254 W 83rd St
Multi-Family units Investors Opportunity for add on Investment!
Marketing description
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. 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
Unit 6- 4 Bed 1Bath $2,500 + $100 parking space fee.
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.
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