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254 W 83rd St
Los Angeles, CA 90003
Multifamily Property For Sale
·
6 Units
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.
- Property benefits from access to Los Angeles’s broad rental market, providing both demand and appreciation upside.
- Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential.
- Value-add potential: Given scale of the building and number of units, there is potential to increase rents, optimize expenses and improve cap rate,
- Located in a stable, urban residential neighborhood of Los Angeles where demand for rental housing remains strong.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $273,266 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 8.20% | Building Size | 4,954 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 90% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 - Commercial | ||
| Price Per Unit | $273,266 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,954 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | LAC2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 6031-035-034 | Improvements Assessment | $445,537 CAD |
| Land Assessment | $90,688 CAD | Total Assessment | $536,225 CAD |
PROPERTY TAXES
Parcel Number
6031-035-034
Land Assessment
$90,688 CAD
Improvements Assessment
$445,537 CAD
Total Assessment
$536,225 CAD
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