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Price Reduced Listing
$2,799,999
 $15,031 est/mo Sourced by Back At You

1507 W 83rd Street,Los Angeles, CA 90047

Los Angeles, CA 90047

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Description

Exceptional brand-new construction 6-unit multifamily investment opportunity in Los Angeles. This property features six thoughtfully designed unit mix of a 3-bedroom/3.5 bathroom, 2-bedroom/2 bathroom, two 3-bedroom/3 bathroom, a 3-bedroom/2 bath, and 2 bedroom/1.5 bathroom layouts. Each unit has a designated parking space/garage. Each tenant will enjoy ample natural light, spacious open-concept floor plans, and in-unit laundry hook-ups. Designed for maximum rental income and minimal maintenance, the building includes premium upgrades such as energy-efficient HVAC, quartz countertops, and solar panels. Each unit's kitchen is equipped with stainless steel appliances; microwaves, stoves, refrigerators, and dishwashers. Situated in a highly desirable rental market with close proximity to parks such as, Circle Park or Vermont Miracle Park, to major freeways and less than 10 miles from the heart of DTLA. This property offers strong tenant demand and excellent long-term capitalization. This property is non-rent control, with water meter submetered, and delivers and estimated 6.2% pro forma cap rate based on projected market rents. Perfect for both 1031 exchanges and savvy investors seeking a stabilized, turn-key portfolio addition.

Details

MLS #SB26177623
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2026
Days On Site31
Listing Provided ByKeller Williams Realty | David Mejia

Features

SQ Feet6,650
Story(s)3
Units6
Building(s)3
Acreage0.15

Interior

CoolingCentral Air, Electric
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes

Utilities

UtilitiesElectricity Connected, Sewer Connected, Water Connected

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90047
AreaC36 Metropolitan Southwest
Listing VS Median (in 90047)
Price:
$2,799,999
low | high
Med:
$889,000
100% of Average
sqft:
6,650
low | high
Med:
2,305
100% of Average
$ / sqft:
$421
low | high
Med:
$386
58.40018420552% of Average
On site:
31
low | high
Med:
113
27.433628318584% of Average
Sourced by Back At You

Market Activity 90047

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Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90047
AreaC36 Metropolitan Southwest
Listing VS Median (in 90047)
Price:
$2,799,999
low | high
Med:
$889,000
100% of Average
sqft:
6,650
low | high
Med:
2,305
100% of Average
$ / sqft:
$421
low | high
Med:
$386
58.40018420552% of Average
On site:
31
low | high
Med:
113
27.433628318584% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.99M - $3.499M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
1329 W 88th Property Photo 1
$1,950,000
1329 W 88th
Los Angeles, CA 90044
Listing Updated: September 11, 2026 at 8:03:58 AM PDT

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions