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1250 W 83rd St, Los Angeles, CA 90044
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1250 W 83rd St Los Angeles, CA 90044

$1,499,999
  • 4 Beds
  • 6 Baths
  • 3,513 Sq.Ft.
For Sale
$1,499,999 Get Pre-Qualified
Map preview of 1250 W 83rd St, Los Angeles, CA 90044

Property Overview: 1250 W 83rd St Los Angeles, CA has 4 bedrooms, 6 bathrooms, 3,513 living square feet and 3,065 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: FANTASTIC INVESTMENT OPPORTUNITY! Located in vibrant South Los Angeles! This beautiful remodeled 6-U property offers 4 desirable 1B/1BATH units and 2 cozy studios. Recent upgrades include new flooring throughout, fresh interior paint, and modern lighting and fixtures. Some new plumbing and electrical systems Windows provide ample natural light and improved energy efficiency. Enjoy the low maintenance charm of new artificial grass, complemented by an outdoor privacy gate for added security and seclusion. This is an ideal investment for both seasoned and new investors alike with a 8% cap rate! Expenses such as property taxes are calculated based on current listed price. Insurance and water expenses are based on current fees. Dont miss out on this exceptional opportunity!! DRIVE BY ONLY DO NOT DISTURB TENANTS Buyer to cooperate with seller's 1031 exchange at no cost to buyer

Listed by Erica Ruiz | BRE #01350945 | Casa Bella Realty Group
Last checked: 15 minutes ago | Last updated: August 22nd, 2024 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
3,065
HOA Dues
$0/mo
Year built
1930
Garage
4 Car
Property Type:
Apartment
Status
Active
MLS#
SB24162218
City
Los Angeles
County
Los Angeles
Time on Site
43 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,301
  • Total Rent: $2,301
  • Pro Forma/Market Rent: $2,301
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,301
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,301
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,973
  • Total Rent: $1,973
  • Pro Forma/Market Rent: $2,301
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,900
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $3,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8%
  • Gross Rent Multiplier: 10
  • Gross Scheduled Income: $149,688
  • Net Operating Income: $118,453
  • Gross Operating Income: $142,203
Annual Expense Breakdown
  • Total Operating Expense: $23,750
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $18,750
  • Trash: $0
  • Insurance: $3,000
  • Professional Management: $0
  • Water/Sewer: $2,000
  • Other Expenses: $7,484
  • Other Expense Description: VACANCY

Open Houses for 1250 W 83rd St

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Property Details for 1250 W 83rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 6033004001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is 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 83rd ST
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1250 W 83rd St

Last sold for $765,000 on January 31st, 2019

  • August, 2024

  • Aug 6, 2024

    Date

    Active

    CRMLS: SB24162218

    $1,499,999

    Price

  • May, 2022

  • May 1, 2022

    Date

    Expired

    CRMLS: AR22017328

    $1,070,000

    Price

  • Jan 28, 2022

    Date

    Active

    CRMLS: AR22017328

    $1,070,000

    Price

  • Listing provided courtesy of CRMLS

    1250 W. 83rd Street is a 6-unit property located in South Los Angeles. The unit mix is (4) 1B+1B units and (2) studios. The property is well maintained and boasts excellent curb appeal. Corner lot positioning offers easy access to garages. Tenants enjoy being minutes from local eateries and shops. Don’t miss the opportunity to acquire this gem of an investment property!

  • February, 2019

  • Feb 1, 2019

    Date

    Sold

    CRMLS: PW19001590

    $765,000

    Price

  • Jan 3, 2019

    Date

    Active

    CRMLS: PW19001590

    $788,888

    Price

  • Listing provided courtesy of CRMLS

    6-Unit Apartment in the heart of Los Angeles!!! Built in 1930, this fantastic slice of history is ready for a new owner! Located within miles of Downtown Los Angeles, USC, Mt Saint Marys College, Museums and so much more, this building has a lot to offer. The unit shown in the photos is the upper corner unit and has newer rustic laminate flooring, plus a remodeled bathroom. Property features (4) 1 bedroom, 1 bath & utility room. (2) Studio units above the garages. Both Studios have been remodeled w/ copper plumbing. Plumbing Main line & 4 new garage doors have been completed. Click tour icon with pictures and see actual unit in 3-D as if you were inside. Don't miss this wonderful income opportunity!

