624 W 83rd St, Los Angeles, CA 90044

624 W 83rd St, Los Angeles, CA 90044

Los Angeles, CA

Property Description

Lyons Stahl and Pacific Peak are proud to present this exclusive brand-new 4 -unit construction (July, 2023) with two spacious ADU. There are a total of 6 units combined consisting of (4) 4 Bed / 4 Bath & (2) 1 Bed / 1Bath. This pristine asset also offers a unique opportunity for buyer to qualify for traditional residential financing. Yes, that means 20% downpayment is enough to acquire. The units are all spacious and flow very nicely. Rental Sq. Ft totals 6,750. Ft. All units include refrigerator, stove and microwave. The 4 Bed units are 3 stories and the (2) 1 Bed units are all on the first floor. All units have a heating system and the (2) 1 Bedrooms have AC. All (4) 4 Beds are tankless Gas, and all (2) 1 Bed units are electrical. There are a total of 2 Water Meters, 6 Electrical Meters, and 4 Gas Meters. The entire building has high-end laminate floors, colorful tiled bathrooms, and recess lighting and fans. The entire lot is boarded by a new metal fence and wood panels. This property is completely turnkey and suitable for an investor or owner user. Located just 3.5 miles from Sofi Stadium and the Forum, 4 miles to USC and BMO Stadium, 8 miles to Downtown LA, and 10 miles from LAX, this property offers proximity to major attractions and employment hubs. With convenient access to the 110, 105, 10, and 405 freeways, commuting to various destinations. All units are vacant. Property is marketed at 6.375 CAP upon lease completion.

Property Features

  • Sale Price: $2,450,000
  • Area Size: 6,198 Sq. Ft.
  • Land Area: 10,015 Sq. Ft.
  • Year Built: 2023
  • Listing Date: 7/24/2023
  • Closing Date: 10/6/2023
  • Units: 6
  • Current GRM: 11.40
  • Current Cap Rate: 6.17%
  • Price Per Unit: $433,167
  • Market GRM: 11.40
  • Market Cap Rate: 6.17%

Lyon Stahl Investment Real Estate

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