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1507 W 83rd

Los Angeles, CA 90047
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Bed 16

Bed

Bath 16

Bath

SqFt6,722

Sqft(Lot)

Exceptional New-Construction 6-Unit Investment Opportunity in Los Angeles Welcome to 1507 W 83rd St, a brand-new six-unit multifamily property offering an attractive combination of strong income, modern construction, and low-maintenance ownership. With a desirable mix of spacious 2- and 3-bedroom residences, this property is designed to appeal to today’s renters while providing investors with an impressive income-producing asset. The unit mix includes a 3-bedroom/2-bath renting for $3,495, 2-bedroom/1.5-bath at $2,651, 3-bedroom/3-bath at $3,366, 2-bedroom/2-bath at $2,895, 3-bedroom/3-bath at $3,180, and a spacious 3-bedroom/3.5-bath at $3,695. Combined monthly rental income is $19,282, providing approximately $231,384 in annual gross rental income. All six residences are brand-new construction and feature central air conditioning, solar, stainless-steel appliances, modern finishes, and thoughtfully designed floor plans. Each unit is separately metered, with tenants responsible for their own utilities, helping reduce ongoing operating expenses for ownership. Another significant advantage is that the property is not subject to Los Angeles rent stabilization, providing greater flexibility for long-term ownership and income growth, subject to applicable state and local regulations. Currently offered at an approximately 7.4% pro forma cap rate, 1507 W 83rd St presents a compelling opportunity for investors seeking newer construction, strong rental income, reduced maintenance concerns, and six desirable units in the Los Angeles rental market. Six units. Brand-new construction. $231,384 in annual rental income. Tenant-paid utilities. Solar. Central air. A turnkey multifamily investment built for the future.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,399,999

AD Id : 91643873

MLS Id : RS26215065

Beds : 16

Lot Size : 6,722 Sq. Ft

Year Built : 2026

Garage : 4

County : Los Angeles

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Feature Features

  • Interior Features

    Appliances: Disposal, Microwave
    Laundry Features: Inside, LaundryRoom
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2026
    Building Area Total: 6650
    Pool Features: None
    Private Pool: No
    View: CityLights, Neighborhood

  • Lot Information

    Main Square Feet: 6722 Lot Size Acres: 0.1543 Lot Size Source: Assessor Lot Size Square Feet: 6,722 Lot Description: ZeroToOneUnitAcre,FrontYard

  • Listing Price Information

    Listing Price: $2399999
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  • Tax Information

    Parcel Number: 6034014015 Tax Lot: 353

  • Parking Information

    Parking Total: 13 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: North of Manchester and West of Normandie WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5953 S Denker Avenue, Los Angeles, CA, 90047 $750,000 3 3 -- 6,500 Sq. Ft
1423 W 65th, Los Angeles, CA, 90047 $799,000 3 3 -- 4,763 Sq. Ft
1417 W 84th, Los Angeles, CA, 90047 $1,999,999 15 14 -- 6,699 Sq. Ft
1530 W 81st Street, Los Angeles, CA, 90047 $850,000 7 3 -- 7,078 Sq. Ft
1510 W 84th, Los Angeles, CA, 90047 $630,000 10 5 -- 6,678 Sq. Ft
8463 S Halldale, Los Angeles, CA, 90047 $1,100,000 5 4 -- 4,016 Sq. Ft
1605 W 87th, Los Angeles, CA, 90047 $979,900 5 5 -- 6,581 Sq. Ft
1438 W 95th Street, Los Angeles, CA, 90047 $725,000 5 3 -- 4,903 Sq. Ft
7815 S Western, Los Angeles, CA, 90047 $525,000 -- 2 1,250 3,185 Sq. Ft
1726 W 83rd, Los Angeles, CA, 90047 $849,900 3 3 -- 6,651 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/10/2026 @ 20:41

MLS: RS26215065 LISTED BY: David Smith, REMAX Professionals 714-786-8221 SOURCE: CRMLS

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