31
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$1,199,000
Est. payment /mo
6,758 Sqft Lot
Price Dropped by $101K
254 W 83rd Los Angeles, CA 90003
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25246676
Year Built 1955
Lot Size 6,758 Sqft
Source California Regional MLS
Property Description
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. 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 Angeles's broad rental market, providing both demand and appreciation upside. Neighborhood & Market Position The property is located in a stable, urban residential neighborhood of
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Rooms
Kitchen None
Interior
Cooling None
Flooring Other
Laundry None
Exterior
Pool None
View Other
Roof Type Shingle
Building
Lot Description Paved
Others
Tax ID 6031035034
Special Listing Condition Not Applicable
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