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725 W 83Rd St, Los Angeles, CA 90044
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725 W 83Rd St Los Angeles, CA 90044

$695,000
  • 9 Beds
  • 6 Baths
  • 1,963 Sq.Ft.
For Sale
$695,000 Get Pre-Qualified
Map preview of 725 W 83Rd St, Los Angeles, CA 90044

Property Overview: 725 W 83Rd St Los Angeles, CA has 9 bedrooms, 6 bathrooms, 1,963 living square feet and 6,001 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: Introducing a remarkable investment opportunity! This meticulously maintained duplex features two spacious 3-bedroom, 2-bathroom units, providing versatile living spaces for residents. Nestled within a gated property, the front and back units share only one common wall, ensuring privacy and tranquility for both occupants. The front yard is exclusively dedicated to the front house, while ample parking is available at the back, enhancing convenience for residents. The back unit, constructed in 2005, boasts modern amenities such as new wood-like vinyl floors, a separate kitchen, and ample closet space. Meanwhile, the front unit offers an open floor plan, covered front and back porches, and laundry hookups. Whether you're seeking to generate rental income or live in one unit while renting out the other, this duplex presents endless possibilities for financial growth and investment. Zoned R3, there's potential for further development, including the option to build multi-unit structures. This presents a compelling opportunity for investors looking to maximize their returns and expand their portfolio in a thriving rental market. Located in a desirable area with strong rental demand, this property promises lucrative returns. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

Listed by Anna Kadinowa | BRE #01908285 | Christie's AKG
Co-listed by Kirby Gillon | BRE #01960253 | Christie's AKG
Last checked: 12 minutes ago | Last updated: May 11th, 2024 | Source CRMLS | DOM: 50
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Home details

Lot Sq. Ft
6,001
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24377244
City
Los Angeles
County
Los Angeles
Time on Site
52 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,118
  • Total Rent: $3,118
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,227
  • Total Rent: $2,227
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.7%
  • Gross Rent Multiplier: 10.83
  • Gross Scheduled Income: --
  • Net Operating Income: $54,494
  • Gross Operating Income: $64,140
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 725 W 83Rd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 2
  • Parcel Number: 6032022006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps
View more facts & features

Local Los Angeles Agent

Sale History for 725 W 83Rd St

Last sold for $250,000 on June 26th, 2013

  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: 24377244

    $695,000

    Price

  • June, 2013

  • Jun 26, 2013

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

  • June, 2013

  • Jun 26, 2013

    Date

    Sold

    CRMLS: 12175166

    $250,000

    Price

  • Jun 4, 2013

    Date

    Active

    CRMLS: 12175166

    $252,200

    Price

  • Listing provided courtesy of CRMLS

    Great Opportunity! Duplex, each unit with 3 Bed + 1 3/4 bath. Short Sale pre-approved price.

  • December, 2000

  • Dec 22, 2000

    Date

    Sold (Public Records)

    Public Records

    $107,000

    Price

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Tax History for 725 W 83Rd St

Assessed Value (2020): $281,492
Year Land Value Improved Value Assessed Value
2020 $225,195 $56,297 $281,492

Home Value Compared to the Market

This property vs the competition

725 W 83Rd St is listed 44.4% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $354.05 per/sqft which puts the price per square foot 54.61% lower than the median price per square foot for the city of Los Angeles.

About 725 W 83Rd St

Detailed summary of property

725 W 83Rd St is a multi family located in Los Angeles, CA 90044 and is currently for sale. This multi family property offers 9 bedrooms, 6 bathrooms, roughly 1,963 living square feet, and sits on an approximately 6,001 square foot lot. 725 W 83Rd St was first listed on ArdentRealEstateGroup.com on April 26, 2024. The homeowner is currently asking $695,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44.4% lower than the median priced home. Local competing homes currently for sale include 643 W Colden Ave, 937 W 68th St and 217 W 70th St. While the average home in Los Angeles, CA is selling in 98 days, 725 W 83Rd St has a days on market of 50 days. There are currently 3912 homes for sale in the Los Angeles real estate market and 2639 of them are single family homes while 1161 of them are condos and 105 are townhomes. For more information on this home for sale at 725 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 725 W 83Rd St

Public county record property details
Beds
5
Baths
2
Year built
1921
Sq. Ft.
1,963
Lot Size
6,000
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
6032-022-006

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.
$521
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
81
Median Sale to List Price %
104.62%
Avg Days on Market
30
Loan Type
Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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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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