154 E 82nd Place, Los Angeles, California 90003, Los Angeles, 90003 - 8 bed, 4 bath
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Los Angeles, California 90003
This Strategic Residential Income Quadruplex is a Strong Value Opportunity, listed at $899,999, which is positioned exactly at its $899,999 Fair Market Value. Boasting a Good Condition Rating, the property features a renovated front residence with modern white shaker cabinets and stainless steel appliances, offering the privacy of a single-family home. With three additional units occupied by long-term tenants, the asset ensures immediate stability and rental demand in the Los Angeles Unified district. This is a premier choice for Owner-Occupants looking to house-hack or Buy-and-Hold Investors seeking a secure, multi-unit asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 154 E 82nd Place Subject | $899,999* List Price | 8 | 4 | 2,894 | $311 | - |
A 431 W 81st St Sold | $920,000 | 7 | 3 | 2,539 | $362 | 0.6 mi |
B 146 E 89th Street Sold | $790,000 | 0 | 0 | 3,522 | $224 | 0.6 mi |
C 245 W 73rd Active | $965,000 List Price | 6 | 4 | 2,746 | $351 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1941, the interior of the unit shown in the images (likely Unit A) has undergone significant and recent updates. The kitchen features modern white shaker cabinets, light grey countertops, a white subway tile backsplash, and stainless steel appliances, appearing to be renovated within the last 5-10 years. The bathroom is also recently updated with a modern vanity, large format grey tile shower surround, and contemporary fixtures. The flooring throughout the living areas and bedrooms is updated laminate, and the walls are freshly painted. While the exterior shows the age of the property and the heating system (wall heater) is older, the key interior spaces are move-in ready and do not require immediate renovation, aligning with the 'Good' condition criteria for properties extensively renovated within 5 to 15 years.
This property presents an excellent opportunity for both traditional investors and owner-investors, offering the income power of a quadruplex.
The front residence (Unit A) provides a spacious 927 sq ft layout with private laundry, feeling distinctly separate and offering the comfort and privacy of a single-family home for an owner-occupant.
All three additional units are currently tenant-occupied with long-term residents, ensuring immediate and consistent rental income for the new owner.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 2.
Built in 1941, the property's age may imply potential for deferred maintenance, outdated systems (e.g., plumbing, electrical, HVAC), or the need for significant capital expenditures for modernization over time.
The property explicitly states 'None' for views, which can be a drawback in the Los Angeles market where scenic views often contribute significantly to property value and desirability.
This is an incredible opportunity for a traditional investor or an owner-investor! The front residence — although attached — feels distinctly separate from the rental units behind it, offering the comfort and privacy of a single-family home along with the income power of a multi-unit investment. This spacious 927 sq ft front unit (Unit A) features 2 bedrooms, 1 bath, its own private laundry room, generous room sizes, and a welcoming layout ideal for an owner-occupant. Units 1–3 each offer functional 2-bedroom, 1-bath layouts with efficient 5-room floor plans ranging from 627 to 685 sq ft. These units feature well-kept interiors with practical finishes and layouts that continue to appeal to long-term renters. All three units are tenant-occupied with long-term residents in place. The property offers strong rental appeal with its electric gated entry, secure parking, and convenient South LA location — a combination that supports steady occupancy and consistent demand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 0.0 | 98% |
| Baths | 4.0 | 0.0 | 96% |
| Square foot | 2,894 | 1,907 | 67% |
| Lot Size | 5,063 | 5,170 | 22% |
| Price | $900.0K | $770.0K | 71% |
| Price per sq ft | $311 | $360 | 31% |
| Built year | 1941 | 1930 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 191 | 11% |
Jan 24, 2026
$899,999
Initial Listing