1507 W 83rd St - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$2,899,999 USD
310-508-6116
1507 W 83rd St, Los Angeles, CA for Sale
$2,899,999 USD
Apartments - FOR SALE
1/53
null | 6.2% Cap Rate

1507 W 83rd St
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Brand New Construction
  • 6.2% Pro Forma Cap Rate

OVERVIEW

Exceptional brand-new construction 6-unit multifamily investment opportunity in Los Angeles. This property features six thoughtfully designed unit mix of a 3-bedroom/3.5 bathroom, 2-bedroom/2 bathroom, two 3-bedroom/3 bathroom, a 3-bedroom/2 bath, and 2 bedroom/1.5 bathroom layouts. Each tenant will enjoy ample natural light, spacious open-concept floor plans, and in-unit laundry hook-ups. Designed for maximum rental income and minimal maintenance, the building includes premium upgrades such as energy-efficient HVAC, quartz countertops, and solar panels. Each unit's kitchen is equipped with stainless steel appliances; microwaves, stoves, refrigerators, and dishwashers. Situated in a highly desirable rental market with close proximity to parks such as, Circle Park or Vermont Miracle Park, to major freeways and less than 10 miles from the heart of DTLA. This property offers strong tenant demand and excellent long-term capitalization. This property is non-rent control, with water meter submetered, and delivers and estimated 6.2% pro forma cap rate based on projected market rents. Perfect for both 1031 exchanges and savvy investors seeking a stabilized, turn-key portfolio addition.

FOR SALE DETAILS

PRICE

$2,899,999 USD

PRICE/SF

$431 USD /SF

# OF UNITS

6

PRICE/UNIT

$483,333

CAP RATE

6.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R1

APN/PARCEL ID

6034-014-015

ASK ABOUT THIS PROPERTY

David MejiaKeller Williams RealtyMore Info
310-508-6116

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David MejiaKeller Williams RealtyMore Info
310-508-6116

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