254 W 83rd St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,180,000 USD
714-349-6649
254 W 83rd St, Los Angeles, CA for Sale
$1,180,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

254 W 83rd St
Los Angeles, CA 90003
Canndu/Avalon Gardens


OVERVIEW

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. New roof was replaced in early 2025 also wood panel trimming around roof. 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.

FOR SALE DETAILS

PRICE

$1,180,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

6

PRICE/UNIT

$196,667

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAC2

APN/PARCEL ID

6031-035-034

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-349-6649

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-349-6649

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