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

$2,450,000 Sold Price as of 10/06/2023
  • 18 Beds
  • 18 Baths
  • 6,684 Sq.Ft.
Sold
$2,450,000 Sold Price as of 10/06/2023 Refinance Your Mortgage
Map preview of 624 W 83rd St, Los Angeles, CA 90044

Property Overview: 624 W 83rd St Los Angeles, CA has 18 bedrooms, 18 bathrooms, 6,684 living square feet and 6,198 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Lyons Stahl and Pacific Peak are proud to present this exclusive brand-new 4 -unit construction (July, 2023) with two spacious ADU. There are a total of 6 units combined consisting of (4) 4 Bed / 4 Bath & (2) 1 Bed / 1Bath. This pristine asset also offers a unique opportunity for buyer to qualify for traditional residential financing. Yes, that means 20% downpayment is enough to acquire. The units are all spacious and flow very nicely. Rental Sq. Ft totals 6,750. Ft. All units include refrigerator, stove and microwave. The 4 Bed units are 3 stories and the (2) 1 Bed units are all on the first floor. All units have a heating system and the (2) 1 Bedrooms have AC. All (4) 4 Beds are tankless Gas, and all (2) 1 Bed units are electrical. There are a total of 2 Water Meters, 6 Electrical Meters, and 4 Gas Meters.The entire building has high-end laminate floors, colorful tiled bathrooms, and recess lighting and fans. The entire lot is boarded by a new metal fence and wood panels. This property is completely turnkey and suitable for an investor or owner user. Located just 3.5 miles from Sofi Stadium and the Forum, 4 miles to USC and BMO Stadium, 8 miles to Downtown LA, and 10 miles from LAX, this property offers proximity to major attractions and employment hubs. With convenient access to the 110, 105, 10, and 405 freeways, commuting to various destinations. All units are vacant. Property is marketed at 6.375 CAP upon lease completion.

Listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
6,198
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
SB23134723
City
Los Angeles
County
Los Angeles
Time on Site
433 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 4
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $2,232,000
  • Net Operating Income: $156,132
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $55,908
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $600
  • Insurance: $5,200
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 624 W 83rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down, All Bedrooms Up
Kitchen Information
  • Has Appliances
  • Electric Oven
Interior Features
  • 2 Staircases, Granite Counters
  • Levels: Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 6
  • Parcel Number: 6032019001
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East Vermont Ave / South Manchester Ave
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 624 W 83rd St

Last sold for $2,450,000 on October 6th, 2023

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23320595

    $22,000

    Price

  • Oct 12, 2023

    Date

    Active

    CRMLS: 23320595

    $22,000

    Price

  • Listing provided courtesy of CRMLS

    There are a total of 6 units combined consisting of (4) 4 Bed / 4 Bath & (2) 1 Bed / 1Bath. Rental Sq. Ft totals 6,750. Ft. All units include refrigerator, stove and microwave. The 4 Bed units are 3 stories and the (2) 1 Bed units are all on the first floor. All units have a heating system and the (2) 1 Bedrooms have AC. All (4) 4 Beds are tankless Gas, and all (2) 1 Bed units are electrical. There are a total of 2 Water Meters, 6 Electrical Meters, and 4 Gas Meters. The entire building has high-end laminate floors, colorful tiled bathrooms, and recess lighting and fans. The entire lot is boarded by a new metal fence and wood panels. This property is completely turnkey. Located just 3.5 miles from Sofi Stadium and the Forum, 4 miles to USC and BMO Stadium, 8 miles to Downtown LA, and 10 miles from LAX, this property offers proximity to major attractions and employment hubs. With convenient access to the 110, 105, 10, and 405 freeways, commuting to various destinations. All units are vacant. Section 8, 3rd party voucher accepted. Ask for master lease for airbnb or corporate lease.

  • October, 2023

  • Oct 6, 2023

    Date

    Sold

    CRMLS: SB23134723

    $2,450,000

    Price

  • Jul 24, 2023

    Date

    Active

    CRMLS: SB23134723

    $2,599,000

    Price

  • July, 2023

  • Jul 24, 2023

    Date

    Canceled

    CRMLS: RS23112146

    $2,599,000

    Price

  • Jun 23, 2023

    Date

    Active

    CRMLS: RS23112146

    $2,599,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing an investor's dream! This brand new construction 6-unit building offers a fantastic opportunity. With four 4-bedroom, 4-bathroom units and two 1-bedroom, 1-bath ADUs, this property qualifies for 30-year financing, maximizing your investment potential. The property boasts drought-friendly landscaping and zero deferred maintenance, ensuring a hassle-free ownership experience. The custom finishes throughout the units will undoubtedly attract renters, making this an excellent income-generating asset. Enjoy stunning views of the Hollywood sign, DTLA and the majestic mountains, providing a picturesque back drop for daily living! Parking will never be an issue with 7 secured parking spots available. The sleek modern units feature open floor plans, creating a spacious and contemporary living environment. Located just 3.5 miles from Sofi Stadium and the Forum, 4 miles to USC and BMO Stadium, 8 miles to Downtown LA, and 10 miles from LAX, this property offers proximity to major attractions and employment hubs. With convenient access to the 110, 105, 10, and 405 freeways, commuting to various destinations is a breeze. Don't miss out on this incredible investment opportunity in a prime location. Act now and secure your place in this thriving real estate market! Due to SB 8 we expect to see less of these properties being built so make your offer today!

