Sale date: 2025-05-19

$1,180,000For Sold

423 E 82nd St, Los Angeles, CA 90003

  • -Beds
  • 0
    Baths
  • sqft
  • 5,201
    sqft lot
  • Beds
  • 0
  • sqft
  • 5,201 sqft lot
Property Highlight
Year built
1966
Listed for
78 days
Price / Home Size
$- / sqft
Parking
4
HOA fee
$0 / mo
A/C
-
Home Type
Quadruplex
View
-
Description

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!

Listing Provided Agent
  • • Name: Aaron Jacobson
  • • DRE: 02100737
  • • Email: aaron@lyonstahl.com
  • • Phone: -
Listing Provided Office
  • • Name: -
  • • Email: -
  • • Phone: -
Co-Listing Agent
  • • Name: Brandon Maghen
  • • DRE: 02250000
  • • Email: Brandon.maghen@lyonstahl.com
  • • Phone: -
Co-Listing Office
  • • Name: Lyon Stahl Investment Real Estate, Inc.
  • • Email: -
  • • Phone: 310-425-9838
Source
  • • CRMLS #SB25070559crmls logo
Local Information
Home Details for 423 E 82nd St
Interior
Features
  • Common walls: No Common Walls
Appliances
  • Laundry: Common Area
Bedrooms
Bathrooms
Exterior
Features
  • Home Type: Multifamily
  • New Construction: No
  • Levels: None
  • Stories: None
  • Entry Level: 1
  • Entry Location: front
Parking & Garage
  • # of Parking spaces: 4
  • Garage Spaces: 4
lot
  • Size: 5,201 sqft
  • Size source: Assessor
  • Elevation Unit: Feet
Details
  • Parcel Number: 6030031006
  • Special Condition: Standard
  • Property Condition: Zoning: LAR2
  • # of Total unit: 4
  • Common Interest: None
Utilities
Utilities
  • Water: Public
  • Sewer: Public Sewer
Community & HOA
Community
  • Biking, Curbs, Street Lights, Suburban, Sidewalks, Urban
HOA
Property Financial History
DateEventPrice
05/19/2025
crmls #SB25070559
Off Market
-
05/19/2025
crmls #SB25070559
Sold
$ 1,180,000+2.6%
04/02/2025
crmls #SB25070559
Listed for Sale
$ 1,150,000
Real Estate Locations
California
Georgia