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831 E 83rd St, South LA

South LA Triplex

FULLY LEASED AT $4,200 PER UNIT! A brand new 2023 construction NON RENT CONTROLLED triplex (Duplex + ADU)! Delivered with three huge, five bedroom, three bathroom units! $156,000 in gross annual rents! Low maintenance cash cow! Highly rentable units.

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

$/Unit:

Unit Mix:

Opportunity Zone:

Parking:

Other Features:

$1,795,000

Triplex

Pre-Market

3

2023

6.63%

11.87

$151,200/Year (Pro Forma)

4,892 sqft

5,099 sqft

$366.93

$598,333

3 x 5b/3b

No

1 Garage Spot, 5 Exterior Spots
(3 Permitted/2 Bonus)

Non Rent Controlled,
Fully Leased at Market Rents

The Highlights

  • Real 6.63% cap rate!!

  • Fully leased at market rents

  • NO RENT CONTROL

  • Spacious floorplans

  • All units separately metered for gas, electric AND water!

  • DREAM owner occupier opportunity! Enjoy a luxury home while tenants pay the mortgage!

  • Low maintenance

  • Minimal expenses

The Neighborhood

<15-Minute Walk

Roscoe's House of Chicken and Waffles, John C. Fremont High School, El Pollo Loco, The Burger Palace, Oh Manna Fish Market, Church's Texas Chicken, A Huevo Cafe, Ying Hana Teriyaki

<15-Minute Drive

Roscoe's House of Chicken and Waffles, John C. Fremont High School, El Pollo Loco, The Burger Palace, Oh Manna Fish Market, Church's Texas Chicken, A Huevo Cafe, Ying Hana Teriyaki

<$15 Uber Ride

Roscoe's House of Chicken and Waffles, John C. Fremont High School, El Pollo Loco, The Burger Palace, Oh Manna Fish Market, Church's Texas Chicken, A Huevo Cafe, Ying Hana Teriyaki

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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