159 East 83rd Street

Los Angeles CA 90003

1592 sq. ft.

4851 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to offer for sale a 2008 constructed duplex apartment community located at 159 East 83rd Street. The subject property is located just north of Firestone Boulevard and east of the 110 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 4,851 square foot parcel, the property is comprised entirely of three-bedroom one-bathroom units. There is 15% rental upside through interior renovations. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 159 East 83rd Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together.