- 11 Beds
- 6 Baths
- .16 Acres
- 65 DOM
254 W 83rd
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 Los Angeles where demand for rental housing remains strong. With this building’s characteristics—size, unit count, parking, zoning—it represents a rare offering in this submarket. Given your earlier numbers (purchase price $1.3 M, income ~$100.62 k/yr, expenses ~$32.94 k/yr), the current cap rate is approximately 5.21%, which aligns with solid returns in this market and given potential for growth.
Essential Information
- MLS® #DW25246676
- Price$1,199,000
- Bedrooms11
- Bathrooms6.00
- Acres0.16
- Year Built1955
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address254 W 83rd
- AreaC23 - Metropolitan
- CityLos Angeles
- CountyLos Angeles
- Zip Code90003
Amenities
- UtilitiesSewer Connected
- PoolNone
Interior
- CoolingNone
- FireplacesNone
- # of Stories2
- StoriesTwo
Interior
Stone, Tile, Vinyl, See Remarks
Interior Features
All Bedrooms Up, All Bedrooms Down
Exterior
- Lot DescriptionPaved
- RoofShingle
Additional Information
- Date ListedOctober 24th, 2025
- Days on Market65
Listing Details
- AgentEdith Villa
- OfficeCentury 21 Realty Masters
Price Change History for 254 W 83rd, Los Angeles, (MLS® #DW25246676)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,300,000 to $1,199,000 |
Edith Villa, Century 21 Realty Masters.
Based on information from California Regional Multiple Listing Service, Inc. as of December 31st, 2025 at 1:20pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.