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1346 W 83rd Pl, Los Angeles, CA 90044
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1346 W 83rd Pl Los Angeles, CA 90044

$1,099,000
  • 9 Beds
  • 5 Baths
  • 2,324 Sq.Ft.
For Sale
$1,099,000 Get Pre-Qualified
Map preview of 1346 W 83rd Pl, Los Angeles, CA 90044

Property Overview: 1346 W 83rd Pl Los Angeles, CA has 9 bedrooms, 5 bathrooms, 2,324 living square feet and 5,899 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: Great investment opportunity here in the city of Los Angeles. The property is 10 minutes away from the Rams/Sofi stadium, the USC soccer stadium, and also the new Intuit Dome, an arena under construction in Inglewood, California located south of SoFi Stadium. It will be the home of the Los Angeles Clippers of the National Basketball Association (NBA). Amazing income property. 3 units were upgraded with laminated floors, new kitchens, remodeled bathrooms. Great investment for future development and the zoning is a R1.5 zone! Total of 4 units. Each unit has a separate meter for gas and electricity. This is a great investment opportunity you do not want to miss out. 3 Units are generating $5200 already. A lucrative income potential with its current gross rents per month and remarkably low operating expenses. Owner is highly motivated. submit subject to interior inspection. Property sold in its AS-IS condition. Open house Saturday (03/09/2024) and Sunday (03/10/2024) from 10am to 2pm. Showing Agent will show ONLY Front Unit and front/back of the property but will not show the rest of the units. Please, Do Not Disturb the tenants of the units 2-4. You cannot go on your own, the showing agent must be present with you at all times.

Listed by Jose Ortiz | BRE #01773075 | Lovett & Associates, REALTORS
Last checked: 13 minutes ago | Last updated: March 17th, 2024 | Source CRMLS | DOM: 52
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Home details

Lot Sq. Ft
5,899
HOA Dues
$0/mo
Year built
1951
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
DW24037323
City
Los Angeles
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.29%
  • Gross Rent Multiplier: 10.05
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $91,124
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,276
  • Electric: $1,062
  • Licenses: $320
  • New Taxes: $13,738
  • Trash: $0
  • Insurance: $1,532
  • Water/Sewer: $2,068

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Property Details for 1346 W 83rd Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • All Bedrooms Down, Entry, Living Room
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Tankless Water Heater, Trash Compactor, Water Heater
Interior Features
  • Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Window Features: Blinds, Double Pane Windows, Screens
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Security System, Smoke Detector(s), Window Bars
  • Door Features: Double Door Entry, Mirror Closet Door(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Lighting, Rain Gutters
  • Has Fence
  • Block, Chain Link, Wrought Iron
  • Other Structures: Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Paved, Garage, Garage - Single Door, Gated
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Level with Street, Rectangular Lot, Paved, Up Slope from Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 6033004017
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is Attached
  • Accessibility Features: Parking
  • Property Condition: Fixer, Repairs Major, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: West of the 110
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1346 W 83rd Pl

Last sold for $670,000 on May 10th, 2019

  • February, 2024

  • Feb 22, 2024

    Date

    Active

    CRMLS: DW24037323

    $1,099,000

    Price

  • May, 2019

  • May 10, 2019

    Date

    Sold

    CRMLS: DW19035241

    $670,000

    Price

  • Feb 28, 2019

    Date

    Pending

    CRMLS: DW19035241

    $629,000

    Price

  • Feb 16, 2019

    Date

    Active

    CRMLS: DW19035241

    $629,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity here in the city of Los Angeles. The property is 10 minutes away from the new rams stadium and the newly built USC soccer stadium and let’s not forget the Olympics coming in 2020. Amazing income property. The 2-1 detach unit and guest room will be delivered vacant at the end of escrow. Great investment for future development and the zoning is a R1.5 zone! Total of 3 units and a serrated but attached guest room/ bathroom. Title shows it as a 4 unit though. This is an opportunity you do not want to miss out. Owner is highly motivated to sell for a reasonable price.

  • May, 2019

  • May 10, 2019

    Date

    Sold (Public Records)

    Public Records

    $670,000

    Price

  • August, 2014

  • Aug 1, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1346 W 83rd Pl

Assessed Value (2020): $683,600
Year Land Value Improved Value Assessed Value
2020 $408,000 $275,600 $683,600

Home Value Compared to the Market

This property vs the competition

1346 W 83rd Pl is listed 10.29% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $472.89 per/sqft which puts the price per square foot 38.9% lower than the median price per square foot for the city of Los Angeles.

About 1346 W 83rd Pl

Detailed summary of property

1346 W 83rd Pl is a fourplex located in Los Angeles, CA 90044 and is currently for sale. This fourplex offers 9 bedrooms, 5 bathrooms, roughly 2,324 living square feet, and sits on an approximately 5,899 square foot lot. 1346 W 83rd Pl was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner is currently asking $1,099,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 10.29% lower than the median priced home. Local competing homes currently for sale include 1802 W 92nd St, 725 W 77th St and 717 W 77th St. While the average home in Los Angeles, CA is selling in 96 days, 1346 W 83rd Pl has a days on market of 52 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1346 W 83rd Pl 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 1346 W 83rd Pl

Public county record property details
Beds
6
Baths
4
Year built
1951
Sq. Ft.
2,115
Lot Size
5,896
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
6033-004-017

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
$659,500
Median List Price/Sq.Ft.
$516
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$503
Total Inventory
80
Median Sale to List Price %
100%
Avg Days on Market
51
Loan Type
Conventional (57.14%), FHA (7.14%), VA (0%), Cash (7.14%), Other (14.29%)

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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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