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254 W 83rd St
Los Angeles, CA 90003
Multifamily Property For Sale
·
6 Units
Executive Summary
Prime Income-Producing Multifamily asset located in the heart of South Los Angeles. This well-positioned property offers investors a strong combination of in-place cash flow and future upside potential in a high-demand rental market.
Built in 1955, the property consists of a two-story apartment building totaling approximately 4,954 square feet, situated on a 6,758 square foot lot. The property features 6 total units with a combined 10+ bedrooms and 6 bathrooms, providing a versatile unit mix ideal for stable tenancy and rental growth. New roof was replaced in early 2025 also wood panel trimming around roof. Only 2 of the 6 Units have been remolded the other 4 have Not.
Rent Roll Below:
Unit 1- 1 Bed 1 Bath $1,248 Section 8
Unit 2- 1 Bed 1 Bath $1,600
Unit 3- 2 Beds 1 Bath $2,053
Unit 4- 2 Beds 1Bath VACANT Potential Rent $3,000
Unit 5- 1 Bed 1Bath $918
Investment Highlights
Strong Income Potential – Current gross income of approximately $100,000+ annually with upside through rent optimization.
Value-Add Opportunity – Ideal for investors seeking to increase rents, improve operations, or renovate units for higher returns.
Unit Mix Flexibility – Multiple 1, 2, and 4-bedroom configurations accommodate a diverse tenant base.
Ample Parking – Inside & Carport parking for approximately 8 vehicles,
Zoning (LAC2) – Allows for multifamily residential use with potential for further development strategies.
Built in 1955, the property consists of a two-story apartment building totaling approximately 4,954 square feet, situated on a 6,758 square foot lot. The property features 6 total units with a combined 10+ bedrooms and 6 bathrooms, providing a versatile unit mix ideal for stable tenancy and rental growth. New roof was replaced in early 2025 also wood panel trimming around roof. Only 2 of the 6 Units have been remolded the other 4 have Not.
Rent Roll Below:
Unit 1- 1 Bed 1 Bath $1,248 Section 8
Unit 2- 1 Bed 1 Bath $1,600
Unit 3- 2 Beds 1 Bath $2,053
Unit 4- 2 Beds 1Bath VACANT Potential Rent $3,000
Unit 5- 1 Bed 1Bath $918
Investment Highlights
Strong Income Potential – Current gross income of approximately $100,000+ annually with upside through rent optimization.
Value-Add Opportunity – Ideal for investors seeking to increase rents, improve operations, or renovate units for higher returns.
Unit Mix Flexibility – Multiple 1, 2, and 4-bedroom configurations accommodate a diverse tenant base.
Ample Parking – Inside & Carport parking for approximately 8 vehicles,
Zoning (LAC2) – Allows for multifamily residential use with potential for further development strategies.
Property Facts
| Price Per Unit | $196,667 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,954 SF |
| No. Units | 6 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Low-Rise | Parking Ratio | 1.61/1,000 SF |
| Building Class | C | ||
| Zoning | LAC2 - Commercial | ||
| Price Per Unit | $196,667 |
| Sale Type | Investment |
| 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 |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 2 | - | - |
| 4+1 | 1 | - | - |
Property Taxes
| Parcel Number | 6031-035-034 | Improvements Assessment | $324,081 |
| Land Assessment | $65,966 | Total Assessment | $390,047 |
Property Taxes
Parcel Number
6031-035-034
Land Assessment
$65,966
Improvements Assessment
$324,081
Total Assessment
$390,047
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