254 W 83rd, Los Angeles, CA 90003
Local realty services provided by:CENTURY 21 Affiliated
254 W 83rd,Los Angeles, CA 90003
$1,199,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: edith villa
Office: century 21 realty masters
MLS#:DW25246676
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,199,000
About this home
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
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Home facts
- Listing ID #:DW25246676
- Added:47 day(s) ago
- Updated:December 14, 2025 at 03:06 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Finances and disclosures
- Price:$1,199,000
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