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Listed by Edith Villa • Century 21 Realty Masters
$ 1,199,000
Est. payment /mo
Active
254 W 83rd Los Angeles, CA 90003
4,954 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,954 sqft
Price per Sqft $242
MLS Listing ID CRDW25246676
HOA Y/N No
Year Built 1955
Lot Size 6,758 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
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
Location
State CA
County Los Angeles
Interior
Cooling None
Flooring Stone, Tile, Vinyl, See Remarks
Fireplace No
Laundry No Hookups
Exterior
View Other
Building
Lot Description Paved
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