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Renovated Fourplex + 2 ADUs Non Rent Control 1046 W 83rd St 6 Unit Apartment Building $1,148,000 ($191,333/Unit) 9.31% Cap Rate Los Angeles, CA 90044
Investment Highlights
- Financial Metrics: Projected 9.31% Cap Rate and 7.76 GRM
- Vacancies: Five vacant units ready for lease-up at market rents.
- Location Benefits: Easy access to Downtown LA, Inglewood, LAX, I-110, and I-105, plus future connectivity via Metro's Vermont Transit Corridor BRT.
- Non Rent Control Units: Two detached ADUs exempt from LA City Rent Control.
- 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.
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. Five 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**
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,148,000 | Property Subtype | Apartment |
| Price Per Unit | $191,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.31% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 7.76 | Building Size | 2,869 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1927/2026 |
| Zoning | LAR3 - Limited Multiple Residence | ||
| Price | $1,148,000 |
| Price Per Unit | $191,333 |
| Sale Type | Investment |
| Cap Rate | 9.31% |
| Gross Rent Multiplier | 7.76 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,869 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2026 |
| Zoning | LAR3 - Limited Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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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 | $153,000 |
| Land Assessment | $360,060 | Total Assessment | $513,060 |
Property Taxes
Parcel Number
6033-023-003
Land Assessment
$360,060
Improvements Assessment
$153,000
Total Assessment
$513,060
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Renovated Fourplex + 2 ADUs Non Rent Control | 1046 W 83rd St
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