423 E 82nd Street
Los Angeles, CA, 90003
$1,150,000
Beds
0 Baths
SqFt
0.12 Acres
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423 E 82nd Street is a fully renovated 4-unit property in one of
Los Angeles’ fastest-growing neighborhoods. Featuring an
excellent unit mix of four (4) spacious 3-bed/1-bath units, this
asset is ideal for both owner-users and investors seeking
strong cash flow. With one unit delivered tenant ready, an owner-
user can live in one unit while renting out the other three.
Current rents are leased above $2,700/month, making this
one of the highest-income-producing 4-plexes in the
neighborhood. Priced at an 8.27% cap rate, this property is a
true cash cow with proven rental income. All occupied units
are leased through Section 8 vouchers, ensuring stable,
government-subsidized income.
The property also features four covered parking spaces and
potential for ADU additions (buyer to verify). By adding just
one additional unit, projected returns increase to a 9.09% cap
rate. Located in a rapidly developing submarket, 423 E 82nd St is
just minutes from USC, Downtown LA, SoFi Stadium, and more,
ensuring strong rental demand and long-term appreciation.
Don’t miss this opportunity to own a high-yield, value-packed
multifamily property in a transforming neighborhood!

Property Details

Price:
$1,150,000
MLS #:
SB25070559
Status:
Active
Baths:
0
Address:
423 E 82nd Street
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Apr 1, 2025
State:
CA
ZIP:
90003
Lot Size:
5,200 sqft / 0.12 acres (approx)
Year Built:
1966
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Biking, Curbs, Sidewalks, Street Lights, Suburban, Urban
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
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Public

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423 E 82nd Street
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