1507 W 83rd Street, Los Angeles, California 90047

  • $2,899,999
1507 W 83rd Street, Los Angeles, CA 90047
Active
1507 W 83rd Street, Los Angeles, California 90047
1507 W 83rd Street, Los Angeles, CA 90047
  • $2,899,999

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 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.

  • Address 1507 W 83rd Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90047
  • Country US

Details

Updated on July 9, 2026 at 11:17 pm
  • Property ID: SB26148860
  • Price: $2,899,999
  • Property Size: 6650 Sqft
  • Land Area: 0.1543 Acres
  • Garages: 2.0
  • Year Built: 2026
  • Property Type: Residential Income, Apartment
  • Property Status: Active

Additional details

  • Listing Terms: Cash, Cash to New Loan
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Heating: Central
  • Flooring: Vinyl
  • County: Los Angeles
  • Property Type: Residential Income
  • Pool: None
  • Community Features: Curbs, Sidewalks
  • Architectural Style: Modern

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman