1507 W 83rd, Los Angeles, CA 90047

• 6,650 sqft

Property Description

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.

Listing Status:

Active

Date Added:

October 2, 2026

Data Last Updated:

October 10, 2026 at 5:18AM

Listing Office:

REMAX Professionals : 714-786-8221

Listing Agent:

David Smith : 714-786-8221

Contact:

562-824-8444

MLS ID:

RS26215065

Interior

• Appliances: DisposalMicrowave
• Laundry: InsideLaundry Room
• A/C: Central Air
• Heating: Central

Exterior

• General: None
• Pool: None
• Parking: AssignedParking spaces: 13

Construction

• General: 3

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 6034014015
• View: City LightsNeighborhoodView
• Fencing: Block

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Sewer Tap Paid

Financial

• Source: CRMLS_CRM