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1122 W 83rd St., Los Angeles, CA 90044
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1122 W 83rd St. Los Angeles, CA 90044

$646,500 Sold Price as of 04/09/2021
  • 4 Beds
  • 2 Baths
  • 2,229 Sq.Ft.
Sold
$646,500 Sold Price as of 04/09/2021 Refinance Your Mortgage
Map preview of 1122 W 83rd St., Los Angeles, CA 90044

Property Overview: 1122 W 83rd St. Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,229 living square feet and 5,577 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the market due to buyer unable to perform.!! Sellers are highly motivated to sell and want it sold. Property has a detached garage that is eligible for conversion per City of Los Angeles for a 3rd source of income. Selling the property in "AS IS" condition. Property will be also sold with current tenants in place. This property has a lot of upside and potential. Accepting Back up offers. Great investment opportunity for anyone seeking to start or expand their Real Estate portfolio. This beautiful and well kept investment property and it's located in the highly desirable Vermont Knolls area. This property sits near the Vermont Corridor, close to the New Metro line expansion to the westside, close to the New Inglewood Rams Stadium, and host to the 2028 Olympics. It's a Two-Unit Property, one upstairs and one down stairs. Both units are long term Section 8 Tenant occupied. Both units are identical and both are 2 Bedroom 1 Bathroom each. Each Unit has it's own one car garage. Upstairs unit was recently remodeled and downstairs just needs some minor TLC. The property is just minutes away from 110 and 105 Freeway, local Hospitals, shopping centers, DTLA, and Inglewood. Property will be Sold "AS-IS' condition and with it's current tenants. Summit offers subject to interior inspection. Any questions contact listing agent (323) 695-1868.

Listed by Edwin Blanco | BRE #02054714 | Century 21 A Better Service
Last checked: 15 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 147

Home details

Lot Sq. Ft
5,577
HOA Dues
$0/mo
Year built
1939
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
DW20183857
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $34,200
  • Net Operating Income: $19,550
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,650
  • New Taxes: $8,750
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,700
  • Water/Sewer: $3,600

Property Details for 1122 W 83rd St.

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Front Yard, Lawn, Flag Lot, Near Public Transit, Yard
  • Lot Size Source: Other
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6033015016
  • Year Built Source: Other
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Vermont and North of Manchester
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1122 W 83rd St.

Last sold for $646,500 on April 9th, 2021

  • April, 2021

  • Apr 12, 2021

    Date

    Sold

    CRMLS: DW20183857

    $646,500

    Price

  • Mar 17, 2021

    Date

    Pending

    CRMLS: DW20183857

    $649,999

    Price

  • Jan 27, 2021

    Date

    Active

    CRMLS: DW20183857

    $649,999

    Price

  • Jan 25, 2021

    Date

    Pending

    CRMLS: DW20183857

    $649,999

    Price

  • Jan 25, 2021

    Date

    Price Change

    CRMLS: DW20183857

    $649,999

    Price

  • Jan 25, 2021

    Date

    Price Change

    CRMLS: DW20183857

    $639,999

    Price

  • Jan 25, 2021

    Date

    Active

    CRMLS: DW20183857

    $649,999

    Price

  • Jan 6, 2021

    Date

    Pending

    CRMLS: DW20183857

    $649,999

    Price

  • Oct 27, 2020

    Date

    Price Change

    CRMLS: DW20183857

    $649,999

    Price

  • Sep 17, 2020

    Date

    Price Change

    CRMLS: DW20183857

    $669,999

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: DW20183857

    $679,999

    Price

  • Sep 5, 2020

    Date

    Price Change

    CRMLS: DW20183857

    $679,999

    Price

  • Sep 4, 2020

    Date

    Coming Soon

    CRMLS: DW20183857

    $669,999

    Price

  • August, 2020

  • Aug 22, 2020

    Date

    Expired

    CRMLS: 20566086

    $699,900

    Price

  • Jun 21, 2020

    Date

    Price Change

    CRMLS: 20566086

    $699,900

    Price

  • Jun 6, 2020

    Date

    Price Change

    CRMLS: 20566086

    $749,900

    Price

  • May 22, 2020

    Date

    Active

    CRMLS: 20566086

    $750,000

    Price

  • May 21, 2020

    Date

    Expired

    CRMLS: 20566086

    $750,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: 20566086

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Price Just Reduced Significantly!!! This property is an Outstanding Investment Opportunity located in the highly sought after Vermont Knolls area! It sits in the heart of several groundbreaking events in Los Angeles and the Vermont Corridor, including a new Metro line expansion to the westside, the Inglewood Rams Stadium and the 2028 Olympics. Both units, one upstairs and one down are currently tenant occupied with long term tenants. Each unit offers 2 bedrooms, 1 bath with a full laundry room. Each unit has a private garage which may be converted to a ADU (Check with City of LA). The downstairs unit needs a little TLC. The property is tucked away in one of Los Angeles Southwest residential communities and is minutes from DTLA, Inglewood, 110 and 105 FWYS, Hospitals, grocery stores and shopping. Additionally it's minutes from the Baldwin Hills Crenshaw Plaza that is undergoing a massive redevelopment. Property will be sold with existing tenants.

  • March, 2020

  • Mar 22, 2020

    Date

    Canceled

    CRMLS: 20566052

    $750,000

    Price

  • Mar 22, 2020

    Date

    Active

    CRMLS: 20566052

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Very sharp duplex with one unit upstairs and one down. Each unit has 2 bedrooms, 1 bath with a full laundry room and formal dining rooms. The property features a large backyard with separate garages, located just minutes from the Inglewood Rams Stadium and Downtown LA.

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Tax History for 1122 W 83rd St.

Assessed Value (2020): $176,648
Year Land Value Improved Value Assessed Value
2020 $60,605 $116,043 $176,648

Home Value Compared to the Market

This property vs the competition

1122 W 83rd St. sold on April 9, 2021 for 41.96% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $291.61 per/sqft which puts the price per square foot 59.72% lower than the current median sale per square foot for the city of Los Angeles.

About 1122 W 83rd St.

Detailed summary of property

1122 W 83rd St. is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,229 living square feet, and sits on an approximately 5,577 square foot lot. 1122 W 83rd St. was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $646,500. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.96% lower than the current median priced home. Local homes that are currently for sale include 8911 S Western Ave, 443 W 71st St and 1253 W 65th St. While the average home in Los Angeles, CA is selling in 106 days, 1122 W 83rd St. has a days on market of 147 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1122 W 83rd St. Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1122 W 83rd St.

Public county record property details
Beds
4
Baths
2
Year built
1939
Sq. Ft.
2,229
Lot Size
5,577
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
6033-015-016

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$513
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
87
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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