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Listed by Sean Rosenzweig of Marcus & Millichap
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.

Property Details of 159 E 83rd Street

Property Details

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Based on information submitted to CRMLS as of February 23, 2024 2:57 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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