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1659 W 83rd St 4 Unit Apartment Building $1,495,000 ($373,750/Unit) 6.13% Cap Rate Los Angeles, CA 90047
INVESTMENT HIGHLIGHTS
- Includes a SFR and an additional triplex in the rear
- Ideal for rental income or multi-generational living
EXECUTIVE SUMMARY
Exceptional Upside Investment Opportunity! This beautifully remodeled Mediterranean-style 2-story Single Family Residence combines the perfect blend of high-end living with the added benefits of exclusive Triplex income options. Nestled behind privacy-enhancing hedges, the main residence welcomes you with a grand foyer, a private living room, formal dining room, and a chef's kitchen equipped with premium built-in appliances. The spacious layout includes 4 bedrooms and 3 bathrooms, highlighted by a stylish upstairs primary suite. Enjoy year-round comfort with dual-zone HVAC systems on both levels. Adjacent to the main home, is an updated triplex that features three 1BD/1BA units, ideal for rental income or multi-generational living. Situated on a corner lot near SoFi Stadium, LAX, DTLA, and more, this property offers the perfect chance to live in luxury while investing wisely!
PROPERTY FACTS
| Price | $1,495,000 | Property Subtype | Apartment |
| Price Per Unit | $373,750 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.13% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 12.9 | Building Size | 6,782 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1949 |
| Zoning | LARD2 - 4 Units | ||
| Price | $1,495,000 |
| Price Per Unit | $373,750 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,782 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Zoning | LARD2 - 4 Units |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 4+3 | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 6034-015-025 | Improvements Assessment | $111,782 |
| Land Assessment | $401,933 | Total Assessment | $513,715 |
PROPERTY TAXES
Parcel Number
6034-015-025
Land Assessment
$401,933
Improvements Assessment
$111,782
Total Assessment
$513,715
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1659 W 83rd St
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