1507 W 83rd Street

Property Overview

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 7.4% pro forma cap rate based on projected market rents. Perfect for both 1031 exchanges and savvy investors seeking a stabilized, turn-key portfolio addition. Building currently being leased. 2 of the 6 units leased effective 10/01/2026. Please call for showings.

Home Details

Property type: Commercial Sale - Multi Family
Year built: 2026
Lot size: 6,722 sq ft
Stories: 3
Days on market: 43
MLS status: Active

Community, Schools & Utilities

Utilities

Heating: Central
Cooling: CentralAir,Electric
Water: Public

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Location & Neighborhood

Los Angeles, CA 90047

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Frequently Asked Questions About 1507 W 83rd Street

Property type: Commercial Sale

The current asking price is $2,429,999. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1507 W 83rd Street. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 2026. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 43 days. Status can change, so verify availability before relying on it.