1250 West 83rd Street
Description
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....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 • DRE #01350945 • Brokerage DRE #01305116 • Casa Bella Realty Group • 310-951-1875
Property Details for 1250 West 83rd Street
Property Details for 1250 West 83rd Street
| Status | Active |
|---|---|
| MLS # | SB24162218 |
| Days on Market | 137 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Apartment |
| Year Built | 1930 |
| County | Los Angeles County |
Building Information for 1250 West 83rd Street
Property Information for 1250 West 83rd Street
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $0
- Gross Scheduled Income: $149,688
- Vacancy Allowance Rate: 5
- Gross Operating Income: $142,203
- Net Operating Income: $118,453
- Gross Multiplier: 10.0
- Cap Rate: 8.0
- Operating Expense: $23,750
- New Taxes Expense: $18,750
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $3,000
- Professional Management Expense: $0
- Other Expense: $7,484
- Other Expense Description: VACANCY
- Trash Expense: $0
- Water Sewer Expense: $2,000
- Total Expenses: $28,234
- Tax Tract Number: 6033
- Tax Census Tract: 2382.00
- Tax Lot: 2
- Community Features: Sidewalks
- Laundry: No
- Laundry Features: None
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Heating Type: Wall
- Heating: Wall Furnace
- Entry Location: front door
- Pool Features: None
- Pool Description: None
- Lot Features: 6-10 Units/Acre
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,100
- Unit Type Total Rent: $2,100
- Unit Type Pro Forma: 2301
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,301
- Unit Type Total Rent: $2,301
- Unit Type Pro Forma: 2301
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,200
- Unit Type Total Rent: $2,200
- Unit Type Pro Forma: 2301
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,973
- Unit Type Total Rent: $1,973
- Unit Type Pro Forma: 2301
- Unit Type Type: 4
- Unit Type Units Total: 2
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,900
- Unit Type Total Rent: $3,900
- Unit Type Pro Forma: 3900
- Unit Type Type: 5
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
Property History for 1250 West 83rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1250 West 83rd Street
Schools near 1250 West 83rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Charter - | 6 to 10 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
La Salle Avenue Elementary School PublicK to 5 | ||
Vox Collegiate of Los Angeles Charter6 to 10 | ||
George Washington Preparatory High School Public9 to 12 | ||
Alliance Piera Barbaglia Shaheen Health Services Academy Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Casa Bella Realty Group, Erica Ruiz, DRE #01350945
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.