254 W 83rd, Los Angeles, CA 90003
Local realty services provided by:ERA North Orange County Real Estate
254 W 83rd,Los Angeles, CA 90003
$1,199,000
- - Beds
- - Baths
- 4,954 sq. ft.
- Multi-family
- Active
Listed by: edith villa
Office: century 21 realty masters
MLS#:DW25246676
Source:CRMLS
Price summary
- Price:$1,199,000
- Price per sq. ft.:$242.03
About this home
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.
Contact an agent
Home facts
- Year built:1955
- Listing ID #:DW25246676
- Added:110 day(s) ago
- Updated:February 10, 2026 at 11:45 AM
Rooms and interior
- Living area:4,954 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1955
- Building area:4,954 sq. ft.
- Lot area:0.16 Acres
Utilities
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$242.03
New listings near 254 W 83rd
- Open Sun, 1 to 3pmNew
$1,499,888Active7 beds 5 baths1,308 sq. ft.22942 Crespi Street, WOODLAND HILLS, CA 91364
MLS# 82035066Listed by: REAL ESTATE SOURCE, INC. - Open Sun, 12 to 1:30pmNew
$1,100,000Active2 beds 3 baths2,319 sq. ft.800 1st #3203, Los Angeles, CA 90012
MLS# GD26034353Listed by: HARCOURTS CORNERSTONE REALTY GROUP - New
$999,000Active3 beds 3 baths1,977 sq. ft.8009 Lena Ave, West Hills, CA 91304
MLS# SR26018526Listed by: PINNACLE ESTATE PROPERTIES, INC. - New
$2,300,000Active3 beds 4 baths3,207 sq. ft.5801 Kiyot Way #7, PLAYA VISTA, CA 90094
MLS# SR26033004Listed by: WEICHERT, REALTORS-ALL STARS - New
$950,000Active5 beds 2 baths1,520 sq. ft.13105 Desmond, Pacoima, CA 91331
MLS# SR26034223Listed by: KELLER WILLIAMS ENCINO/SHERMAN OAKS - New
$975,000Active-- beds -- baths1,469 sq. ft.917 W 50th, Los Angeles, CA 90037
MLS# SB26030174Listed by: THE REALESTATE GROUP - New
$1,200,000Active-- beds -- baths2,960 sq. ft.7319 S Normandie, Los Angeles, CA 90044
MLS# SR26034334Listed by: PINNACLE ESTATE PROPERTIES, INC. - Open Sun, 2 to 4pmNew
$879,000Active2 beds 2 baths2,160 sq. ft.2275 W 25th #242, San Pedro, CA 90732
MLS# SB26023277Listed by: ESTATE PROPERTIES - New
$575,000Active3 beds 1 baths1,104 sq. ft.1151 E 71st, Los Angeles, CA 90001
MLS# DW26005123Listed by: CENTURY 21 A BETTER SERVICE - Open Fri, 4 to 7pmNew
$875,000Active4 beds 2 baths1,878 sq. ft.13400 Roscoe Boulevard, Panorama City, CA 91402
MLS# 26651381Listed by: COMPASS