About 612 E 83rd Street
We are pleased to present the opportunity to acquire 612 E. 83rd Street, a well-maintained 4-unit multifamily property located in the Florence neighborhood of South Los Angeles. Built in 1926, the property consists of four detached cottage-style 1-bedroom, 1-bathroom units totaling 1,920 square feet of rentable space on a 5,740 square foot lot. The property's bungalow-style layout provides residents with greater privacy and a more residential living experience than a traditional apartment building. Each unit is separately metered for gas and electricity and features its own water heater, helping reduce operating expenses and simplify management. Additional amenities include a gated entrance and four gated on-site parking spaces. Three units will be delivered vacant at closing, presenting an exceptional opportunity for an owner-user to occupy one unit while generating rental income from the remaining units, or for an investor to lease both vacancies at market rents and immediately increase the property's income potential. The property offers convenient access to Downtown Los Angeles, USC, Exposition Park, BMO Stadium, and the Los Angeles Memorial Coliseum. Residents also benefit from excellent regional connectivity via the 110, 10, and 105 Freeways, as well as nearby public transportation. The surrounding area continues to experience ongoing public and private investment, strong rental demand, and a limited supply of quality workforce housing, positioning the property for stable occupancy and long-term appreciation.
