1046 W 83rd St - Apartments FOR SALE


Los Angeles, CA 90044- South Central LA
$1,148,000 USD
310-740-4581
1046 W 83rd St, Los Angeles, CA for Sale
$1,148,000 USD
Apartments - FOR SALE
1/9
null | 9.31% Cap Rate

1046 W 83rd St
Los Angeles, CA 90044
South Central LA


HIGHLIGHTS

  • Financial Metrics: Projected 9.31% Cap Rate and 7.76 GRM
  • Nearby Developments: Just 0.5 miles from Evermont and near USC, offering access to jobs, retail, transit, and a strong renter base.
  • Location Benefits: Easy access to Downtown LA, Inglewood, LAX, I-110, and I-105, plus future connectivity via Metro's Vermont Transit Corridor BRT.
  • Non Rent Control Units: Two detached ADUs exempt from LA City Rent Control.
  • Major Capital Improvements Completed: New 400-amp electrical system, copper plumbing, and newly constructed ADUs (2026).
  • Additional Details: Four vacant units ready for lease-up at market rents.

OVERVIEW

1046 W 83rd Street presents a rare opportunity to acquire a beautifully renovated six-unit multifamily asset in the heart of Los Angeles. The property originally consisted of a triplex. In 2025, ownership completed construction of two detached ADUs, which are exempt from rent control. In 2026, ownership converted the original triplex into a fourplex after gutting and fully upgrading the interiors of all original units. Four units are currently vacant, allowing a new owner to lease at market rents with minimal additional capital investment. Major system upgrades, including new electrical, copper plumbing, and brand new ADU construction, substantially reduce future capital expenditure risk. Strategically located near the Evermont mixed-use development, USC, major employment centers, and convenient freeway and transit access, the property offers investors an attractive combination of strong long-term rental demand and projected stabilized returns. Note: Bridge loan quote available upon request. Contact us today to request the OM or schedule a private tour. **Contact Kyana Morgan with the Kelly Morgan Multifamily Group for more information (310) 740-4581 or Kyana@TheValueAddGuy.com**

FOR SALE DETAILS

PRICE

$1,148,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,333

CAP RATE

9.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Fourplex + 2 ADUs Non Rent Control

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,259 SF

ZONING

LAR3

APN/PARCEL ID

6033-023-003

ASK ABOUT THIS PROPERTY

Kyana MorganHouze Real EstateMore Info
310-740-4581

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Kyana MorganHouze Real EstateMore Info
310-740-4581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.