423 E 82nd St - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,150,000 USD
310-729-1559
423 E 82nd St, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/9
null | 8.27% Cap Rate

423 E 82nd St
Los Angeles, CA 90003
Canndu/Avalon Gardens


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

8.27%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,210 SF

ZONING

LAR2

APN/PARCEL ID

6030-031-006

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.