254 W 83rd

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 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.

This home located at 254 W 83rd is currently active and has been available on pardeeproperties.com for 28 days. This property is listed at $1,199,000. It has 11 beds and 6 bathrooms. The property was built in 1955. 254 W 83rd is in the Metropolitan community of County.

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