  • July, 2023

  • Jul 24, 2023

    Date

    Canceled

    CRMLS: RS23112382

    $2,599,000

    Price

  • Jun 23, 2023

    Date

    Active

    CRMLS: RS23112382

    $2,599,000

    Price

  • Listing provided courtesy of CRMLS

    Introducing an investor's dream! This brand new construction 6-unit building offers a fantastic opportunity. With four 4-bedroom, 4-bathroom units and two 1-bedroom, 1-bath ADUs, this property qualifies for 30-year financing, maximizing your investment potential. The property boasts drought-friendly landscaping and zero deferred maintenance, ensuring a hassle-free ownership experience. The custom finishes throughout the units will undoubtedly attract renters, making this an excellent income-generating asset. Enjoy stunning views of the Hollywood sign, DTLA and the majestic mountains, providing a picturesque back drop for daily living! Parking will never be an issue with 7 secured parking spots available. The sleek modern units feature open floor plans, creating a spacious and contemporary living environment. Located just 3.5 miles from Sofi Stadium and the Forum, 4 miles to USC and BMO Stadium, 8 miles to Downtown LA, and 10 miles from LAX, this property offers proximity to major attractions and employment hubs. With convenient access to the 110, 105, 10, and 405 freeways, commuting to various destinations is a breeze. Don't miss out on this incredible investment opportunity in a prime location. Act now and secure your place in this thriving real estate market! Due to SB 8 we expect to see less of these properties being built so make your offer today!

  • August, 2021

  • Aug 9, 2021

    Date

    Active

    CRMLS: RS21175019

    $950,000

    Price

  • Listing provided courtesy of CRMLS

    Fully approved plans for 4 units. All units are 5 bedroom each. Existing house has already been torn down.

  • October, 2019

  • Oct 24, 2019

    Date

    Sold

    CRMLS: PW19213038

    $650,000

    Price

  • Sep 21, 2019

    Date

    Pending

    CRMLS: PW19213038

    $650,000

    Price

  • Sep 6, 2019

    Date

    Active

    CRMLS: PW19213038

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    EXCELLENT OPPORTUNITY WITH THIS LARGE LA R-3 LOT THAT HAS LOTS OF POTENTIAL. See Remarks.

  • October, 2019

  • Oct 24, 2019

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • September, 2018

  • Sep 5, 2018

    Date

    Canceled

    CRMLS: PW17210288

    $465,000

    Price

  • Jul 4, 2018

    Date

    Hold

    CRMLS: PW17210288

    $465,000

    Price

  • Jul 4, 2018

    Date

    Active

    CRMLS: PW17210288

    $465,000

    Price

  • Jun 4, 2018

    Date

    Hold

    CRMLS: PW17210288

    $465,000

    Price

  • Jun 3, 2018

    Date

    Active

    CRMLS: PW17210288

    $465,000

    Price

  • Feb 9, 2018

    Date

    Hold

    CRMLS: PW17210288

    $465,000

    Price

  • Feb 3, 2018

    Date

    Active

    CRMLS: PW17210288

    $465,000

    Price

  • Feb 1, 2018

    Date

    Hold

    CRMLS: PW17210288

    $465,000

    Price

  • Nov 16, 2017

    Date

    Price Change

    CRMLS: PW17210288

    $465,000

    Price

  • Sep 11, 2017

    Date

    Active

    CRMLS: PW17210288

    $480,000

    Price

  • Listing provided courtesy of CRMLS

    LARGE LA R-3 LOT. Property has great potential. See remarks.

  • September, 2005

  • Sep 9, 2005

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

Show More

Tax History for 624 W 83rd St

Assessed Value (2020): $650,000
Year Land Value Improved Value Assessed Value
2020 $525,000 $125,000 $650,000

Home Value Compared to the Market

This property vs the competition

624 W 83rd St sold on October 6, 2023 for 118.75% higher 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 $366.55 per/sqft which puts the price per square foot 49.37% lower than the current median sale per square foot for the city of Los Angeles.

About 624 W 83rd St

Detailed summary of property

624 W 83rd St is a fourplex that recently sold in Los Angeles, CA 90044. This fourplex offered 18 bedrooms, 18 bathrooms, roughly 6,684 living square feet, and sits on an approximately 6,198 square foot lot. 624 W 83rd St was first listed on ArdentRealEstateGroup.com on July 22, 2023. The homeowner sold the property for $2,450,000. 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 118.75% higher than the current median priced home. Local homes that are currently for sale include 618 W 49th St, 1501 Firestone Blvd and 603 W 47th St. While the average home in Los Angeles, CA is selling in 106 days, 624 W 83rd St has a days on market of 36 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 624 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 624 W 83rd St

Public county record property details
Beds
2
Baths
1
Year built
1911
Sq. Ft.
888
Lot Size
6,198
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
48
APN
6032-019-001

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
$649,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
93
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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