254 W 83rd St
Description
• 10 total bedrooms and 6 full bathrooms. 1 year old ROOF
• Structured as multiple units (6 inferred units) in a low-rise configuration. Unit & Building Details
• 10 total bedrooms and 6 full bathrooms. 1 year old ROOF
• Structured...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. 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. • 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. • 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. • 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.
Property Details for 254 West 83rd Street
Property Details for 254 West 83rd Street
| Status | Active |
|---|---|
| MLS # | DW25246676 |
| Days on Market | 53 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1955 |
| County | Los Angeles County |
Location
Building Information for 254 West 83rd Street
Payment Calculator
$6,417 per month
30 year fixed, 6.28% Interest
$5,925
$492
$0
Property Information for 254 West 83rd Street
- Gross Income: $100,620
- Gross Scheduled Income: $100,620
- Net Operating Income: $79,680
- Number Of Rented Garages: 0
- Garage Rental Rate: $0
- Garage Income: $0
- Laundry Income: $0
- Other Income 1: $0
- Other Income 2: $0
- Operating Expense: $20,940
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $500
- Professional Management Expense: $0
- Trash Expense: $360
- Water Sewer Expense: $425
- Total Expenses: $1,745
- Tax Tract Number: 35
- CFD/Mello-Roos Fee: $1,198
- Tax Lot: 55
- Accessibility Features: None
- Disability Access: None
- Assessments YN: No
- Assessments: None
- Community Features: Street Lights
- Appliances: None
- Equipment: None
- Room Type: All Bedrooms Down, All Bedrooms Up
- Bedroom Features: All Bedrooms Down, All Bedrooms Up
- Laundry: No
- Laundry Features: None
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Flooring Type: See Remarks, Stone, Tile, Vinyl
- Flooring: See Remarks, Stone, Tile, Vinyl
- Roof: Shingle
- Entry Location: top and bottom
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Wrought Iron
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: Lot 6500-9999, Paved
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Two
- Sewer: Public Sewer
- Utilities: Sewer Connected
- Electric: Sewer Connected
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Residential Styles: Res Income 2-4 Units
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,248
- Unit Type Total Rent: $1,248
- Unit Type Pro Forma: 1600
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $1,600
- Unit Type Pro Forma: 1600
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,057
- Unit Type Total Rent: $2,057
- Unit Type Pro Forma: 2057
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 2100
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $980
- Unit Type Total Rent: $980
- Unit Type Pro Forma: 1600
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 2800
- Unit Type Type: 6
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
- Number Wall AC: 0
Property History for 254 West 83rd Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 24, 2025 | Price Change CLAW #DW25246676MR | $1,199,000 | — |
| Nov 24, 2025 | Price Change CRMLS #DW25246676 | $1,199,000 | — |
| Nov 23, 2025 | Price Change SDMLS #DW25246676 | $1,199,000 | — |
| Oct 27, 2025 | Listed (Active) CRMLS #DW25246676 | $1,300,000 | — |
| Oct 24, 2025 | Listed (Active) CLAW #DW25246676MR | $1,300,000 | — |
| Oct 24, 2025 | Listed (Active) SDMLS #DW25246676 | $1,300,000 | — |
| Sep 1, 2024 | Withdrawn / Cancelled CRMLS #DW23127904 | $1,000,000 | — |
| Oct 24, 2023 | Price Change CRMLS #DW23127904 | $1,125,000 | — |
| Oct 24, 2023 | Price Change CRMLS #DW23127904 | $1,012,500 | — |
| Oct 24, 2023 | Price Change CRMLS #DW23127904 | $101,250 | — |
| Oct 24, 2023 | Price Change CRMLS #DW23127904 | $112,500 | — |
| Oct 24, 2023 | Listed (Active) CRMLS #DW23127904 | — | |
| Oct 16, 2023 | Pending CRMLS #DW23127904 | — | |
| Sep 15, 2023 | Price Change CRMLS #DW23127904 | $1,200,000 | — |
| Sep 15, 2023 | Price Change CRMLS #DW23127904 | $12,000,000 | — |
| Aug 30, 2023 | Price Change CRMLS #DW23127904 | $1,300,000 | — |
| Jul 13, 2023 | Listed (Active) CRMLS #DW23127904 | $1,399,000 | — |
| Nov 17, 2021 | Withdrawn / Cancelled CRMLS #21751218 | $1,300,000 | — |
| Nov 17, 2021 | Withdrawn / Cancelled CLAW #21-751218 | — | |
| Sep 29, 2021 | Pending CLAW #21-751218 | — | |
| Sep 29, 2021 | Pending CRMLS #21751218 | — | |
| Sep 29, 2021 | Listed (Active) CLAW #21-751218 | $1,300,000 | — |
| Aug 30, 2021 | Hold CRMLS #21751218 | — | |
| Aug 30, 2021 | Hold CLAW #21-751218 | $1,300,000 | — |
