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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 1,150,000
Est. payment /mo
Active Under Contract
423 E 82nd Street Los Angeles, CA 90003
3,031 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,031 sqft
Price per Sqft $379
MLS Listing ID CRSB25070559
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1966
Lot Size 5,200 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
Interior
Fireplace No
Laundry Common Area
Building
Water Public
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