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FOR SALE

$650,000

613 E 83rd St, Los Angeles, Ca 90001

1,920 SF

Square Feet

$339

PPSF

4

Units

100.0K

PPU

7.76%

CAP

Property Description

Units

4 — PPU: 100.0K

NOI

$50,440

Cap Rate

7.76%

The property at 613 E 83rd St in Los Angeles is a charming quadruplex built in 1927, covering 1,920 square feet on a lot of approximately 5,741 square feet. This multifamily structure provides an opportunity for steady rental income with four residential units, each independently accessible. The building features durable wood frame construction typical of its time, maintaining the character of its era while offering potential for modern upgrades. Zoned LAR2, the property is adaptable for residential use, allowing flexibility in tenant configuration. This structure’s layout and zoning appeal to investors seeking a mix of stability and opportunity for property enhancement.

Located in a residential neighborhood in South Los Angeles, the property offers tenants a balanced living experience that combines access to urban conveniences with a quieter residential setting. The area is known for its strong sense of community and its accessibility to major transit routes, which provide easy connections to Downtown Los Angeles and other key city areas. This proximity appeals to a range of tenants, including working professionals, students, and families, due to the nearby schools, retail centers, and essential services such as grocery stores and healthcare facilities.

The South LA region continues to attract new residents and businesses, creating an environment of economic growth and development. The neighborhood offers various parks and recreational spaces, enhancing the appeal for tenants who prioritize access to green areas and community activities. Additionally, South LA has seen an increase in infrastructure improvements, contributing to the area’s revitalization and increasing its attractiveness for real estate investments.

This property is ideal for generating rental income from four units, with the potential for rent adjustments over time. Its quadruplex setup allows for diversified tenant occupancy, which can improve rental stability. The property’s layout accommodates a range of tenant needs, attracting individuals, small families, and professionals seeking affordable housing with proximity to LA’s core. The LAR2 zoning provides opportunities for residential modifications, offering adaptability to future property upgrades or reconfiguration. This flexibility is advantageous for investors who seek to expand their property’s potential and ensure long-term relevance in the market.

Constructed in 1927, this property combines historical architecture with functionality. The wood frame construction offers durability, and while the building is well-maintained, targeted improvements could enhance its appeal to potential tenants. Upgrades could include updating interiors with modern fixtures, enhancing common areas, or incorporating energy-efficient features to increase the property’s value and marketability. For investors seeking a property with current income potential and opportunities for future growth, 613 E 83rd St represents a solid choice. Its desirable location within a developing area of South Los Angeles, combined with the flexibility provided by LAR2 zoning, positions the property as a versatile investment in LA’s competitive multifamily housing market.


Property Details

Asset Type

MultiFamily

Year Built

1927

Zoning

LAR2

Submarket

Los Angeles

ZIP

90001

Listing Type

sale

Net Operating Income (NOI)

$80,023

Debt Service Coverage Ratio (DSCR)

2.16x

Cap Rate

12.31%

Cash Flow (Annual)

$43,047

Cash-on-Cash Return

26.49%

Monthly Debt Service

$3,081

Annual Debt Service

$36,976

View on Map

Address

613 E 83rd St, Los Angeles, Ca 90001

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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

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Taylor Avakian
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Taylor Avakian

First Vice President

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Taylor Avakian
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Taylor Avakian

First Vice President

53 closed