$10,000 Closing Credit¹
#OC25047015, Steven Patton, Listing Office: HCM Real Estate
#SB25070559·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Aaron Jacobson·
Listing office phone: 310-729-1559
$1,150,000 List price
423 E 82nd St Los Angeles, CA 90003
$10,000
Closing credit¹
0.1 acres
Multi-Family
Property details
About 423 E 82nd St
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!
Highlights
Home typeQuadruplex
StatusActive
Lot size0.1194 Acres
Year built1966
MLS #SB25070559
Garage4 spaces
Summary
- MLS Number: SB25070559
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 729-1559
- Listing Agent: Aaron Jacobson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/15/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,150,000
423 E 82nd St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2010 | Home Sold | $241,000 |
| Sep 04, 1998 | Home Sold | $283,000 |
| Dec 18, 1997 | Home Sold | $121,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $304,976 | $4,131 |
| 2023 | $298,997 | $4,059 |
| 2022 | $293,135 | $3,882 |
| 2021 | $287,388 | $3,820 |
| 2020 | $284,442 | $3,712 |
| 2019 | $278,865 | $3,638 |
| 2018 | $273,398 | $3,563 |
| 2017 | $268,038 | $3,563 |
History based on county public records data.
Nearby schools
3
South Park Elementary School
Public District KG-6
0.3 mi
•8510 Towne Ave
3
McKinley Avenue Elementary School
Public District KG-6
0.4 mi
•7812 McKinley Ave
3
75th Street Elementary School
Public District KG-6
0.7 mi
•142 W 75th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,792. The most common annual income of people living in Los Angeles, CA is less than $<35k. Most families are married, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
59%
<35k
37%
35k-100k
2%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
28%
Single, No Kids
27%
Single, with Kids
10%
Married, No Kids
35%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
13%
12-17 yrs old
29%
18-34 yrs old
31%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
H&M
Burlington
Where do the neighbors go to eat?
Jack In The Box
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 423 E 82nd St in Los Angeles, CA and zip code 90003 in the South LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 2, 2025 and is currently priced at $1,150,000.
While more than 302 listings in Los Angeles, CA in March 2025 were sold above asking price, there were more than 116 listings sold at asking price, and more than 322 were sold below. The number of listings in Los Angeles, CA increased by 13.7% between February and March 2025. In March 2025 median list price was $940,937 and the average listing age was 39 days.
From Rocket Homes Real Estate and based on county public records data.