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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
  • 3,065 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, 3,065 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 8% CAP RATE and GRM 10% One of the best investments out there! Property is located in vibrant South Los Angeles. This beautiful remodeled property consist of 4 1bed 1 bath units and 2 cozy studios. Recent upgrades include new flooring throughout, fresh interior paint, and modern lighting fixtures. some new plumbing and electrical systems. windows provide ample natural light and improved energy efficiency. low maintenance artificial grass, outdoor privacy gate for added security and seclusion. Ideal investment for both seasoned and new investors! DRIVE BY ONLY, DO NOT DISTURB TENANTS

Listed by Erica Ruiz | BRE #01350945 | Casa Bella Realty Group
Last checked: 46 seconds ago | Last updated: August 19th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
3,065
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SB24171616
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,100
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,301
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,200
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,973
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,950
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Actual Rent: $1,950
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $149,688
  • Net Operating Income: $118,453
  • Gross Operating Income: --
  • Vacancy Allowance: $7,484
Annual Expense Breakdown
  • Total Operating Expense: $21,234
  • Insurance: $3,000
  • Water/Sewer: $2,000

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Property Details for 1250 W 83rd St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 6033004001
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Vermont and North of 83rd St
View more facts & features

Local Los Angeles Agent

Sale History for 1250 W 83rd St

View property's historical transactions

  • August, 2024

  • Aug 19, 2024

    Date

    Active

    CRMLS: SB24171616

    $1,499,999

    Price

Tax History for 1250 W 83rd St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

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 $489.4 per/sqft which puts the price per square foot 36.28% 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 multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 4 bedrooms, 6 bathrooms, roughly 3,065 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 19, 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 4351 S Western Ave, 915 E 50th St and 1544 E Florence Ave. While the average home in Los Angeles, CA is selling in 106 days, 1250 W 83rd St has a days on market of 27 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
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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%)

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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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