1507 W 83rd, Los Angeles, CA 90047
Local realty services provided by:ERA Excel Realty
1507 W 83rd,Los Angeles, CA 90047
$2,399,999
- - Beds
- - Baths
- 6,650 sq. ft.
- Multi-family
- Active
Listed by: david smith
Office: remax professionals714-786-8221
MLS#:RS26215065
Source:CRMLS
Price summary
- Price:$2,399,999
- Price per sq. ft.:$360.9
About this home
Exceptional New-Construction 6-Unit Investment Opportunity in Los Angeles
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....
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Home facts
- Year built:2026
- Listing ID #:RS26215065
- Added:3 day(s) ago
- Updated:October 06, 2026 at 11:19 AM
Rooms and interior
- Kitchen Description:Disposal, Microwave
- Living area:6,650 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2026
- Building area:6,650 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Front Yard
Utilities
- Water:Public, Water Connected
- Sewer:Sewer Connected, Sewer Tap Paid
Finances and disclosures
- Price:$2,399,999
- Price per sq. ft.:$360.9
Features and amenities
- Appliances:Disposal
- Laundry features:Inside
Parking
- Total parking spaces:13
- Parking description:Assigned
- Garage:Yes
- Garage spaces:4
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