfect for both 1031 exchanges and savvy investors seeking a stabilized, turn-key portfolio addition.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+3 | 2 | - | - |
| 3+2 | 1 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6034-014-015 | Improvements Assessment | $255,482 CAD |
| Land Assessment | $594,682 CAD | Total Assessment | $850,164 CAD |
Property Taxes
Parcel Number
6034-014-015
Land Assessment
$594,682 CAD
Improvements Assessment
$255,482 CAD
Total Assessment
$850,164 CAD
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1507 W 83rd St
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