Property Detail

Description

1046 W 83rd Street presents a rare opportunity to acquire a beautifully renovated six-unit multifamily asset in the heart of Los Angeles. The property originally consisted of a triplex. In 2025, ownership completed construction of two detached ADUs, which are exempt from rent control. In 2026, ownership converted the original triplex into a fourplex after gutting and fully upgrading the interiors of all original units. Four units are currently vacant, allowing a new owner to lease at market rents with minimal additional capital investment. Major system upgrades, including new electrical, copper plumbing, and brand new ADU construction, substantially reduce future capital expenditure risk. Strategically located near the Evermont mixed-use development, USC, major employment centers, and convenient freeway and transit access, the property offers investors an attractive combination of strong long-term rental demand and projected stabilized returns.