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159 E 83rd Street

Los Angeles (City), CA 90003
  • $800,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 24355557
UPDATED: 61 min ago
$800,000
  • 6
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,592
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2008
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (310-909-5500)


Description

We are pleased to offer for sale a 2008 constructed duplex apartment community located at 159 East 83rd Street. The subject property is located just north of Firestone Boulevard and east of the 110 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 4,851 square foot parcel, the property is comprised entirely of three-bedroom one-bathroom units. There is 15% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 159 East 83rd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T17:39:39.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147345709
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159 E 83rd Street Los Angeles (City), CA 90003

  • Price: $800,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 61 min ago
  • ID#: 24355557
6
Beds
0
Baths
0
½ Baths
0.11
Acres
1,592
SQFT
$503
$/SQFT
2008
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
We are pleased to offer for sale a 2008 constructed duplex apartment community located at 159 East 83rd Street. The subject property is located just north of Firestone Boulevard and east of the 110 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 4,851 square foot parcel, the property is comprised entirely of three-bedroom one-bathroom units. There is 15% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 159 East 83rd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together.
Exterior Features

Parking Total 4

Property Features

Association YN No Cap Rate 6.03 Gross Income 72000 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 51284 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T17:39:39.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (310-909-5500)