423 E 82nd Street
Los Angeles, CA 90003
0.12 acres | #SB25070559
Description
423 E 82nd Street is a fully renovated 4-unit property in one of
Los Angeles’ fastest-growing neighborhoods. Featuring an
excellent unit mix of four (4) spacious 3-bed/1-bath units, this
asset is ideal for both owner-users and investors seeking
strong cash flow. With one unit delivered tenant ready, an owner-
user can live in one unit while renting out the other three.
Current rents are leased above $2,700/month, making this
one of the highest-income-producing 4-plexes in the
neighborhood. Priced at an 8.27% cap rate, this property is a
true cash cow with proven rental income. All occupied units
are leased through Section 8 vouchers, ensuring stable,
government-subsidized income.
The property also features four covered parking spaces and
potential for ADU additions (buyer to verify). By adding just
one additional unit, projected returns increase to a 9.09% cap
rate. Located in a rapidly developing submarket, 423 E 82nd St is
just minutes from USC, Downtown LA, SoFi Stadium, and more,
ensuring strong rental demand and long-term appreciation.
Don’t miss this opportunity to own a high-yield, value-packed
multifamily property in a transforming neighborhood!
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,150,000
- MLS #SB25070559
- Property SubtypeQuadruplex
- MLS #SB25070559
- Cost1150000
- Acres0.1194
- Utility SourcePublic
- Year Built1966
- Stories2
- Parking Spaces4
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Aaron Jacobson (#SBJACOAAR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
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