1507 W 83rd Los Angeles, CA 90047
6,721 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26215065
Construction Status Turnkey
HOA Y/N No
Year Built 2026
Lot Size 6,721 Sqft
Property Sub-Type Mixed Use
Property Description
Welcome to 1507 W 83rd St, a brand-new six-unit multifamily property offering an attractive combination of strong income, modern construction, and low-maintenance ownership. With a desirable mix of spacious 2- and 3-bedroom residences, this property is designed to appeal to today's renters while providing investors with an impressive income-producing asset.
The unit mix includes a 3-bedroom/2-bath renting for $3,495, 2-bedroom/1.5-bath at $2,651, 3-bedroom/3-bath at $3,366, 2-bedroom/2-bath at $2,895, 3-bedroom/3-bath at $3,180, and a spacious 3-bedroom/3.5-bath at $3,695.
Combined monthly rental income is $19,282, providing approximately $231,384 in annual gross rental income.
All six residences are brand-new construction and feature central air conditioning, solar, stainless-steel appliances, modern finishes, and thoughtfully designed floor plans. Each unit is separately metered, with tenants responsible for their own utilities, helping reduce ongoing operating expenses for ownership.
Another significant advantage is that the property is not subject to Los Angeles rent stabilization, providing greater flexibility for long-term ownership and income growth, subject to applicable state and local regulations.
Currently offered at an approximately 7.4% pro forma cap rate, 1507 W 83rd St presents a compelling opportunity for investors seeking newer construction, strong rental income, reduced maintenance concerns, and six desirable units in the Los Angeles rental market.
Six units. Brand-new construction. $231,384 in annual rental income. Tenant-paid utilities. Solar. Central air. A turnkey multifamily investment built for the future.
Location
State CA
County Los Angeles
Area C23 - Metropolitan
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Disposal, Microwave
Laundry Inside, Laundry Room
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Block
Pool None
Community Features Biking, Gutter(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Total Parking Spaces 13
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard
Story 3
Sewer Sewer Tap Paid
Water Public
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 6034014015
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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