423 E 82nd Street
Los Angeles, CA 90003
0.12 acres | #SB25070559
Description
423 E 82nd Street is a fully renovated 4-unit property in one of<br />Los Angeles’ fastest-growing neighborhoods. Featuring an<br />excellent unit mix of four (4) spacious 3-bed/1-bath units, this<br />asset is ideal for both owner-users and investors seeking<br />strong cash flow. With one unit delivered tenant ready, an owner-<br />user can live in one unit while renting out the other three.<br />Current rents are leased above $2,700/month, making this<br />one of the highest-income-producing 4-plexes in the<br />neighborhood. Priced at an 8.27% cap rate, this property is a<br />true cash cow with proven rental income. All occupied units<br />are leased through Section 8 vouchers, ensuring stable,<br />government-subsidized income.<br />The property also features four covered parking spaces and<br />potential for ADU additions (buyer to verify). By adding just<br />one additional unit, projected returns increase to a 9.09% cap<br />rate. Located in a rapidly developing submarket, 423 E 82nd St is<br />just minutes from USC, Downtown LA, SoFi Stadium, and more,<br />ensuring strong rental demand and long-term appreciation.<br />Don’t miss this opportunity to own a high-yield, value-packed<br />multifamily property in a transforming neighborhood!
Location
Legal
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Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: Aaron Jacobson (#SBJACOAAR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
Provided By (Buyer)
Buyer's Agent: Brian Jung (#PWJUNGBRI)
