423 E 82nd ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25070559
HOA Y/N No
Year Built 1966
Lot Size 5,201 Sqft
Property Sub-Type Quadruplex
Property 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!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking,Curbs,Street Lights,Suburban,Sidewalks,Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Faces East
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6030031006
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,FHA
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,FHA
Special Listing Condition Standard