(If you do not have an agent and work directly with the listing agent)
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 a?c 10 total bedrooms and 6 full bathrooms. 1 year old ROOF a?c Structured as multiple units (6 inferred units) in a low-rise configuration. a?c Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential. a?c Zoned LAC2 (multifamily residential), offering flexibility for multifamily use and potential value-add strategies a?c a?c Investment Highlights a?c Proven footprint: The large unit count and low per-unit square footage provide strong flexibility for tenant mix, re-tenanting, and income growth. a?c 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. a?c 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 Los Angeles where demand for rental housing remains strong. With this building's characteristics'size, unit count, parking, zoning'it 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 aligns with solid returns in this market and given potential for growth.
254 W 83rd St Los Angeles, CA 90003
