612 E 83rd Street,Los Angeles, CA 90001
Los Angeles, CA 90001
Description
We are pleased to present the opportunity to acquire 612 E. 83rd Street, a well-maintained 4-unit multifamily property located in the Florence neighborhood of South Los Angeles. Built in 1926, the property consists of four detached cottage-style 1-bedroom, 1-bathroom units totaling 1,920 square feet of rentable space on a 5,740 square foot lot. The property's bungalow-style layout provides residents with greater privacy and a more residential living experience than a traditional apartment building. Each unit is separately metered for gas and electricity and features its own water heater, helping reduce operating expenses and simplify management. Additional amenities include a gated entrance and four gated on-site parking spaces. Two units will be delivered vacant at closing, presenting an exceptional opportunity for an owner-user to occupy one unit while generating rental income from the remaining units, or for an investor to lease both vacancies at market rents and immediately increase the property's income potential. The property offers convenient access to Downtown Los Angeles, USC, Exposition Park, BMO Stadium, and the Los Angeles Memorial Coliseum. Residents also benefit from excellent regional connectivity via the 110, 10, and 105 Freeways, as well as nearby public transportation. The surrounding area continues to experience ongoing public and private investment, strong rental demand, and a limited supply of quality workforce housing, positioning the property for stable occupancy and long-term appreciation.
Details
| MLS # | 26860481 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 45 |
| Listing Provided By | Marcus & Millichap | Shara Parseghian |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 1,920 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | LAR2 |
| Acreage | 0.13 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | Uncovered |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90001) | |
Price: $785,000 low | high Med: $895,500 sqft: 1,920 low | high Med: 2,224 $ / sqft: $409 low | high Med: $403 On site: 45 low | high Med: 35 | |
Market Activity 90001
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90001) | |
Price: $785,000 low | high Med: $895,500 sqft: 1,920 low | high Med: 2,224 $ / sqft: $409 low | high Med: $403 On site: 45 low | high Med: 35 | |