| Jul 27, 2021 | Pending CRMLS #21751218 | — | |
| Jul 27, 2021 | Pending CLAW #21-751218 | — | |
| Jun 20, 2021 | Listed (Active) CRMLS #21751218 | $1,300,000 | — |
| Jun 20, 2021 | Listed (Active) CLAW #21-751218 | $1,300,000 | — |
| Jan 8, 2013 | Expired CRMLS #P175267 | $240,000 | — |
| Dec 31, 2000 | Expired CLAW #P175267MR | — | |
| Feb 22, 2000 | Listed (Active) CRMLS #CC206736 | $240,000 | — |
| Feb 22, 2000 | Listed (Active) CRMLS #P175267 | $240,000 | — |
| Feb 22, 2000 | Listed (Active) CLAW #P175267MR | $240,000 | — |
| Dec 31, 1999 | Expired CLAW #N4820MR | — | |
| Dec 31, 1999 | Expired CRMLS #N4820 | $250,000 | — |
| Apr 12, 1999 | Listed (Active) CLAW #N4820MR | $250,000 | — |
| Apr 12, 1999 | Listed (Active) CRMLS #N4820 | $250,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/24/2025 | Price Change CLAW #DW25246676MR | $1,199,000 |
| 11/24/2025 | Price Change CRMLS #DW25246676 | $1,199,000 |
| 11/23/2025 | Price Change SDMLS #DW25246676 | $1,199,000 |
| 10/27/2025 | Listed (Active) CRMLS #DW25246676 | $1,300,000 |
| 10/24/2025 | Listed (Active) CLAW #DW25246676MR | $1,300,000 |
| 10/24/2025 | Listed (Active) SDMLS #DW25246676 | $1,300,000 |
| 09/01/2024 | Withdrawn / Cancelled CRMLS #DW23127904 | $1,000,000 |
| 10/24/2023 | Price Change CRMLS #DW23127904 | $1,125,000 |
| 10/24/2023 | Price Change CRMLS #DW23127904 | $1,012,500 |
| 10/24/2023 | Price Change CRMLS #DW23127904 | $101,250 |
| 10/24/2023 | Price Change CRMLS #DW23127904 | $112,500 |
| 10/24/2023 | Listed (Active) CRMLS #DW23127904 | — |
| 10/16/2023 | Pending CRMLS #DW23127904 | — |
| 09/15/2023 | Price Change CRMLS #DW23127904 | $1,200,000 |
| 09/15/2023 | Price Change CRMLS #DW23127904 | $12,000,000 |
| 08/30/2023 | Price Change CRMLS #DW23127904 | $1,300,000 |
| 07/13/2023 | Listed (Active) CRMLS #DW23127904 | $1,399,000 |
| 11/17/2021 | Withdrawn / Cancelled CRMLS #21751218 | $1,300,000 |
| 11/17/2021 | Withdrawn / Cancelled CLAW #21-751218 | — |
| 09/29/2021 | Pending CLAW #21-751218 | — |
| 09/29/2021 | Pending CRMLS #21751218 | — |
| 09/29/2021 | Listed (Active) CLAW #21-751218 | $1,300,000 |
| 08/30/2021 | Hold CRMLS #21751218 | — |
| 08/30/2021 | Hold CLAW #21-751218 | $1,300,000 |
| 07/27/2021 | Pending CRMLS #21751218 | — |
| 07/27/2021 | Pending CLAW #21-751218 | — |
| 06/20/2021 | Listed (Active) CRMLS #21751218 | $1,300,000 |
| 06/20/2021 | Listed (Active) CLAW #21-751218 | $1,300,000 |
| 01/08/2013 | Expired CRMLS #P175267 | $240,000 |
| 12/31/2000 | Expired CLAW #P175267MR | — |
| 02/22/2000 | Listed (Active) CRMLS #CC206736 | $240,000 |
| 02/22/2000 | Listed (Active) CRMLS #P175267 | $240,000 |
| 02/22/2000 | Listed (Active) CLAW #P175267MR | $240,000 |
| 12/31/1999 | Expired CLAW #N4820MR | — |
| 12/31/1999 | Expired CRMLS #N4820 | $250,000 |
| 04/12/1999 | Listed (Active) CLAW #N4820MR | $250,000 |
| 04/12/1999 | Listed (Active) CRMLS #N4820 | $250,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 254 West 83rd Street
Schools near 254 West 83rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 4 |
Rating | School | Distance |
|---|---|---|
Dr. Owen Lloyd Knox Elementary School PublicK to 6 | ||
Mary Mcleod Bethune Middle School Public7 to 8 | ||
KIPP Empower Academy CharterK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Broadway Homes for Sale
- Figueroa Boulevard Homes for Sale
- Florence Homes for Sale
- Green Meadows Homes for Sale
- Metropolitan Southwest Homes for Sale
- South Los Angeles Homes for Sale
- Vermont Knolls Homes for Sale
- Vermont-Slauson Homes for Sale
- Vermont Vista Homes for Sale
- South Park Homes for Sale
- Los Angeles Southwest Homes for Sale
- Vermont Square Homes for Sale
- Westmont Homes for Sale
- Florence-Graham Homes for Sale
- Central Alameda Homes for Sale
- Los Angeles Homes for Sale
- Huntington Park Homes for Sale
- Compton Homes for Sale
- Gardena Homes for Sale
- Inglewood Homes for Sale
- Hawthorne Homes for Sale
- South Gate Homes for Sale
- Lynwood Homes for Sale
- Bell Homes for Sale
- Maywood Homes for Sale
- Cudahy Homes for Sale
- Carson Homes for Sale
- Torrance Homes for Sale
- Lawndale Homes for Sale
- Westchester Homes for Sale
- 90061 Homes for Sale
- 90001 Homes for Sale
- 90002 Homes for Sale
- 90011 Homes for Sale
- 90044 Homes for Sale
- 90037 Homes for Sale
- 90059 Homes for Sale
- 90047 Homes for Sale
- 90062 Homes for Sale
- 90058 Homes for Sale
- 90247 Homes for Sale
- 90248 Homes for Sale
- 90255 Homes for Sale
- 90222 Homes for Sale
- 90007 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Century 21 Realty Masters, Edith Villa, DRE #01303864
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.