  • February, 2019

  • Feb 1, 2019

    Date

    Sold

    CRMLS: PW19001600

    $765,000

    Price

  • Jan 21, 2019

    Date

    Pending

    CRMLS: PW19001600

    $788,888

    Price

  • Jan 3, 2019

    Date

    Active

    CRMLS: PW19001600

    $788,888

    Price

  • Listing provided courtesy of CRMLS

    6-Unit Apartment in the heart of Los Angeles!!! Built in 1930, this fantastic slice of history is ready for a new owner! Located within miles of Downtown Los Angeles, USC, Mt Saint Marys College, Museums and so much more, this building has a lot to offer. The unit shown in the photos is the upper corner unit and has newer rustic laminate flooring, plus a remodeled bathroom. Property features (4) 1 bedroom, 1 bath & utility room. (2) Studio units above the garages. Both Studios have been remodeled w/ copper plumbing. Plumbing Main line & 4 new garage doors have been completed. Click "film" tour icon with pictures and see actual unit in 3-D as if you were inside. Don't miss this wonderful income opportunity!

  • January, 2019

  • Jan 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $765,000

    Price

  • August, 2018

  • Aug 16, 2018

    Date

    Canceled

    CRMLS: DW18122134

    $888,000

    Price

  • Aug 16, 2018

    Date

    Withdrawn

    CRMLS: DW18122134

    $888,000

    Price

  • Jul 9, 2018

    Date

    Active

    CRMLS: DW18122134

    $888,000

    Price

  • May 30, 2018

    Date

    Pending

    CRMLS: DW18122134

    $888,000

    Price

  • May 23, 2018

    Date

    Active

    CRMLS: DW18122134

    $888,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to own a prime 6 unit building!! With extreme rent upside potential! Located 2 miles from the Mega Billion Dollar LA Rams Stadium, Forum and minutes from USC, NEW Banc of California LAFC Stadium, Downtown Los Angeles and much more! The property consist of four 1 bedroom units and two studio units. Studio units are remodeled throughout with new copper plumbing. A new plumbing main line was just completed and 4 new garage doors. New exterior paint! Prime Location, Location, Location.

  • August, 2017

  • Aug 23, 2017

    Date

    Sold

    CRMLS: SR17195632

    $550,000

    Price

  • Aug 23, 2017

    Date

    Active

    CRMLS: SR17195632

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    Sold before processing

  • August, 2017

  • Aug 23, 2017

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

Show More

Tax History for 1250 W 83rd St

Assessed Value (2020): $780,300
Year Land Value Improved Value Assessed Value
2020 $408,000 $372,300 $780,300

Home Value Compared to the Market

This property vs the competition

1250 W 83rd St is listed 25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $426.99 per/sqft which puts the price per square foot 44.4% lower than the median price per square foot for the city of Los Angeles.

About 1250 W 83rd St

Detailed summary of property

1250 W 83rd St is a apartment located in Los Angeles, CA 90044 and is currently for sale. This apartment offers 4 bedrooms, 6 bathrooms, roughly 3,513 living square feet, and sits on an approximately 3,065 square foot lot. 1250 W 83rd St was first listed on ArdentRealEstateGroup.com on August 6, 2024. The homeowner is currently asking $1,499,999. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25% higher than the median priced home. Local competing homes currently for sale include 6209 S Hoover St, 1233 W 60th St and 1016 W 110th St. While the average home in Los Angeles, CA is selling in 106 days, 1250 W 83rd St has a days on market of 42 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 1250 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 1250 W 83rd St

Public county record property details
Beds
4
Baths
6
Year built
1930
Sq. Ft.
3,513
Lot Size
3,065
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
6033-004-001

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%)

Tour This Home

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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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